Northern Oil & Gas, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

 Published On: Aug, 2016 |    No of Pages: 99 |  Published By: GlobalData | Format: PDF
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Summary

Northern Oil & Gas, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry’s players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 8
Key Information 8
Company Overview 8
Northern Oil & Gas, Inc., Valuation and Financial Data 9
Northern Oil & Gas, Inc., Share Price Performance 9
Share Price Performance, Q1, 2015-Q1, 2016 9
Northern Oil & Gas, Inc., Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Northern Oil & Gas, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12
Northern Oil & Gas, Inc., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Northern Oil & Gas, Inc., Quarterly Production Trends 14
Northern Oil & Gas, Inc., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15
Northern Oil & Gas, Inc., Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17
Northern Oil & Gas, Inc., Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19
Northern Oil & Gas, Inc., Valuation and Financial Data, 2011-2015 20
Northern Oil & Gas, Inc., Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Northern Oil & Gas, Inc., Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
Northern Oil & Gas, Inc., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 41
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 43
Northern Oil & Gas, Inc., Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2011-2015 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 47
Northern Oil & Gas, Inc., Results of Oil & Gas Operations Trend 51
Oil and Gas Revenue and Expenses 51
Oil and Gas Revenue and Expenses, 2011-2015 51
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 52
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2011-2015 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 58
Oil and Gas Performance Metrics 62
Northern Oil & Gas, Inc., Land Holdings and Well Data 63
Developed and Undeveloped Acreage 63
Gross and Net Developed and Undeveloped Acreage, 2011-2015 63
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 64
Well Statistics 67
Producible Oil and Gas Well, 2011-2015 67
Producible Oil and Gas Well, By Country/Region, 2011-2015 68
Exploration and Development Wells Drilled, 2011-2015 71
Exploration and Development Wells Drilled, By Country/Region, 2011-2015 72
Recent Developments 73
Northern Oil & Gas, Inc. - Recent Developments 73
May 09, 2016: Northern Oil And Gas Announces 2016 First Quarter Results And Borrowing Base Redetermination And Amendments Under Revolving Credit Facility 73
Mar 02, 2016: Northern Oil and Gas Announces 2015 Fourth Quarter And Full Year Results 75
Jan 29, 2016: Northern Oil And Gas Announces Appointment Of Chief Executive Officer And Chairman Of The Board 81
Nov 04, 2015: Northern Oil And Gas Announces 2015 Third Quarter Results 82
Oct 22, 2015: Northern Oil and Gas Announces Reaffirmation Of Its Borrowing Base At $550 Million 85
Aug 05, 2015: Northern Oil and Gas Announces 2015 Second Quarter Results 85
May 07, 2015: Northern Oil and Gas Announces 2015 First Quarter Results 88
Feb 26, 2015: Northern Oil and Gas Announces 2014 Fourth Quarter And Full Year Results 91
Appendix 97
Methodology 97
Coverage 97
Secondary Research 97
Primary Research 97
Data Information Sources 98
Company Source 98
SEC/Other Regulatory Filings 98
Other Sources 98
Expert Panel Validation 98
Data Definition 98
Oil and Gas Reserves 98
Units of Measure 99
About GlobalData 99
Disclosure 99
Disclaimer 99

List of Tables
Table 1: Northern Oil & Gas, Inc., Key Facts 8
Table 2: Northern Oil & Gas, Inc., Share Price Performance, Q1, 2015-Q1, 2016 9
Table 3: Northern Oil & Gas, Inc., Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Table 4: Northern Oil & Gas, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Table 5: Northern Oil & Gas, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12
Table 6: Northern Oil & Gas, Inc., Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Table 7: Northern Oil & Gas, Inc., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14
Table 8: Northern Oil & Gas, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Table 9: Northern Oil & Gas, Inc., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Table 10: Northern Oil & Gas, Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Table 11: Northern Oil & Gas, Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Table 12: Northern Oil & Gas, Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Table 13: Northern Oil & Gas, Inc., Share Price Performance, 2011-2015 20
Table 14: Northern Oil & Gas, Inc., Key Valuation Metrics, 2011-2015 21
Table 15: Northern Oil & Gas, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Northern Oil & Gas, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Northern Oil & Gas, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Northern Oil & Gas, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Northern Oil & Gas, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Northern Oil & Gas, Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Northern Oil & Gas, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Northern Oil & Gas, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Northern Oil & Gas, Inc., Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Northern Oil & Gas, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Northern Oil & Gas, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: Northern Oil & Gas, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: Northern Oil & Gas, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40
Table 28: Northern Oil & Gas, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Northern Oil & Gas, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Table 30: Northern Oil & Gas, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 44
Table 31: Northern Oil & Gas, Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Table 32: Northern Oil & Gas, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 50
Table 33: Northern Oil & Gas, Inc., Revenue and Expenses, US$ mil, 2011-2015 51
Table 34: Northern Oil & Gas, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 56
Table 35: Northern Oil & Gas, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 57
Table 36: Northern Oil & Gas, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 61
Table 37: Northern Oil & Gas, Inc., Oil and Gas Performance Metrics, 2011-2015 62
Table 38: Northern Oil & Gas, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 63
Table 39: Northern Oil & Gas, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 66
Table 40: Northern Oil & Gas, Inc., Producible Oil and Gas Wells, 2011-2015 67
Table 41: Northern Oil & Gas, Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 70
Table 42: Northern Oil & Gas, Inc., Exploratory and Developed Wells, 2011-2015 71
Table 43: Northern Oil & Gas, Inc., Exploratory and Developed Wells, By Country/Region, 2011-2015 72

List of Figures
Figure 1: Northern Oil & Gas, Inc., Share Price Performance, USD/Share, Q1, 2015-Q1, 2016 9
Figure 2: Northern Oil & Gas, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10
Figure 3: Northern Oil & Gas, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Figure 4: Northern Oil & Gas, Inc., Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13
Figure 5: Northern Oil & Gas, Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14
Figure 6: Northern Oil & Gas, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Figure 7: Northern Oil & Gas, Inc., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Figure 8: Northern Oil & Gas, Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Figure 9: Northern Oil & Gas, Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Figure 10: Northern Oil & Gas, Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Figure 11: Northern Oil & Gas, Inc., Share Price Performance, USD/Share, 2011-2015 20
Figure 12: Northern Oil & Gas, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Northern Oil & Gas, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Northern Oil & Gas, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: Northern Oil & Gas, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: Northern Oil & Gas, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: Northern Oil & Gas, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: Northern Oil & Gas, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Northern Oil & Gas, Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: Northern Oil & Gas, Inc., Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: Northern Oil & Gas, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: Northern Oil & Gas, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: Northern Oil & Gas, Inc., Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: Northern Oil & Gas, Inc., Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: Northern Oil & Gas, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: Northern Oil & Gas, Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: Northern Oil & Gas, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: Northern Oil & Gas, Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: Northern Oil & Gas, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: Northern Oil & Gas, Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: Northern Oil & Gas, Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: Northern Oil & Gas, Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 33: Northern Oil & Gas, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: Northern Oil & Gas, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43
Figure 35: Northern Oil & Gas, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43
Figure 36: Northern Oil & Gas, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 37: Northern Oil & Gas, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 45
Figure 38: Northern Oil & Gas, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 47
Figure 39: Northern Oil & Gas, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 47
Figure 40: Northern Oil & Gas, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 41: Northern Oil & Gas, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 42: Northern Oil & Gas, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 43: Northern Oil & Gas, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 44: Northern Oil & Gas, Inc., Revenue and Expenses, US$ mil, 2011-2015 51
Figure 45: Northern Oil & Gas, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 52
Figure 46: Northern Oil & Gas, Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 52
Figure 47: Northern Oil & Gas, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 48: Northern Oil & Gas, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 53
Figure 49: Northern Oil & Gas, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 50: Northern Oil & Gas, Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 54
Figure 51: Northern Oil & Gas, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 52: Northern Oil & Gas, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 57
Figure 53: Northern Oil & Gas, Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 58
Figure 54: Northern Oil & Gas, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 58
Figure 55: Northern Oil & Gas, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 56: Northern Oil & Gas, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 57: Northern Oil & Gas, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 58: Northern Oil & Gas, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 59: Northern Oil & Gas, Inc., Oil and Gas Performance Metrics, 2011-2015 62
Figure 60: Northern Oil & Gas, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 63
Figure 61: Northern Oil & Gas, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 64
Figure 62: Northern Oil & Gas, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 64
Figure 63: Northern Oil & Gas, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 65
Figure 64: Northern Oil & Gas, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 65
Figure 65: Northern Oil & Gas, Inc., Producible Oil and Gas Wells, 2011-2015 67
Figure 66: Northern Oil & Gas, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 67: Northern Oil & Gas, Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 68
Figure 68: Northern Oil & Gas, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 69
Figure 69: Northern Oil & Gas, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 70: Northern Oil & Gas, Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 70
Figure 71: Northern Oil & Gas, Inc., Exploratory and Developed Wells, 2011-2015 71


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