Northern Oil & Gas Inc. has outlined its ongoing strategy to manage commodity price risk through financial hedging. Following its recent Ohio Utica joint acquisition, the company has increased its natural gas hedges for 2026 and 2027, now covering approximately 60% and 30%, respectively, of projected Q3 2025 annualized natural gas production on a pro forma basis for the Utica transaction. Additional selective natural gas hedges have been established for 2028 and 2029. The company has also implemented M2 and REX Z3 basis hedges. For oil, Northern Oil & Gas currently has over 35,400 barrels per day hedged with swap and collar structures for future periods. These actions are intended to support the company's capital program by providing greater price certainty for a portion of its expected production in the coming years.