Northern Oil and Gas Inks $160M Appalachia Development Program [Yahoo! Finance]
Northern Oil and Gas, Inc. (NOG)
NASDAQ:AMEX Investor Relations:
northernoil.com
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Source: Yahoo! Finance
NOG recently announced its joint development program in Appalachia with one of the region's most capital-efficient operators, which requires focused work on drilling activities throughout 2025. The program needs a capital commitment capped at $160 million and would provide the company a 15% working interest stake. The program exemplifies the company's strategic and forward-looking capital allocation move. Northern Oil and Gas' non-operated business model allows it to keep its overhead costs down compared to peers. This enables it to capture higher margins. The company can work with leading producers in each basin, acquiring attractive acreage — overlooked by competitors due to the small working interest involved — to diversify its production profile. NOG's Enhancing Gas Inventory The strategic investment strategy of NOG in Appalachia, one of North America's richest gas-producing regions, would position it to enhance its natural gas inventory significantly. By participating in th
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NOG
News
- NOG Responds to Reuters Article in Regard to Potential Business CombinationBusiness Wire
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target lowered by analysts at Piper Sandler from $41.00 to $37.00. They now have a "neutral" rating on the stock.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) was downgraded by analysts at Mizuho from an "outperform" rating to a "neutral" rating. They now have a $47.00 price target on the stock.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) was downgraded by analysts at Mizuho from an "outperform" rating to a "neutral" rating. They now have a $47.00 price target on the stock.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target raised by analysts at Truist Financial Co. from $51.00 to $52.00. They now have a "buy" rating on the stock.MarketBeat
NOG
Earnings
- 11/5/24 - Beat
NOG
Sec Filings
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- NOG's page on the SEC website