Business
NOG Provides Fourth Quarter Update
MINNEAPOLIS, February 10, 2026--NOG Provides Fourth Quarter Update
About this update from Northern Oil And Gas, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":682,"height":227,"url":"https://media.zenfs.com/en/business-wire.com/6a8f532c6734f5ae6d7ecaf59a562618"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/EP0PIAFW6AW9bEspFZwBAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMyMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/6a8f532c6734f5ae6d7ecaf59a562618","width":682,"height":227}},"lazy":false},{"type":"text","content":"MINNEAPOLIS, February 10, 2026--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) ("NOG" or the "Company") today provided an update on a number of business matters including fourth quarter hedging results, an update on ground game transactions and a non-cash impairment charge.","length":303,"tagName":"p"},{"type":"text","content":"BUSINESS UPDATE","length":15,"tagName":"p"},{"type":"text","content":"Unrealized mark-to-market gains on derivatives for the fourth quarter were an estimated $84.0 – $88.0 million, driven by changes to the value of the Company's derivatives portfolio. Realized hedge gains were an estimated $70.0 – $72.0 million, driven by the Company’s natural gas, crude oil and basis hedges.","length":312,"tagName":"p"},{"type":"text","content":"The Company continues to execute its policy of protecting its capital program by periodically entering into financial derivative instruments with counterparties to lock in future commodity prices on a portion of its expected production. NOG has added additional hedges since its third quarter report, including hedges to oil, natural gas and Waha, Midland-Cushing and M2 basis hedges. The Company currently has an average of over 45,000 barrels per day of oil hedged for the first half of 2026 and an average of over 40,000 barrels per day of oil hedged for full-year 2026, through a combination of swaps and collars. Additionally, NOG has an average of over 285 MMBtu per day of natural gas hedged for the first half of 2026 and an average of over 295 MMBtu per day of natural gas hedged for full-year 2026, through a combination of swaps and collars. An updated copy of the hedge tables can be found below.","length":908,"tagName":"p"},{"type":"text","content":"The following table summarizes NOG’s open crude oil derivative contracts scheduled to settle after Dece...