Northern Oil and Gas, Inc. Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 04:05 pm EST
Share
Northern Oil and Gas, Inc. reported production results for the fourth quarter and full year ended December 31, 2023. Fourth the quarter, the company reported Total Net Production of 10,521,390 Boe against 7,254,581 Boe a year ago. Total Average Daily Production of 114,363 Boe against 78,854 Boe a year ago.
Full the year, the company reported Total Net Production of 36,069,962 Boe against 27,561,596 Boe a year ago. Total Average Daily Production of 98,822 Boe against 75,511 Boe a year ago.
Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.