Northern Oil And Gas (NOG) Tops Q1 EPS by 1c
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Northern Oil and Gas, Inc. Announces First Quarter 2020 Results
May 11, 2020 6:00 AM EDTHIGHLIGHTS
First quarter production increased 28% over the prior year, averaging 43,735 barrels of oil equivalent (Boe) per day Cash flow from operations, excluding $7.1 million from changes in working capital, totaled $93.6 million, which was a 7% increase over the prior year and exceeded first quarter capital expenditures of $86.7 million Senior Secured Notes reduced by $90.2 million in the first quarter; signed agreements to retire an additional $6.1 million subsequent to quarter-end Over 27,000 barrels per day of remaining 2020 oil production hedged at over $58 per barrel (Bbl) average prices Approximately 20,000 barrels per day of 2021 oil production hedged at over... More