| 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 $550 million borrowing base. "Capital discipline, combined with our exposure to the core of the Williston Basin, supported the reaffirmation of our borrowing base," commented Northern's Chairman and Chief Executive Officer, Michael Reger. "The financial flexibility of our business model and the discipline we are showing through our capital allocation process gave our lenders the confidence they needed to maintain our borrowing base. We appreciate the continued support provided by the entire syndicate of banks in our facility." ABOUT NORTHERN OIL AND GAS Northern Oil and Gas, Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana. More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com. CONTACT: Brandon Elliott
EVP, Corporate Development and Strategy
952-476-9800
Belliott@northernoil.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/northern-oil-and-gas-inc-announces-reaffirmation-of-its-borrowing-base-at-550-million-300164093.html
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Northern Oil and Gas Inc.
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CODE : NOG |
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ISIN : US6655311099 |
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Northern Oil and Gas est une société basée aux Etats-Unis D'Amerique. Northern Oil and Gas détient divers projets d'exploration en USA. Ses principaux projets en exploration sont BAKKEN SHALE, MONTANA RED RIVER et TRENTON/BLACK RIVER en USA. Northern Oil and Gas est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,9 milliards US$ (2,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 20 mars 2020 à 0,50 US$, et son plus haut niveau récent le 29 avril 2024 à 43,40 US$. Northern Oil and Gas possède 65 944 133 actions en circulation. |