Northern Oil And Gas (NOG) Tops Q2 EPS by 1c, Revenues Beat

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Northern Oil and Gas, Inc. Announces 2018 Second Quarter Results and Increases 2018 Production Guidance

August 9, 2018 6:00 AM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Northern Oil and Gas, Inc. (NYSE American: NOG) today announced 2018 second quarter results and increased the companys full-year 2018 production guidance.

HIGHLIGHTS

Raising full year 2018 production guidance; expect average daily production to increase by 60 - 64% over 2017. Second quarter production exceeded expectations, increasing 53% year-over-year and 17% sequentially to average 21,046 barrels of oil equivalent (Boe) per day. Exited the second quarter with 16.4 net wells in process after adding 8.1 organic net wells to production. Announced $500... More