Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF COMPREHENSIVE INCOME

v2.4.1.9
STATEMENTS OF COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
REVENUES      
Oil and Gas Sales $ 431,605,015us-gaap_OilAndGasSalesRevenue $ 369,187,120us-gaap_OilAndGasSalesRevenue $ 296,637,857us-gaap_OilAndGasSalesRevenue
Loss on Settled Derivatives (7,863,104)us-gaap_GainLossOnSaleOfDerivatives (12,198,633)us-gaap_GainLossOnSaleOfDerivatives (391,420)us-gaap_GainLossOnSaleOfDerivatives
Gains (Losses) on the Mark-to-Market of Derivative Instruments 171,275,719us-gaap_UnrealizedGainLossOnDerivatives (21,259,018)us-gaap_UnrealizedGainLossOnDerivatives 15,147,122us-gaap_UnrealizedGainLossOnDerivatives
Other Revenue 9,112us-gaap_OtherSalesRevenueNet 44,402us-gaap_OtherSalesRevenueNet 179,331us-gaap_OtherSalesRevenueNet
Total Revenues 595,026,742us-gaap_Revenues 335,773,871us-gaap_Revenues 311,572,890us-gaap_Revenues
OPERATING EXPENSES      
Production Expenses 55,695,615us-gaap_OilAndGasProductionExpense 41,859,135us-gaap_OilAndGasProductionExpense 32,382,310us-gaap_OilAndGasProductionExpense
Production Taxes 43,674,010us-gaap_ProductionTaxExpense 34,958,975us-gaap_ProductionTaxExpense 28,485,594us-gaap_ProductionTaxExpense
General and Administrative Expense 17,602,306us-gaap_GeneralAndAdministrativeExpense 16,575,440us-gaap_GeneralAndAdministrativeExpense 22,645,315us-gaap_GeneralAndAdministrativeExpense
Depletion, Depreciation, Amortization and Accretion 172,883,554nog_DepletionDepreciationAmortizationAndAccretion 124,383,374nog_DepletionDepreciationAmortizationAndAccretion 98,923,240nog_DepletionDepreciationAmortizationAndAccretion
Total Expenses 289,855,485us-gaap_OperatingExpenses 217,776,924us-gaap_OperatingExpenses 182,436,459us-gaap_OperatingExpenses
INCOME FROM OPERATIONS 305,171,257us-gaap_OperatingIncomeLoss 117,996,947us-gaap_OperatingIncomeLoss 129,136,431us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE)      
Other Income (Expense) 47,364us-gaap_OtherNonoperatingIncomeExpense (453,241)us-gaap_OtherNonoperatingIncomeExpense 24,874us-gaap_OtherNonoperatingIncomeExpense
Interest Expense, Net of Capitalization (42,105,676)us-gaap_InterestExpense (32,709,056)us-gaap_InterestExpense (13,874,909)us-gaap_InterestExpense
Total Other Income (Expense) (42,058,312)nog_TotalOtherIncomeExpense (33,162,297)nog_TotalOtherIncomeExpense (13,850,035)nog_TotalOtherIncomeExpense
INCOME BEFORE INCOME TAXES 263,112,945us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 84,834,650us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 115,286,396us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
INCOME TAX PROVISION 99,367,000us-gaap_IncomeTaxExpenseBenefit 31,767,614us-gaap_IncomeTaxExpenseBenefit 43,001,772us-gaap_IncomeTaxExpenseBenefit
NET INCOME 163,745,945us-gaap_NetIncomeLoss 53,067,036us-gaap_NetIncomeLoss 72,284,624us-gaap_NetIncomeLoss
OTHER COMPREHENSIVE INCOME, NET OF TAX      
Reclassification of Derivative Instruments Included in Income (Net of Tax of $39,000 for the year ended December 31, 2012) 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 62,309us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Total Other Comprehensive Income 0us-gaap_OtherComprehensiveIncomeLossNetOfTax 0us-gaap_OtherComprehensiveIncomeLossNetOfTax 62,309us-gaap_OtherComprehensiveIncomeLossNetOfTax
COMPREHENSIVE INCOME $ 163,745,945us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $ 53,067,036us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $ 72,346,933us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Net Income Per Common Share - Basic (in dollars per share) $ 2.70us-gaap_EarningsPerShareBasic $ 0.85us-gaap_EarningsPerShareBasic $ 1.16us-gaap_EarningsPerShareBasic
Net Income Per Common Share - Diluted (in dollars per share) $ 2.69us-gaap_EarningsPerShareDiluted $ 0.85us-gaap_EarningsPerShareDiluted $ 1.15us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding - Basic (in shares) 60,691,701us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 62,364,957us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 62,485,836us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted Average Shares Outstanding - Diluted (in shares) 60,860,769us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 62,747,298us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 62,869,079us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding