Northern Oil & Gas (NOG) Good News - July 24

[dan_s]

In June 2025, the Company entered into a settlement and mutual release agreement (the “Settlement Agreement”) with an operator in North Dakota (the “Operator”). Pursuant to the Settlement Agreement, the Operator and the Company have settled and permanently released certain claims of the Company relating to certain post-production costs previously deducted from revenues. Pursuant to the settlement, the Company will receive approximately $81.7 million, recorded within Oil and Gas Sales in its June 30, 2025, condensed statements of operations. The Company expects to receive a net cash settlement of $48.6 million after deducting approximately $33.1 million in legal settlement expenses. The cash proceeds are expected to be received in the third quarter of 2025.

NOG also announced additional hedges that reduce its oil & gas price risk. Read press release below.

https://noginc.com/investor-relations/investor-news/news-details/2025/NOG-Provides-Update-on-Second-Quarter-Hedging-Results-Ground-Game-Progress-and-Other-Matters/default.aspx

Bottomline: NOG's reported Net Income for Q2 2025 will be much higher than my forecast.