Northern Oil & Gas Inc Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 96 |  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 7
Key Information 7
Company Overview 7
Northern Oil & Gas Inc, Valuation and Financial Data 8
Northern Oil & Gas Inc, Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Northern Oil & Gas Inc, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Northern Oil & Gas Inc, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2016-Q1, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2016-Q1, 2017 11
Northern Oil & Gas Inc, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Northern Oil & Gas Inc, Quarterly Production Trends 13
Northern Oil & Gas Inc, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 14
Northern Oil & Gas Inc, Crude Oil Production 15
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 15
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 16
Northern Oil & Gas Inc, Natural Gas Production 17
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 17
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 18
Northern Oil & Gas Inc, Valuation and Financial Data, 2012-2016 19
Northern Oil & Gas Inc, Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Northern Oil & Gas Inc, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 23
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 26
Crude Oil Production and Reserves By Country/Region, 2012-2016 27
Crude Oil/Liquids Reserve Changes, 2012-2016 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2012-2016 30
Natural Gas Production and Reserves, By Country/Region, 2012-2016 31
Natural Gas Reserve Changes, 2012-2016 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 35
Northern Oil & Gas Inc, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2012-2016 37
Acquisition Costs By Country/Region, 2012-2016 38
Exploration and Development Costs, By Country/Region, 2012-2016 40
Oil and Gas Cost Per boe, US$/boe 41
Oil and Gas Cost Per boe, US$/boe, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 43
Northern Oil & Gas Inc, Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2012-2016 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 48
Northern Oil & Gas Inc, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2012-2016 52
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 54
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2012-2016 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 58
Oil and Gas Performance Metrics 61
Northern Oil & Gas Inc, Land Holdings and Well Data 62
Developed and Undeveloped Acreage 62
Gross and Net Developed and Undeveloped Acreage, 2012-2016 62
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 63
Well Statistics 66
Producible Oil and Gas Well, 2012-2016 66
Producible Oil and Gas Well, By Country/Region, 2012-2016 67
Exploration and Development Wells Drilled, 2012-2016 70
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 71
Recent Developments 72
Northern Oil & Gas Inc - Recent Developments 72
Aug 08, 2017: Northern Oil And Gas Announces 2017 Second Quarter Results 72
Jul 24, 2017: Northern Oil And Gas Appoints Bahram Akradi To Board Of Directors 74
May 08, 2017: Northern Oil And Gas Announces 2017 First Quarter Results And Borrowing Base Redetermination Under Revolving Credit Facility 75
Mar 01, 2017: Northern Oil and Gas Announces 2016 Fourth Quarter And Full Year Results 79
Jan 27, 2017: Northern Oil and Gas appoints new board member 85
Nov 08, 2016: Northern Oil and Gas Announces 2016 Third Quarter Results And Reaffirmation Of $350 Million Borrowing Base Under Revolving Credit Facility 85
Oct 31, 2016: NOG: Michael Reger Settles SEC Administrative Proceedings 88
Aug 16, 2016: Northern Oil and Gas Announces Executive Officer Changes; Tom Stoelk Named Interim Chief Executive Officer; Discloses Ongoing Strategic Evaluation 88
Aug 11, 2016: Northern Oil and Gas Announces Michael Frantz Of TRT Holdings To Join Board Of Directors 89
Aug 04, 2016: Northern Oil And Gas Announces 2016 Second Quarter Results 89
Appendix 93
Methodology 93
Coverage 93
Secondary Research 93
Primary Research 94
Data Information Sources 94
Company Source 94
SEC/Other Regulatory Filings 94
Other Sources 94
Expert Panel Validation 94
Data Definition 95
Oil and Gas Reserves 95
Units of Measure 95
About GlobalData 96
Disclosure 96
Disclaimer 96

List of Tables
Table 1: Northern Oil & Gas Inc, Key Facts 7
Table 2: Northern Oil & Gas Inc, Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Northern Oil & Gas Inc, Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Northern Oil & Gas Inc, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Northern Oil & Gas Inc, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Northern Oil & Gas Inc, Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Northern Oil & Gas Inc, Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 13
Table 8: Northern Oil & Gas Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 14
Table 9: Northern Oil & Gas Inc, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 15
Table 10: Northern Oil & Gas Inc, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 16
Table 11: Northern Oil & Gas Inc, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 17
Table 12: Northern Oil & Gas Inc, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 18
Table 13: Northern Oil & Gas Inc, Share Price Performance, 2012-2016 19
Table 14: Northern Oil & Gas Inc, Key Valuation Metrics, 2012-2016 20
Table 15: Northern Oil & Gas Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Northern Oil & Gas Inc, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Northern Oil & Gas Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Northern Oil & Gas Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Northern Oil & Gas Inc, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Northern Oil & Gas Inc, Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: Northern Oil & Gas Inc, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: Northern Oil & Gas Inc, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: Northern Oil & Gas Inc, Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: Northern Oil & Gas Inc, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: Northern Oil & Gas Inc, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 36
Table 26: Northern Oil & Gas Inc, Upstream Capital Expenditure, US$ mil, 2012-2016 37
Table 27: Northern Oil & Gas Inc, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Table 28: Northern Oil & Gas Inc, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 40
Table 29: Northern Oil & Gas Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 42
Table 30: Northern Oil & Gas Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 44
Table 31: Northern Oil & Gas Inc, Oil and Gas Production Replacement Ratio, %, 2012-2016 46
Table 32: Northern Oil & Gas Inc, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 51
Table 33: Northern Oil & Gas Inc, Revenue and Expenses, US$ mil, 2012-2016 53
Table 34: Northern Oil & Gas Inc, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 56
Table 35: Northern Oil & Gas Inc, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Table 36: Northern Oil & Gas Inc, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 60
Table 37: Northern Oil & Gas Inc, Oil and Gas Performance Metrics, 2012-2016 61
Table 38: Northern Oil & Gas Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 62
Table 39: Northern Oil & Gas Inc, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 65
Table 40: Northern Oil & Gas Inc, Producible Oil and Gas Wells, 2012-2016 66
Table 41: Northern Oil & Gas Inc, Producible Oil and Gas Wells, By Country/Region, 2012-2016 69
Table 42: Northern Oil & Gas Inc, Exploratory and Developed Wells, 2012-2016 70
Table 43: Northern Oil & Gas Inc, Exploratory and Developed Wells, By Country/Region, 2012-2016 71

List of Figures
Figure 1: Northern Oil & Gas Inc, Share Price Performance, USD/Share, Q1, 2016-Q1, 2017 8
Figure 2: Northern Oil & Gas Inc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: Northern Oil & Gas Inc, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: Northern Oil & Gas Inc, Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: Northern Oil & Gas Inc, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: Northern Oil & Gas Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 14
Figure 7: Northern Oil & Gas Inc, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 15
Figure 8: Northern Oil & Gas Inc, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 16
Figure 9: Northern Oil & Gas Inc, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 17
Figure 10: Northern Oil & Gas Inc, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 18
Figure 11: Northern Oil & Gas Inc, Share Price Performance, USD/Share, 2012-2016 19
Figure 12: Northern Oil & Gas Inc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 20
Figure 13: Northern Oil & Gas Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 21
Figure 14: Northern Oil & Gas Inc, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 23
Figure 15: Northern Oil & Gas Inc, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 23
Figure 16: Northern Oil & Gas Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 25
Figure 17: Northern Oil & Gas Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Figure 18: Northern Oil & Gas Inc, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 27
Figure 19: Northern Oil & Gas Inc, Oil Production, By Country/Region, mmbbl, 2012-2016 27
Figure 20: Northern Oil & Gas Inc, Crude Oil Reserve Changes, mmbbl, 2016 29
Figure 21: Northern Oil & Gas Inc, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Figure 22: Northern Oil & Gas Inc, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 31
Figure 23: Northern Oil & Gas Inc, Gas Production, By Country/Region, bcf, 2012-2016 31
Figure 24: Northern Oil & Gas Inc, Natural Gas Reserve Changes, bcf, 2016 33
Figure 25: Northern Oil & Gas Inc, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Figure 26: Northern Oil & Gas Inc, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 35
Figure 27: Northern Oil & Gas Inc, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 35
Figure 28: Northern Oil & Gas Inc, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 29: Northern Oil & Gas Inc, Upstream Capital Expenditure, US$ mil, 2012-2016 37
Figure 30: Northern Oil & Gas Inc, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 38
Figure 31: Northern Oil & Gas Inc, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 38
Figure 32: Northern Oil & Gas Inc, Development Costs, By Country/Region, US$ mil, 2012-2016 40
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$/boe, 2012-2016 41
Figure 34: Northern Oil & Gas Inc, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 43
Figure 35: Northern Oil & Gas Inc, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 43
Figure 36: Northern Oil & Gas Inc, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 45
Figure 37: Northern Oil & Gas Inc, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 48
Figure 38: Northern Oil & Gas Inc, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 48
Figure 39: Northern Oil & Gas Inc, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 49
Figure 40: Northern Oil & Gas Inc, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 49
Figure 41: Northern Oil & Gas Inc, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 50
Figure 42: Northern Oil & Gas Inc, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 50
Figure 43: Northern Oil & Gas Inc, Revenue and Expenses, US$ mil, 2012-2016 52
Figure 44: Northern Oil & Gas Inc, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 54
Figure 45: Northern Oil & Gas Inc, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 54
Figure 46: Northern Oil & Gas Inc, Production Costs, By Country/Region, US$ mil, 2012-2016 55
Figure 47: Northern Oil & Gas Inc, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 55
Figure 48: Northern Oil & Gas Inc, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Figure 49: Northern Oil & Gas Inc, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 58
Figure 50: Northern Oil & Gas Inc, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 58
Figure 51: Northern Oil & Gas Inc, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 59
Figure 52: Northern Oil & Gas Inc, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 59
Figure 53: Northern Oil & Gas Inc, Oil and Gas Performance Metrics, 2012-2016 61
Figure 54: Northern Oil & Gas Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 62
Figure 55: Northern Oil & Gas Inc, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 63
Figure 56: Northern Oil & Gas Inc, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 63
Figure 57: Northern Oil & Gas Inc, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 64
Figure 58: Northern Oil & Gas Inc, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 64
Figure 59: Northern Oil & Gas Inc, Producible Oil and Gas Wells, 2012-2016 66
Figure 60: Northern Oil & Gas Inc, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 67
Figure 61: Northern Oil & Gas Inc, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 67
Figure 62: Northern Oil & Gas Inc, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 68
Figure 63: Northern Oil & Gas Inc, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 68
Figure 64: Northern Oil & Gas Inc, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 69
Figure 65: Northern Oil & Gas Inc, Exploratory and Developed Wells, 2012-2016 70


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