Northern Oil & Gas, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Northern Oil & Gas, Inc. (NOG) has submitted its annual 10-K filing for the fiscal year ending December 31, 2023.</b>

AI Summary

NORTHERN OIL & GAS, INC. (NOG) filed a Annual Report (10-K) with the SEC on February 23, 2024. Northern Oil & Gas, Inc. (NOG) filed its 2023 10-K report on February 23, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is Crude Petroleum & Natural Gas extraction. Its business address is 4350 Baker Road, Suite 400, Minnetonka, MN 55343. The company was formerly known as Kentex Petroleum Inc., with a name change on January 28, 2000.

Why It Matters

For investors and stakeholders tracking NORTHERN OIL & GAS, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of NOG's financial performance, operational activities, and risk factors for the 2023 fiscal year, crucial for investors assessing the company's health and future prospects. As a player in the Crude Petroleum & Natural Gas sector, the details within this report are vital for understanding industry trends, regulatory impacts, and NOG's specific position within the energy market.

Risk Assessment

Risk Level: low — NORTHERN OIL & GAS, INC. shows low risk based on this filing. The filing is a standard 10-K annual report, which typically contains routine financial and operational information without immediate, significant new risks or opportunities.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Northern Oil & Gas's performance and strategic outlook for 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-23 — Filing Date (Date of submission)
• 1934 Act — SEC Act (Governing legislation for the filing)
• 001-33999 — SEC File Number (Company's SEC file number)

Key Players & Entities

• NORTHERN OIL & GAS, INC. (company) — Filer name
• NOG (company) — Ticker symbol
• Kentex Petroleum Inc. (company) — Former company name
• Minnetonka, MN (location) — Business address city and state

FAQ

Industry Context

Northern Oil & Gas, Inc. operates within the energy sector, specifically focusing on the exploration and production of oil and natural gas.

Regulatory Implications

As a publicly traded company in the US, Northern Oil & Gas, Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of annual 10-K reports.

What Investors Should Do

1. Analyze the financial statements within the 10-K for revenue, net income, and debt levels.
2. Review the 'Risk Factors' section for any new or evolving risks specific to NOG's operations.
3. Examine management's discussion and analysis (MD&A) for insights into the company's strategy and outlook.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-23: Filing Date — Date the 10-K was officially filed with the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document type filed, providing the core financial and operational data for the fiscal year.)

Crude Petroleum & Natural Gas

The industry classification for companies involved in the extraction of crude oil and natural gas. (Indicates the core business sector of Northern Oil & Gas, Inc.)

Year-Over-Year Comparison

This is the initial filing data extracted, and a comparison to a previous filing is not available from the provided text.

Key Financial Figures

• $0.001 — ange On Which Registered Common Stock, $0.001 par value NOG New York Stock Exchange

Filing Documents

• nog-20231231.htm (10-K) — 2835KB
• exhibit41descriptionofcapi.htm (EX-4.1) — 22KB
• exhibit46-nogxarwarrantriv.htm (EX-4.6) — 185KB
• exhibit1017-formof3xyearrs.htm (EX-10.17) — 155KB
• exhibit1018-formof3xyearrs.htm (EX-10.18) — 139KB
• exhibit1019-formofshareapp.htm (EX-10.19) — 138KB
• exhibit10ormofrestrictedst.htm (EX-10.20) — 116KB
• exhibit231-consentofdeloit.htm (EX-23.1) — 3KB
• exhibit232-consentofcawley.htm (EX-23.2) — 4KB
• exhibit241nog-10xkpoax2023.htm (EX-24.1) — 30KB
• exhibit311-202310k.htm (EX-31.1) — 10KB
• exhibit312-202310k.htm (EX-31.2) — 10KB
• exhibit321-202310k.htm (EX-32.1) — 8KB
• exhibit97-nogxclawbackpoli.htm (EX-97) — 26KB
• exhibit991-reservereportle.htm (EX-99.1) — 66KB
• image_0.jpg (GRAPHIC) — 327KB
• image_01.jpg (GRAPHIC) — 903KB
• image_1.jpg (GRAPHIC) — 5KB
• image_1b.jpg (GRAPHIC) — 10KB
• image_2.jpg (GRAPHIC) — 5KB
• image_20.jpg (GRAPHIC) — 0KB
• image_4.jpg (GRAPHIC) — 12KB
• nog-20231231_g1.jpg (GRAPHIC) — 331KB
• 0001104485-24-000045.txt (&nbsp;) — 17199KB
• nog-20231231.xsd (EX-101.SCH) — 90KB
• nog-20231231_cal.xml (EX-101.CAL) — 101KB
• nog-20231231_def.xml (EX-101.DEF) — 496KB
• nog-20231231_lab.xml (EX-101.LAB) — 1067KB
• nog-20231231_pre.xml (EX-101.PRE) — 769KB
• nog-20231231_htm.xml (XML) — 2230KB

Management's Discussion and Analysis of Financial Condition and Results of Operations 49

Management's Discussion and Analysis of Financial Condition and Results of Operations 49 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk 63

Quantitative and Qualitative Disclosures About Market Risk 63 Item 8.

Financial Statements and Supplementary Data 64

Financial Statements and Supplementary Data 64 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 65 Item 9A.

Controls and Procedures 65

Controls and Procedures 65 Item 9B. Other Information 68 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 68 Part III Item 10. Directors, Executive Officers and Corporate Governance 68 Item 11.

Executive Compensation 69

Executive Compensation 69 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 69

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 69 Item 13. Certain Relationships and Related Transactions, and Director Independence 70 Item 14. Principal Accountant Fees and Services 70 Part IV Item 15. Exhibits and Financial Statement Schedules 71 Item 16. Form 10-K Summary 74

Signatures

Signatures 75 Index to Financial Statements F-1 1 Table of Contents NORTHERN OIL AND GAS, INC. ANNUAL REPORT ON FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2023 PART I

Business

Item 1. Business Overview We are an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States, primarily in the Williston Basin, the Permian Basin and the Appalachian Basin. We believe the location, size and concentration of our acreage positions in some of North America's leading unconventional oil and gas resource plays provide us with drilling and development opportunities that will result in significant long-term value. We currently report a single reportable segment. See "Financial Statements" and the notes to our consolidated financial statements for financia

View Full Filing

View this 10-K filing on SEC EDGAR