secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN OIL & GAS, INC. (NOG)
CIK:        0001104485
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001104485-23-000182
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOG Q3 preliminary: capex $215-218M; ground game adds 5.7 net locations; D&C record 74.2 wells
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- Q3 capital expenditures expected $215-218M, driven by Ground Game success and acceleration of organic development.
- Ground Game: 8 transactions in Q3 adding 5.7 net drilling locations and 514 net acres; YTD 31 deals.
- Gross consents up 35% sequentially; net wells turned in-line 22.6 vs 13.8 in Q2 (up 64%).
- DD&A rate expected $14.20-$14.25/Boe, up from Q2 due to Novo acquisition.
- Mark-to-market loss on derivatives ~$205M; net settled gain ~$5M; added hedges for 2.4 MMBoe oil and 10.9 MMBtu gas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104485/000110448523000182/0001104485-23-000182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104485/000110448523000182/nog-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001104485-23-000182

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