Northern Oil and Gas, Inc. Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2019

The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three months ended March 31, 2019 and 2018 are as follows:


	Three Months Ended March 31,
(In Thousands, except per share data)	2019		2018
Net Income (Loss)	$	(107,162)	$	2,965
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic	371,449		65,215
Plus: Potentially Dilutive Common Shares Including Stock Options and Restricted Stock	—		168
Weighted Average Common Shares Outstanding – Diluted	371,449		65,383

Net Income (Loss) per Common Share
Basic	$	(0.29)	$	0.05
Diluted	$	(0.29)	$	0.05

The following reflects the Company’s supplemental cash flow information:


	Three Months Ended March 31,
(In thousands)	2019		2018
Supplemental Cash Items:
Cash Paid During the Period for Interest	$	16,929	$	7,631
Cash Paid During the Period for Income Taxes	—		—




Non-cash Investing Activities:
Oil and Natural Gas Properties Included in Accounts Payable	133,872		85,068
Capitalized Asset Retirement Obligations	226		184

Compensation Capitalized on Oil and Gas Properties	84		54


Non-cash Financing Activities:




Issuance of 8.50% Second Lien Notes due 2023 - PIK Interest	1,738		—
Contingent Consideration Settlements	2,887		—