Northern Oil and Gas (NYSE:NOG) (NYSE:NOG) is an independent exploration and production company focused on acquiring and developing oil and gas properties in key U.S. onshore basins. The company’s core strategy centers on building a diversified portfolio of long-lived, cash-flowing assets through disciplined leasehold acquisition and strategic drilling programs. Northern Oil and Gas specializes in horizontal development and enhanced recovery techniques to optimize production from its acreage position.
Founded in 2000 and headquartered in Minnetonka, Minnesota, Northern Oil and Gas originally began as a mineral rights aggregator before evolving into a full‐cycle upstream operator. Over the years, the company has completed numerous bolt-on acquisitions, adding significant leasehold in the Bakken, the Midland Basin and the Eagle Ford Shale. Through these transactions and targeted drilling campaigns, Northern has steadily increased its proved reserves and production volumes.
The company’s current operations span multiple prolific U.S. basins, with a primary focus on the Williston Basin in North Dakota and Montana, as well as emerging positions in the Permian Basin’s Midland sub-basin. Northern’s technical team leverages state-of-the-art seismic analysis, geological modeling and innovative completions techniques to identify high-return drilling locations and enhance recovery factors across its acreage. Its geographic diversification helps mitigate single-basin risk and positions the company to capitalize on regional infrastructure efficiencies.
Northern Oil and Gas is led by a leadership team with deep industry expertise in geology, petroleum engineering and financial management. The executive suite, led by President and Chief Executive Officer David L. Stover and supported by a seasoned board of directors, emphasizes disciplined capital allocation, operational excellence and environmental stewardship. This team-driven approach aims to deliver sustained production growth and long-term shareholder value.
