Northern Oil and Gas, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties,
primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations. The Company leases approximately 165,910 net acres, all located in the Williston Basin. The Company engages in oil exploration and production through non-operated working interests in wells drilled and completed in spacing units that include its acreage. The Company's proved reserves are approximately 65.3 million barrels of oil equivalent (MMBoe).
October 5, 2006
Richard WeberIndependent Chairman of the Board
Thomas StoelkInterim Chief Executive Officer, Chief Financial Officer
Erik RomsloExecutive Vice President, General Counsel, Secretary
Brandon ElliottExecutive Vice President - Corporate Development and Strategy
Chad AllenChief Accounting Officer, Corporate Controller
Lisa BromileyIndependent Director
Robert GrabbIndependent Director
Delos JamisonIndependent Director
Jack KingIndependent Director
Michael PopejoyIndependent Director
601 Carlson Pkwy Ste 990 Minnetonka, MN United States Phone: +1 952 476-9800 Fax: +1 952 476-9801 www.northernoil.com
Net income grew year over year last quarter from a loss of (U.S.)$2.08 per share to a gain of (U.S.) $0.27.
Northern Oil and Gas Inc has a net profit margin of -83.85%. Besides being negative, it is also below the industry average and implies that this company is not effective at turning revenues into bottom line profit. Company Books