Northern Oil And Gas (NOG) Misses Q3 EPS by 2c, Revenues Beat
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Northern Oil and Gas, Inc. Announces Third Quarter 2019 Results
November 12, 2019 6:00 AM ESTThird quarter production increased 53% over the prior year, and 17% sequentially, averaging 40,786 barrels of oil equivalent (Boe) per day. Cash flow from operations, excluding a $32.5 million net decrease from changes in working capital and other items, was $103.5 million for the third quarter, an 11% increase versus the second quarter. Organic drilling and development capital expenditures totaled $80.1 million during the third quarter. Northern closed the VEN Bakken acquisition and also added another 13.3 net wells to production during the third quarter, which helped offset the curtailments,... More
