Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc. is an independent energy company established in 2006 and headquartered in Minnetonka, Minnesota. Its core business involves the acquisition, exploration, development, and production of crude oil and natural gas properties. The company operates with a unique non-operated business model, focusing on acquiring and holding minority working and mineral interests in hydrocarbon-producing assets rather than directly operating them. Northern Oil and Gas aims to maximize shareholder returns by efficiently developing its crude oil-weighted assets and growing profits per share over time.

Northern Oil and Gas's key market segments are primarily within major U.S. onshore basins, including the Williston Basin (North Dakota and Montana), Permian Basin (New Mexico and Texas), Appalachian Basin (Pennsylvania and Ohio), and Uinta Basin. The company's services include the strategic acquisition and development of oil and gas properties, participation in the exploration and production of crude oil and natural gas, and the management of its working interests. It also utilizes commodity hedging to manage risk and enhance cash flow predictability.

As of early 2026, Northern Oil and Gas is recognized as the largest U.S. publicly traded non-operated energy investment platform. Nicholas L. O'Grady serves as the CEO and Director. Recent notable news includes the company's Q1 2026 earnings report on April 28, 2026, which showed a net loss of $522.8 million, primarily attributed to derivative losses and a non-cash impairment, despite strong operating cash flow and record production volumes. The company also completed a public offering of common stock in March 2026.