Northern Oil And Gas (NOG) Misses Q2 EPS by 1c
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Northern Oil and Gas, Inc. Announces Second Quarter 2020 Results
August 7, 2020 6:00 AM EDTHIGHLIGHTS
Total debt reduced by $52.2 million in the second quarter, resulting in over $3 million in interest savings per annum Strong risk management drove realized commodity hedge gains of $77.4 million in the second quarter Cash flow from operations totaled $53.1 million, excluding $48.5 million received from changes in working capital Total capital expenditures were $34.5 million in the second quarter Wells in process remain near record levels at 26.7 net wells Production averaged 23,804 barrels of oil equivalent (Boe) per day, driven by material curtailments and shut-ins Approximately 26,500 barrels per day of remaining 2020 oil hedged... More