secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN OIL & GAS, INC. (NOG)
CIK:        0001104485
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001104485-23-000090
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOG reports Q1 derivative gains of ~$140M unrealized, $13.6M realized; repurchases shares and notes
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- Unrealized mark-to-market derivative gains estimated at ~$140.0M; realized gains ~$13.6M for Q1 2023.
- Repurchased 287,751 shares at $27.82 avg; $87.5M remaining on share repurchase authorization.
- Repurchased $19.1M of 8.125% Senior Notes at 96.4% of par; $705.1M notes outstanding.
- Board increased notes repurchase authorization by $100M to $105.1M total availability; annual interest saved ~$1.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104485/000110448523000090/0001104485-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104485/000110448523000090/nog-20230419.htm
  HTML page:      https://secwatch.observer/filing/0001104485-23-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer