Past year: ▲ 9%(18.15 – 29.23 USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 June 2026capital raising announcement▲ GoodMajor
Northern Oil and Gas completed the Parallax acquisition, paying CA$237 million cash (funded by cash on hand, free cash flow and revolver borrowings) plus about 3.7 million shares - its first Canadian asset base, closing just months after the Utica Shale (Antero/Infinity) deal in February 2026.
26 May 2026capital raising announcement▲ GoodMajor
Northern Oil and Gas agreed to its first-ever acquisition outside the United States: Alberta, Canada oil and gas assets from Parallax Energy for CA$237 million cash plus CA$113 million in stock, with up to CA$25 million more contingent on WTI oil prices staying elevated through 2027 - continuing its acquire-non-operated-interests playbook into a new country.
24 Feb 2026asset acquisition disposition▲ GoodMajor
Northern Oil & Gas closed the Utica Shale acquisition with Infinity Natural Resources, but on revised terms: Northern's share was cut from 49% to 40% (about $480 million total) as Infinity took a larger 60% stake just before closing. Northern's borrowing base was raised to $1.975 billion in connection with the deal.
8 Dec 2025material agreement▲ GoodMajor
Northern Oil & Gas agreed to enter a fifth basin, partnering with Infinity Natural Resources to jointly buy Antero Resources' Utica Shale (Ohio) upstream and midstream assets for a combined $1.2 billion - Northern's planned 49% share coming to about $588 million.
10 Nov 2025debt financing▲ GoodMajor
Northern Oil & Gas fully replaced its credit facility again, extending the maturity to November 2030 while holding the borrowing base at $1.8 billion and lender commitments at $1.6 billion.
1 Oct 2025debt financing▲ GoodMajor
Northern Oil & Gas refinanced at a better rate, issuing $725 million of new 7.875% notes due 2033 - a lower coupon than its 2021 and 2023 notes - and using the proceeds to buy back $685 million of its higher-cost 8.125% 2028 notes.
18 June 2025capital raising announcement▲ Good
Northern Oil and Gas sold $200 million of additional 3.65% convertible notes due 2029 at 105.597% of face value, including $25 million from the initial purchasers' option. They were issued under the 2022 indenture alongside the original $500 million of notes.
1 May 2025debt financing▲ Good
Northern Oil & Gas's lenders reaffirmed its $1.8 billion borrowing base and raised committed capacity to $1.6 billion, adding CIBC Capital Markets as a new lender in the syndicate.
2 Oct 2024asset acquisition disposition▲ GoodMajor
Northern Oil & Gas closed its 20% stake in the Uinta Basin assets alongside SM Energy for about $511.2 million, completing its entry into a fourth operating basin.
28 June 2024material agreement▲ GoodMajor
Northern Oil & Gas moved into a fourth basin, agreeing to partner with SM Energy to buy XCL's Uinta Basin (Utah) oil and gas assets - Northern taking a 20% interest for about $510 million, extending its co-investment model beyond the Williston, Appalachian and Permian basins.
30 Apr 2024debt financing▲ Good
Northern Oil & Gas's borrowing base held at $1.8 billion at its scheduled bank review, with lender commitments increased to $1.5 billion.
15 Aug 2023asset acquisition disposition▲ GoodMajor
Northern Oil & Gas closed its one-third share of the Novo Delaware Basin assets for about $468.4 million, with partner Earthstone Energy Holdings taking the rest.
4 Aug 2023debt financing▲ GoodMajor
Ahead of closing the Novo deal, Wells Fargo agreed to raise Northern Oil & Gas's borrowing base to $1.8 billion. Separately, the company formally terminated its governance agreement with TRT Holdings and Robert Rowling entirely, ending a relationship dating back to the 2018 debt restructuring.
16 June 2023material agreement▲ GoodMajor
Northern Oil & Gas agreed to team up with Earthstone Energy Holdings again, this time to jointly buy Novo Oil & Gas's Delaware Basin (Permian) assets - Northern taking a one-third interest for about $500 million, continuing its now-familiar playbook of co-investing alongside an operating partner.
19 May 2023debt financing▲ GoodMajor
Northern Oil & Gas raised $500 million through new 8.75% senior notes due 2031, adding to its debt stack as it kept funding acquisitions across its growing basin footprint.
9 Jan 2023asset acquisition disposition▲ GoodMajor
Northern Oil & Gas closed the MPDC Midland Basin deal, upsizing its stake in the Mascot project from 36.7% to nearly 40% and paying $320 million of a total $359.2 million price.
14 Nov 2022security holder rights change▲ GoodMajor
Wells Fargo raised Northern Oil & Gas's borrowing base from $1.3 billion to $1.6 billion, and the elected commitment from $850 million to $1.0 billion. The company also amended the Veritas warrants so holders could pay the exercise price by having shares withheld (cashless exercise).
8 Nov 2022capital raising announcement▲ GoodMajor
Northern Oil and Gas mandatorily converted all of its remaining Series A Preferred Stock into common stock plus cash (1.64 million preferred shares into about 7.4 million common shares), eliminating preferred stock from its capital structure entirely and completing the deleveraging arc that began with the 2018 restructuring.
19 Oct 2022material agreement▲ GoodMajor
Northern Oil & Gas agreed to buy into the Permian Basin again, this time a stake in MPDC's Midland Basin "Mascot" development project for $330 million.
17 Oct 2022capital raising announcement▲ GoodMajor
Northern Oil and Gas raised $500 million through its first convertible senior notes offering (3.625% due 2029, upsized from a $435 million base deal on strong demand) - a new, lower-cost financing tool reflecting its improved credit standing four years after the 2018 restructuring.
23 June 2022capital raising announcement● Neutral
A holder of warrants issued in Northern Oil and Gas's 2021 Reliance Marcellus acquisition (its first Appalachia deal) exchanged them, cashless, for about 2.3 million shares - routine cleanup of prior deal consideration.
8 June 2022debt financing▲ GoodMajor
Reflecting its growth into a multi-basin producer, Northern Oil & Gas replaced its credit facility with a new $2.5 billion Wells Fargo-led agreement, an initial $1.3 billion borrowing base and $850 million in lender commitments - roughly double what it had just two years earlier.
2 Mar 2022listing compliance notice▼ BadMajor
NORTHERN OIL & GAS, INC.'s securities were notified for removal from listing and registration on its exchange.
25 Feb 2022material agreement● Neutral
Northern Oil & Gas filed an 8-K/A to fix a header coding error in its February 22 report. The original reported a new TRT governance agreement cutting TRT's board nominees from three to one, with board rights ending if TRT's stake falls below 5%.
14 Feb 2022listing compliance notice▲ GoodMajor
the exchange certified NORTHERN OIL & GAS, INC.'s securities for listing, clearing them to begin trading.
14 Feb 2022listing compliance notice▲ GoodMajor
Northern Oil & Gas's stock was approved to move up from the NYSE American to the main New York Stock Exchange board, a symbolic milestone in the company's turnaround from its 2018 debt restructuring to a larger, more diversified producer.
31 Jan 2022asset acquisition disposition▲ GoodMajor
Northern Oil & Gas closed its purchase of Veritas's non-operated Permian Basin assets, paying $419.4 million in cash plus 1,939,998 warrants at $28.30. The cash was funded with revolving credit facility borrowings.
16 Nov 2021capital raising announcement▲ GoodMajor
Northern Oil & Gas agreed to buy non-operated Permian Basin assets from Veritas-affiliated entities for $406.5 million in cash plus about 1.9 million warrants struck at $28.30, as it returned its focus to the Delaware Basin. Closing was expected in the first quarter of 2022.
16 Nov 2021asset acquisition disposition▲ GoodMajor
Northern Oil & Gas closed the Comstock Oil & Gas purchase, paying $154 million cash for about 66 net producing Williston Basin wells across four North Dakota counties.
15 Nov 2021debt financing▲ GoodMajor
Northern Oil & Gas issued an additional $200 million of 8.125% senior notes due 2028, adding to the existing $550 million, and planned to use the proceeds to repay part of its revolving credit facility borrowings.
