Northern Oil and Gas, Inc. (NYSE: NOG) is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. Northern is the largest publicly traded non-operated exploration and production company.
Northern believes that the best way for it to generate long-term value is the continued capital allocation process that has been fine-tuned over the last several years seeing a high volume of acreage and well participation opportunities with which to make capital allocation decisions. That capital allocation process follows a business model:
That provide for high internal rates of return on capital.
Ensuring reliable performance and diversification of operational risk.
To deploy capital quickly where it will generate the highest rates of return.
Strengthening our ability to deliver on our commitments for decades to come.
This model has successfully grown production and proved reserves since inception. Northern continues to evaluate and expand its acreage footprint and multi-year drilling inventory through selective, bolt-on acquisitions in areas identified by the Company as being prospective for generating high rates of return throughout commodity cycles. Leading operators recognize Northern as the “go to” buyer of non-operated positions.
With 32 employees, Northern Oil & Gas is focused on what it means to be accountable to the shareholder. Our unique model provides capital flexibility and discipline, both of which requires us to leverage our experience and relationships in the region.
With 32 employees, Northern Oil & Gas is focused on what it means to be accountable to the shareholder. Our unique model provides capital flexibility and discipline, both of which requires us to leverage our experience and relationships in the region.