Northern Oil and Gas, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 05, 2022 at 04:15 pm EDT
Share
Northern Oil and Gas, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported negative revenue was USD 32.93 million compared to revenue of USD 21.4 million a year ago. Net loss was USD 206.56 million compared to USD 90.36 million a year ago. Basic loss per share from continuing operations was USD 2.92 compared to USD 1.73 a year ago. Diluted loss per share from continuing operations was USD 2.92 compared to USD 1.73 a year ago.
Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.
NORTHERN OIL AND GAS, INC. 
