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Acquisition Presentation – Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc. · Apr 22, 2019 · 13 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. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 1
    NYSE American: NOG ACQUISITION - FLYWHEEL BAKKEN, LLC APRIL 2019 NYSE American: NOG
  2. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 2
    ACQUISITION SUMMARY NYSE American: NOG A logical and accretive acquisition, enhancing Northerns capital efficiency and regional influence Northern to acquire Williston Basin properties of VEN Bakken, LLC (Seller), a wholly-owned…
  3. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 3
    WILLISTON ACREAGE IN THE CORE OF THE PLAY NYSE American: NOG Northern further crystalizing its identity as the largest pure play Williston non-operator DEEPENS NORTHERNS INVENTORY IN THE CORE OF THE WILLISTON BASIN BROADENS…
  4. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 4
    STRONG ASSETS WITH RUNNING ROOM NYSE American: NOG Flywheel is a self-funding asset with significant growth potential FLYWHEEL ASSETS BASE VALUE OIL IN PLACE DEVELOPMENT Proved Developed PV-10 of 40.4 million Boe of 47.5 net…
  5. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 5
    FLYWHEEL ASSET FOUR YEAR FREE CASH FLOW PROFILE NYSE American: NOG Northern estimates for Flywheel assets based on a conservative long term drill schedule SUPPORTS PER SHARE INCREASE TO POTENTIAL DELEVERAGING CASH FLOW GROWTH…
  6. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 6
    LEVERAGE STAYS IN CHECK NYSE American: NOG Leverage remains within Northerns target…
  7. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 7
    BUILDING THE CASH STACK NYSE American: NOG Doing what we said we would do: acquisitions that are accretive to our free cash flow profile NOG Flywheel Illustrative Values in mm unless otherwise % stated 4Q 2018 LQA(1) 2H 2019E…
  8. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 8
    RISK MANAGEMENT NYSE American: NOG Company has expanded its hedge profile and will assume additional hedges from Flywheel upon closing Crude Oil Derivative Basis Swaps (1) Northern Standalone Pro Forma with Flywheel Weighted Average…
  9. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 9
    NYSE American: NOG NYSE American: NOG APPENDIX
  10. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 10
    HISTORICAL OPERATING & FINANCIAL INFORMATION NYSE American: NOG HISTORICAL OPERATING INFORMATION YEAR ENDED DECEMBER 31, 2013 2014 2015 2016 2017 2018 PRODUCTION Oil (MBbls) 4,046.7 5,150.9 5,168.7 4,325.9 4,537.3 7,790.2 Natural…
  11. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 11
    NON-GAAP RECONCILIATIONS NYSE American: NOG ADJUSTED EBITDA BY YEAR (IN THOUSANDS) 2014 2015 2016 2017 2018 Net Income (Loss) 163,746 (975,355) (293,494) (9,194) 143,689 Add: Interest Expense 42,106 58,360 64,486 70,286 86,005…
  12. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 12
    NON-GAAP RECONCILIATIONS NYSE American: NOG Other Non-GAAP Metrics by Quarter (IN THOUSANDS) 4Q17 1Q18 2Q18 3Q18 4Q18 4Q18 Annualized Operating Cash Flow, ex W/C Cash Flow from Operating Activities 117,846 471,384 Changes in…
  13. Acquisition Presentation – Northern Oil and Gas, Inc. – slide 13
    NYSE American: NOG

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