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Northern Oil and Gas, Inc. Provides Second Quarter 2012 Production and Drilling Update

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Northern Oil and Gas, Inc., today provided a second quarter production and drilling update and oil derivative summary.

PRODUCTION UPDATE

Northern Oil expects to continue providing production updates on a going-forward basis shortly after the end of each fiscal quarter once the majority of quarterly production data becomes available. Given Northern Oil’s significant inventory of non-operated wells, management believes these continued quarterly updates will be an effective way to supplement the annual guidance previously provided.

Northern Oil expects second quarter 2012 production to increase approximately 20% compared to first quarter 2012, resulting in an average of approximately 10,200 barrels of oil equivalent per day. During the first two months of the quarter, the weighted average…

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