Northern Oil & Gas Inc. Expands Hedging Program and Increases Capital Deployment for Acquisition and Development to Add Wells and Acreage Across Multiple Basins Through 2026

Reuters
18 hours ago
Northern Oil & Gas Inc. Expands Hedging Program and Increases Capital Deployment for Acquisition and Development to Add Wells and Acreage Across Multiple Basins Through 2026

Northern Oil & Gas Inc. announced plans to continue its strategy of protecting its capital program by periodically entering into financial derivative instruments to lock in future commodity prices on a portion of its expected production. The company has expanded its hedging portfolio, with an average of over 45,000 barrels per day of oil and more than 285 MMBtu per day of natural gas hedged for the first half of 2026, and similar volumes hedged for the full year. Additionally, Northern Oil & Gas indicated ongoing investment in acquisition and development capital, with the deployment of approximately $173.5 million across 84 ground game transactions in 2025, resulting in the addition of 12.8 net wells and over 12,000 net acres, and the creation of over 65 net incremental locations across all active basins.

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