| Northern Oil and Gas, Inc. Announces Reaffirmation of its Borrowing Base at $550 million | |
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WAYZATA, Minn., Oct. 22, 2015 /PRNewswire/ -- Northern Oil and Gas, Inc. (NYSE MKT: NOG) ("Northern") today announced that, during the semi-annual redetermination period under Northern's revolving credit facility, its bank syndicate group reaffirmed and maintained the existing $550 million borrowing base. "Capital discipline, combined with our exposure to the core of the Williston Basin, supported the reaffirmation of our borrowing base," commented Northern's Chairman and Chief Executive Officer, Michael Reger. "The financial flexibility of our business model and the discipline we are showing through our capital allocation process gave our lenders the confidence they needed to maintain our borrowing base. We appreciate the continued support provided by the entire syndicate of banks in our facility." ABOUT NORTHERN OIL AND GAS Northern Oil and Gas, Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana. More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com. CONTACT: Brandon Elliott EVP, Corporate Development and Strategy 952-476-9800 Belliott@northernoil.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/northern-oil-and-gas-inc-announces-reaffirmation-of-its-borrowing-base-at-550-million-300164093.html
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Northern Oil and Gas Inc.
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CODE : NOG |
ISIN : US6655311099 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northern Oil and Gas is based in United states of america. Northern Oil and Gas holds various exploration projects in USA. Its main exploration properties are BAKKEN SHALE, MONTANA RED RIVER and TRENTON/BLACK RIVER in USA. Northern Oil and Gas is listed in United States of America. Its market capitalisation is US$ 2.8 billions as of today (€ 2.7 billions). Its stock quote reached its lowest recent point on March 20, 2020 at US$ 0.50, and its highest recent level on April 25, 2024 at US$ 43.06. Northern Oil and Gas has 65 944 133 shares outstanding. |