$NOG
NORTHERN OIL & GAS, INC. Stock $nog

$nog Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000110448516000081 Filed on August 05, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$32.01M	$40.86M
YoY Change	-21.66%	-45.22%
Cost Of Revenue	$15.30M	$20.40M
YoY Change	-25.0%	-19.05%
Gross Profit	$16.70M	$20.40M
YoY Change	-18.14%	-58.7%
Gross Profit Margin	52.16%	49.92%
Selling, General & Admin	$4.600M	$4.300M
YoY Change	6.98%	7.5%
% of Gross Profit	27.54%	21.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$16.20M	$36.80M
YoY Change	-55.98%	-12.8%
% of Gross Profit	97.01%	180.39%
Operating Expenses	$124.9M	$343.4M
YoY Change	-63.62%	643.3%
Operating Profit	-$92.93M	-$302.5M
YoY Change	-69.28%	-9554.37%
Interest Expense	$16.05M	$14.39M
YoY Change	11.53%	-239.69%
% of Operating Profit
Other Income/Expense, Net	-$16.05M	-$14.39M
YoY Change	11.53%
Pretax Income	-$109.0M	-$316.9M
YoY Change	-65.61%	4301.77%
Income Tax	$0.00	-$66.87M
% Of Pretax Income
Net Earnings	-$109.0M	-$250.1M
YoY Change	-56.42%	5583.2%
Net Earnings / Revenue	-340.41%	-611.95%
Basic Earnings Per Share	-$1.78	-$4.12
Diluted Earnings Per Share	-$1.78	-$4.12
COMMON SHARES
Basic Shares Outstanding	61.18M shares	60.64M shares
Diluted Shares Outstanding	61.18M shares	60.64M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.700M	$7.100M
YoY Change	-47.89%	-50.35%
Cash & Equivalents	$3.667M	$7.112M
Short-Term Investments
Other Short-Term Assets	$15.40M	$86.10M
YoY Change	-82.11%	274.35%
Inventory
Prepaid Expenses
Receivables	$40.56M	$82.40M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$59.59M	$175.6M
YoY Change	-66.06%	36.97%
LONG-TERM ASSETS
Property, Plant & Equipment	$396.9M	$1.116B
YoY Change	-64.43%	-29.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$8.901M	$47.40M
YoY Change	-81.22%	213.91%
Total Long-Term Assets	$405.8M	$1.163B
YoY Change	-65.11%	-27.57%
TOTAL ASSETS
Total Short-Term Assets	$59.59M	$175.6M
Total Long-Term Assets	$405.8M	$1.163B
Total Assets	$465.4M	$1.339B
YoY Change	-65.24%	-22.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$59.32M	$115.8M
YoY Change	-48.78%	-46.86%
Accrued Expenses	$4.723M	$10.60M
YoY Change	-55.44%	63.08%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$70.35M	$154.1M
YoY Change	-54.35%	-42.82%
LONG-TERM LIABILITIES
Long-Term Debt	$819.0M	$885.5M
YoY Change	-7.51%	25.28%
Other Long-Term Liabilities	$5.900M	$5.300M
YoY Change	11.32%	-74.02%
Total Long-Term Liabilities	$824.9M	$890.8M
YoY Change	-7.4%	22.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$70.35M	$154.1M
Total Long-Term Liabilities	$824.9M	$890.8M
Total Liabilities	$895.2M	$1.045B
YoY Change	-14.34%	-7.09%
SHAREHOLDERS EQUITY
Retained Earnings	-$873.4M
YoY Change
Common Stock	$443.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$429.8M	$293.8M
YoY Change
Total Liabilities & Shareholders Equity	$465.4M	$1.339B
YoY Change	-65.24%	-22.8%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	-$109.0M	-$250.1M
YoY Change	-56.42%	5583.2%
Depreciation, Depletion And Amortization	$16.20M	$36.80M
YoY Change	-55.98%	-12.8%
Cash From Operating Activities	$3.300M	$44.80M
YoY Change	-92.63%	-20.28%
INVESTING ACTIVITIES
Capital Expenditures	-$18.30M	-$77.70M
YoY Change	-76.45%	-29.17%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$18.30M	-$77.80M
YoY Change	-76.48%	-29.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	14.40M	34.30M
YoY Change	-58.02%	-42.55%
NET CHANGE
Cash From Operating Activities	3.300M	44.80M
Cash From Investing Activities	-18.30M	-77.80M
Cash From Financing Activities	14.40M	34.30M
Net Change In Cash	-600.0K	1.300M
YoY Change	-146.15%	-79.03%
FREE CASH FLOW
Cash From Operating Activities	$3.300M	$44.80M
Capital Expenditures	-$18.30M	-$77.70M
Free Cash Flow	$21.60M	$122.5M
YoY Change	-82.37%	-26.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001104485
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	64595119	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	NORTHERN OIL & GAS, INC.
	nog	Advances On Revolving Credit Facility AdvancesOnRevolvingCreditFacility	110000000	USD
	nog	Advances On Revolving Credit Facility AdvancesOnRevolvingCreditFacility	26000000	USD
CY2015Q4	nog	Advances To Operators AdvancesToOperators	1689879	USD
CY2016Q2	nog	Advances To Operators AdvancesToOperators	606158	USD
	nog	Anticipated Timing Of Inclusion Of Cost In Amortization Calculation AnticipatedTimingOfInclusionOfCostInAmortizationCalculation	P5Y
CY2015Q2	nog	Average Acquisition Cost Per Net Acre AverageAcquisitionCostPerNetAcre	1325
CY2016Q2	nog	Average Acquisition Cost Per Net Acre AverageAcquisitionCostPerNetAcre	1704
	nog	Capitalized Asset Retirement Obligations CapitalizedAssetRetirementObligations	306386	USD
	nog	Capitalized Asset Retirement Obligations CapitalizedAssetRetirementObligations	141028	USD
CY2015Q2	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	555260	USD
	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	980688	USD
CY2016Q2	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	652721	USD
	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	1434883	USD
CY2015Q2	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	3400000	USD
	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	8900000	USD
CY2016Q2	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	3300000	USD
	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	5300000	USD
CY2015Q2	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	30982180	USD
	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	70976830	USD
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	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	45430650	USD
CY2016Q2	nog	Common Stock Shares Authorized Percent Increasein Authorized Shares CommonStockSharesAuthorizedPercentIncreaseinAuthorizedShares	0.5
	nog	Crude Oil And Natural Gas Properties Discount Rate CrudeOilAndNaturalGasPropertiesDiscountRate	0.1
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	nog	Depletion Depreciation Amortization And Accretion DepletionDepreciationAmortizationAndAccretion	34022952	USD
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	nog	Impairment Costs Related To Expired Leases Subject To Depletion ImpairmentCostsRelatedToExpiredLeasesSubjectToDepletion	5000000	USD
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	nog	Oil And Natural Gas Properties Included In Accounts Payable OilAndNaturalGasPropertiesIncludedInAccountsPayable	53613405	USD
	nog	Percentage Of Mineral Rights Developed PercentageOfMineralRightsDeveloped	0.74
	nog	Percentage Of Proved Reserves Sold To Be Considered Significant Alteration PercentageOfProvedReservesSoldToBeConsideredSignificantAlteration	0.25
	nog	Period For Advance Payments To Be Applied Against Joint Interest Billings PeriodForAdvancePaymentsToBeAppliedAgainstJointInterestBillings	P90D
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	nog	Total Capitalized Costs Oil And Gas Producing Activities TotalCapitalizedCostsOilAndGasProducingActivities	1939369	USD
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	nog	Total Capitalized Costs Oil And Gas Producing Activities TotalCapitalizedCostsOilAndGasProducingActivities	1644487	USD
CY2015Q4	nog	Unproven Leasehold Interests UnprovenLeaseholdInterests	38003	acre
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	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-235544415	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-66866610	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-202346610	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	3303945	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-4504082	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-93913	USD
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	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-59864	USD
	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-20974	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	1287652	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-93045	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	605242	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	358183	USD
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2015Q2	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	220930	USD
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	958681	USD
CY2016Q2	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	78680	USD
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	209604	USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	14387693	USD
	us-gaap	Interest Expense InterestExpense	26124240	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	16046325	USD
	us-gaap	Interest Expense InterestExpense	32145007	USD
	us-gaap	Interest Paid InterestPaid	24117185	USD
	us-gaap	Interest Paid InterestPaid	30186285	USD
CY2015Q4	us-gaap	Interest Payable Current InterestPayableCurrent	4713232	USD
CY2016Q2	us-gaap	Interest Payable Current InterestPayableCurrent	4668189	USD
CY2015Q4	us-gaap	Liabilities Liabilities	919033062	USD
CY2016Q2	us-gaap	Liabilities Liabilities	895181460	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	721430948	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	465384219	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	78115147	USD
CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	70349727	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	835290329	USD
CY2016Q2	us-gaap	Long Term Debt LongTermDebt	819000000	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	14339	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	191927	USD
CY2016Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	818952295	USD
CY2016Q2	us-gaap	Long Term Debt LongTermDebt	818952295	USD
CY2015Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	835290329	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	74241942	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-19814403	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-188166365	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-38431810	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	111698965	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	58522938	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	-250060617	USD
	us-gaap	Net Income Loss NetIncomeLoss	-479799187	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-108978662	USD
	us-gaap	Net Income Loss NetIncomeLoss	-235544415	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-14387494	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-26123698	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-16046144	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-33227360	USD
CY2015Q2	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	13564801	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	27763891	USD
CY2016Q2	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	11081973	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	23041232	USD
CY2015Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	63064333	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	113518481	USD
CY2016Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	42527847	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	70895188	USD
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	343402927	USD
	us-gaap	Operating Expenses OperatingExpenses	773009932	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	124946744	USD
	us-gaap	Operating Expenses OperatingExpenses	266167516	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-302539733	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-656022099	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-92932518	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-202317055	USD
	us-gaap	Other Amortization Of Deferred Charges OtherAmortizationOfDeferredCharges	-3664	USD
	us-gaap	Other Amortization Of Deferred Charges OtherAmortizationOfDeferredCharges	0	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10080846	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8900536	USD
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	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-339821	USD
CY2015Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	199	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	542	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	181	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	7154	USD
CY2015Q2	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	9909	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	17117	USD
CY2016Q2	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	9327	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1385888	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	5566131	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	0	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	428515	USD
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	188311747	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	38431810	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	15562	USD
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	892867	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	1251051	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	160944	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	0	USD
	us-gaap	Proceeds From Unsecured Notes Payable ProceedsFromUnsecuredNotesPayable	190000000	USD
	us-gaap	Proceeds From Unsecured Notes Payable ProceedsFromUnsecuredNotesPayable	0	USD
CY2015Q2	us-gaap	Production Tax Expense ProductionTaxExpense	6871788	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	12284896	USD
CY2016Q2	us-gaap	Production Tax Expense ProductionTaxExpense	4220712	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	6987612	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2348602087	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2383167807	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	589320383	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	396890993	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1837469	USD
CY2016Q2	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1812834	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	220000000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	44000000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-637886252	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-873430668	USD
CY2015Q2	us-gaap	Revenues Revenues	40863194	USD
	us-gaap	Revenues Revenues	116987833	USD
CY2016Q2	us-gaap	Revenues Revenues	32014226	USD
	us-gaap	Revenues Revenues	63850461	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1944474	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3300313	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	0	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	0	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	250000	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	141872	shares
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	391872	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	5.18
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	3.66
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.00
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice	0.00
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0.00
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.79
CY2015	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P1Y9M18D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P3Y4M24D
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	339524	shares
CY2015	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	1397	shares
	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	11451	shares
CY2015	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	2112998	shares
	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	1827546	shares
CY2015	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	57929	shares
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	339524	shares
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	1315000	USD
CY2011Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	150000000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	-197602114	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	-429797241	USD
CY2015Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-53193228	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-67524595	USD
CY2016Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-30506698	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-52489716	USD
CY2016Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2015Q2	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-49907445	USD
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-49907445	USD
CY2016Q2	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-40830000	USD
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-86288000	USD
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	60644635	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	60600652	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61180313	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61071948	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	60644635	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	60600652	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61180313	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61071948	shares
CY2015Q2	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2015Q2	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2016Q2	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	1100000	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	1089507	USD
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Concentrations of Market and Credit Risk</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future results of the Company’s crude oil and natural gas operations will be affected by the market prices of crude oil and natural gas.  The availability of a ready market for crude oil and natural gas products in the future will depend on numerous factors beyond the control of the Company, including weather, imports, marketing of competitive fuels, proximity and capacity of crude oil and natural gas pipelines and other transportation facilities, any oversupply or undersupply of crude oil, natural gas and liquid products, the regulatory environment, the economic environment, and other regional and political events, none of which can be predicted with certainty.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates in the exploration, development and production sector of the crude oil and natural gas industry.  The Company’s receivables include amounts due from purchasers of its crude oil and natural gas production.  While certain of these customers are affected by periodic downturns in the economy in general or in their specific segment of the crude oil or natural gas industry, the Company believes that its level of credit-related losses due to such economic fluctuations has been and will continue to be immaterial to the Company’s results of operations over the long-term.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company manages and controls market and counterparty credit risk.  In the normal course of business, collateral is not required for financial instruments with credit risk.  Financial instruments which potentially subject the Company to credit risk consist principally of temporary cash balances and derivative financial instruments.  The Company maintains cash and cash equivalents in bank deposit accounts which, at times, may exceed the federally insured limits.  The Company has not experienced any significant losses from such investments.  The Company attempts to limit the amount of credit exposure to any one financial institution or company.  The Company believes the credit quality of its customers is generally high.  In the normal course of business, letters of credit or parent guarantees may be required for counterparties which management perceives to have a higher credit risk.</font></div></div>
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> ORGANIZATION AND NATURE OF BUSINESS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Northern Oil and Gas, Inc. (the “Company,” “Northern,” “our” and words of similar import), a Minnesota corporation, is an independent energy company engaged in the acquisition, exploration, exploitation, development and production of crude oil and natural gas properties.  The Company’s common stock trades on the NYSE MKT market under the symbol “NOG”.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Northern’s principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.  The Company acquires leasehold interests that comprise of non-operated working interests in wells and in drilling projects within its area of operations.  As of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">74%</font><font style="font-family:inherit;font-size:10pt;"> of Northern’s </font><font style="font-family:inherit;font-size:10pt;">161,675</font><font style="font-family:inherit;font-size:10pt;"> total net acres were developed.</font></div></div>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period balances in the condensed balance sheets have been reclassified to conform to the current year presentation. Such reclassifications had no impact on net income (loss), cash flows or stockholders’ equity (deficit) previously reported.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements under GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  The most significant estimates relate to proved crude oil and natural gas reserve volumes, future development costs, estimates relating to certain crude oil and natural gas revenues and expenses, fair value of derivative instruments, impairment of oil and natural gas properties, and deferred income taxes.  Actual results may differ from those estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0001104485-16-000081-index-headers.html	Edgar Link	pending
0001104485-16-000081-index.html	Edgar Link	pending
0001104485-16-000081.txt	Edgar Link	pending
0001104485-16-000081-xbrl.zip	Edgar Link	pending
exhibit126-30x16.htm	Edgar Link	pending
exhibit31-6x30x16.htm	Edgar Link	pending
exhibit311-6x30x16.htm	Edgar Link	pending
exhibit312-6x30x16.htm	Edgar Link	pending
exhibit321-6x30x16.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nog-20160630.xml	Edgar Link	completed
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$NOG
NORTHERN OIL & GAS, INC. Stock $nog

2016 Q2 Form 10-Q Financial Statement

#000110448516000081 Filed on August 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NOG NORTHERN OIL & GAS, INC. Stock $nog

2016 Q2 Form 10-Q Financial Statement

#000110448516000081 Filed on August 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NOG
NORTHERN OIL & GAS, INC. Stock $nog