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Michael Reger, Northern Oil & Gas's Founder, President and Chairman Emeritus, is departing the company to pursue opportunities outside the Williston Basin.
Northern Oil & Gas is a non-op bakken company.
Reger commented: "It has been an honor and privilege to help build Northern into a top-tier oil producer in the Williston Basin over the last 13 years. I am particularly proud of what we have been able to accomplish during the past 18 months; successfully acquiring over $850 million of high-quality assets, recapitalizing and fortifying the balance sheet and growing current production to over 40,000 barrels of oil equivalent per day. Northern's go-forward positioning and return-of-capital strategy is ideally suited for the evolving preferences of public energy investors and I am confident that the management team and board will continue to deliver outstanding results."
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