Northern Oil And Gas (NOG) Announces Business and Operations Update
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Northern Oil and Gas, Inc. Announces Business and Operations Update
January 7, 2021 4:15 PM ESTHIGHLIGHTS
Reaffirms mid-point of Q4 2020 production guidance and narrows range to 34,000 36,000 Boe per day Reiterates 2021 $40+ WTI base case outlook $178 million of debt reduction in 2020 Retired $65 million, or 50%, of the Unsecured VEN Bakken Note on January 4, 2021 $8.4 million of high return Ground Game acquisitions in Q4, including four Permian transactions 20,609 average barrels of oil per day hedged for full year 2021 at an average price of $55.09 per barrel 8,000 average barrels of oil per day hedged for Q1 2022 at an average price of $50.81 per barrel 4,798 average barrels of oil... More