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March 2020 Investor Presentation – Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc. · Mar 12, 2020 · 19 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. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 1
    NYSE American: NOG MARCH 2020 PRESENTATION NYSE American: NOG
  2. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 2
    KEY TAKEAWAYS: Q419 AND POST-3/9 MARKET CRASH NYSE American: NOG Northern has prepared to face the environment seen today 75% hedged in 2020, 58/bbl 1 SIGNIFICANTLY HEDGED 50% hedged in 2021, 55/bbl 100MM of FCF(1) expected in…
  3. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 3
    75% OF 2020 OIL HEDGED 58/BBL NYSE American: NOG Northern continues to execute a strategy built CRUDE OIL DERIVATIVE PRICE SWAPS around the safeguard of Contract Period Barrels Per Day (Bbls/d) Total Hedged Volumes (Bbls) Weighted…
  4. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 4
    Q4/Q1 BALANCE SHEET MOVES: REDUCED DEBT & INT. COST NYSE American: NOG Balance Sheet Improvement Maturity Schedule (MM) 1,300 Key Takeaways: 9/30/19 12/31/19 PF(1) 50%+ reduction of highest cost, most Total Debt Total Debt 1,100…
  5. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 5
    DRIVEN BY STRONG OPERATING PARTNERS IN 2020 NYSE American: NOG Leverage to some of the best performing operators in the Williston Basin % OF NET PRODUCING WELLS BY OPERATOR OTHERS…
  6. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 6
    2020 WELLS IN PROCESS ARE IN STRONG AREAS NYSE American: NOG The 2020 program is defined and focused in core areas Williston Basin Core NOGS DATA ADVANTAGE NORTHERN HAS 40% PARTICIPATED IN 40% OF WELLS EVER DRILLED IN THE…
  7. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 7
    OUR WELL PERFORMANCE REMAINS CONSISTENTLY STRONG NYSE American: NOG Completions technology and high-grading of well locations has led to improved well recovery across the basin INCREASING WELL PRODUCTIVITY 2015 Cum (1) HIGHER…
  8. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 8
    WHY INVEST IN NORTHERN OIL & GAS IN 2020 NYSE American: NOG 100MM OF FCF(1) IN 2020 WITH OIL AT 35/BBL FREE CASH FLOW BEST-IN-CLASS 2020 FCF YIELD CURRENTLY 25% 2020 AND 2021 HEDGE 75% HEDGED IN 2020 AT PRICES 58/bbl BOOK 50%…
  9. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 9
    NYSE American: NOG GENERAL OVERVIEW
  10. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 10
    WILLISTON BASIN CORE IS OUR NON-OP HOME NYSE American: NOG Portfolio of high-quality acreage in the heart of the basin with interests in over 6,000 gross Bakken/Three Forks oil wells NET ACREAGE SUMMARY 9% 9% 8% 182,854 NET…
  11. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 11
    THE NON-OPERATOR MODEL: WHAT WE DO NYSE American: NOG A flexible and moderated approach to E&P, offering capital discipline, cost control & protection from downside exposure We do not drill wells or We acquire minority working…
  12. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 12
    OUR CONSENT PROCESS: RETURNS + ENVIROMENTALLY DRIVEN NYSE American: NOG Northern's land & engineering teams review every well AFE to determine participation or non-consent WELL PROPOSAL AFE REVIEW COMMERCIAL ENVIRONMENTAL DECISION…
  13. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 13
    WILLISTON BASIN: NORTHERNS HOME FIELD NYSE American: NOG Northern is a pure-play Williston Basin company, with long-term relationships with premier operators and land owners Presence in basin since Northerns inception in 2006 7.4…
  14. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 14
    MGMT. ALIGNED WITH STAKEHOLDERS LIKE NO OTHER E&P NYSE American: NOG Northern is focused on what it means to be accountable TYPICAL E&P PEER NORTHERN 3.00 Cash G&A per Barrel 0.91 per boe Cash G&A in Q4 19 (ex severance costs)…
  15. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 15
    NYSE American: NOG FINANCIAL INFORMATION
  16. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 16
    ENHANCED RETURNS WITH DISCIPLINED CAPITAL ALLOCATION NYSE American: NOG Participation in the highest quality wells with stable AFE costs generates consistent production growth & higher IRRs CONSISTENTLY FUNDING ATTRACTIVE WELLS…
  17. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 17
    HISTORICAL OPERATING & FINANCIAL INFORMATION NYSE American: NOG HISTORICAL OPERATING INFORMATION YEAR ENDED DECEMBER 31, THREE MONTHS ENDED, 2014 2015 2016 2017 2018 2019 December 31, 2018 December 31, 2019 PRODUCTION Oil (MBbls)…
  18. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 18
    NON-GAAP RECONCILIATIONS: EBITDA & OTHER NYSE American: NOG ADJUSTED EBITDA BY YEAR (IN THOUSANDS) 2015 2016 2017 2018 2019 Net Income (Loss) (975,355) (293,494) (9,194) 143,689 (76,318) Add: Interest Expense 58,360 64,486 70,286…
  19. March 2020 Investor Presentation – Northern Oil and Gas, Inc. – slide 19
    NON-GAAP RECONCILIATIONS: ROCE & RECYCLE RATIO NYSE American: NOG 2019 Return on Capital Employed (ROCE) EBIT: 244MM + Adj. EBITDA: 454MM Capital EBIT Employed = 16.4% - DD&A: 210MM Capital Employed: 1,487 MM (2018-19 Avg.) +…

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