secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN OIL & GAS, INC. (NOG)
CIK:        0001104485
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001104485-24-000202
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOG reports record oil output in Q3, ups dividend 5%, reaffirms 2024 guidance
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- Estimated Q3 production 121.6-121.8 MBoe/d; oil production record at ~70,775-70,925 Bbl/d (58.1-58.3% of total).
- Net wells TIL dropped to 9.5 (down ~70% sequentially) but D&C list grew to 52.2 net wells (+11.2 from Q2).
- Dividend increased 5% to $0.42/share payable Oct 31; repurchased 397,301 shares at $36.38 avg in Q3.
- Hedged over 54,650 Bbl/d oil and 195,000 MMBtu/d gas for Q4 2024; unrealized mark-to-market gains ~$208-209M.
- Reiterated 2024 production and capex guidance; closed Point and XCL acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104485/000110448524000202/0001104485-24-000202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104485/000110448524000202/nog-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001104485-24-000202

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