Skip to main content Scotia Howard Weil Conference – Northern Oil and Gas, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Scotia Howard Weil Conference – Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc. · Mar 28, 2017 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 1
    March 2017 NYSE MKT: NOG
  2. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 2
    Position: 155,016 net acres(1) Large net well inventory 80% held, 83% held in North Dakota(1) Production: 4Q 2016 averaged 13,688 BOE/d, 85% crude 213.1 net producing wells (2,914 gross)(1) 13.4 net wells-in-process(1) Hedges…
  3. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 3
    Foundation for Continued Growth and Value Creation Northern Net Acreage Summary (2) 13% 17% 20% 80% 83% 87% Montana North Dakota Total % Held (1) Total % Non-Held ND % Held (1) ND % Non-Held Net Acres By County Total…
  4. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 4
    Number of Net Locations by Commodity Price 607 557 466 325 50 WTI 60 WTI 70 WTI 80 WTI 3.00 HH 3.00 HH 3.00 HH 3.00 HH Sizeable inventory of undrilled locations that have a breakeven price at or above the indicated…
  5. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 5
    Increasing Mix of High Intensity Completions 100% 90% 80% 70% 60% 50% 100% 89% 90% 40% 79% 30% 59% 62% 56% 20% 39% 42% 10% 0% Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q2 '16 Q3 '16 Q4 '16 High Intensity Base…
  6. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 6
    Decreased Costs & Increased Reserves Average EUR Average AFE 1000 10 8.9 900 826 9 8.5 802 794 8.0 800 752 765 8 7.5 7.6 7.3 7.1 725 706 6.9 6.8 700 633 7 571 593 600 566 6 518 (MM) MBoe 500 460 469 464 5 425…
  7. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 7
    Increasing Well Productivity 240,000 2012 - 2014 Cum 2015 Cum 220,000 2016 Cum 200,000 700 Mboe TC 180,000 800 Mboe TC 900 Mboe TC Cum Production (Boe) 160,000 140,000 120,000 100,000 80,000 60,000 40,000…
  8. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 8
    Economics by EUR & Commodity Price 106% 900 Mboe: 7MM CWC 100% 800 Mboe: 7MM CWC 700 Mboe: 7MM CWC 78% 80% 64% 60% IRR 48% 60% 40% 35% 26% 38% 20% 21% 0% 50 WTI 60 WTI 70 WTI 3.00 HH 3.00 HH 3.00 HH 9 Source:…
  9. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 9
    Annual Production vs Capital Expenditures 537.5 536.9 510 16000 16,285 439.1 15,794 414.0 13,933 410 13,552 13,442 13,688 13,653 13,700 12000 Annual Production (Boepd) Cap-ex in millions 12,261 310 10,274 8000…
  10. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 10
    Northern closed an acquisition in October 2016 8.9 million purchase price Outline of leasehold acquired Average net production of 375 Boepd* 3.9 net wells 3.8 net PDP wells 0.1 net PDNP wells 10.1 net potential…
  11. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 11
    Protecting Liquidity and Cash Flows Swaps(1) Collars(1) Weighted Weighted Contract Volume Average Price Volume Average Price Period (Bbls) (per Bbl) (Bbls) (per Bbl) 2017: 1Q 630,000 51.74 75,000 50.00 - 60.06 2Q 631,000 51.75…
  12. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 12
    Takeaway Options Takeaway Capacity (Mbopd) (1) 3,000 2,500 2,000 1,500 1,000 500 - Pipeline/Refining Rail Basin Production NDIC Production Forecast Current Pipeline and rail provide multiple destinations…
  13. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 13
    Capital Expenditures(1) & Production 600 15,794 16,285 18,000 Capital Expenditures ( millions) 16,000 Ave Daily Production (Boe) 500 13,653 13,700 537 14,000 Production: 400 12,000 10,000 Total Production 5.0 MMBoe 300…
  14. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 14
    Natural Non-op Unmatched non-op position comprised of approximately 156,000 net acres of largely HBP acreage Consolidator in Participated in approximately 20% of gross wells drilled and completed Williston to the Bakken & Three Forks;…
  15. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 15
    Year Ended December 31, Production: 2012 2013 2014 2015 2016 Oil (MBbls) 3,465.3 4,046.7 5,150.9 5,168.7 4,325.9 Natural Gas and NGLs 1,768.9 2,572.3 3,682.8 4,651.6 4,026.9 Total Production (Mboe) 3,760.1 4,475.4 5,764.7 5.944.0…
  16. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 16
    December 31, ('s in millions) 2012 2013 2014 2015 2016 Assets Current assets 94.2 104.4 226.0 128.8 46.9 Property and equipment, net 1,083.2 1,397.3 1,761.9 589.3 376.2 Other assets 13.5 17.9 38.8 15.8 8.4 Total Assets 1,190.9…
  17. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 17
    Quarter Ended December 31, September 30, June 30, March 31, (In thousands) 2016 2016 2016 2016 Net Income (Loss) (12,330) (46,619) (108,979) (126,566) Add Back: Interest Expense 16,195 16,145 16,046 16,098 Income Tax Benefit…
  18. Scotia Howard Weil Conference – Northern Oil and Gas, Inc. – slide 18
    2016 2015 2014 2013 2012 (In Thousands) Net (Loss) Income (293,494) (975,355) 163,746 53,067 72,285 Add Back: Interest Expense 64,484 58,360 42,106 32,709 13,875 Income Tax Provision (Benefit) (1,402) (202,424) 99,367 31,768…

From the store

Browse maps, data & reports in the Shale Experts store