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

$nog Overview Financials Valuation SEC Filings Company Website

2016 Q4 Form 10-Q Financial Statement

#000110448516000105 Filed on November 09, 2016

Income Statement

Concept	2016 Q4	2016 Q3	2015 Q4
Revenue	$35.94M	$45.11M	$56.91M
YoY Change	-36.84%	-55.41%	-77.9%
Cost Of Revenue	$16.20M	$15.00M	$16.00M
YoY Change	1.25%	-14.77%	-38.22%
Gross Profit	$19.70M	$30.10M	$40.90M
YoY Change	-51.83%	-63.95%	-82.35%
Gross Profit Margin	54.81%	66.73%	71.86%
Selling, General & Admin	$3.700M	$2.100M	$5.800M
YoY Change	-36.21%	-54.35%	18.37%
% of Gross Profit	18.78%	6.98%	14.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.50M	$13.70M	$24.20M
YoY Change	-44.21%	-56.65%	-50.51%
% of Gross Profit	68.53%	45.51%	59.17%
Operating Expenses	$33.46M	$74.58M	$213.1M
YoY Change	-84.3%	-81.73%	296.12%
Operating Profit	$2.486M	-$29.47M	-$156.2M
YoY Change	-101.59%	-90.4%	-187.8%
Interest Expense	-$16.20M	$16.15M	-$16.10M
YoY Change	0.62%	-0.05%	42.48%
% of Operating Profit	-651.69%
Other Income/Expense, Net	-$16.22M	-$16.15M	-$16.11M
YoY Change	0.65%	-0.05%
Pretax Income	-$13.70M	-$45.62M	-$172.3M
YoY Change	-92.05%	-85.89%	-203.42%
Income Tax	-$1.402M	$0.00	-$50.00
% Of Pretax Income
Net Earnings	-$12.33M	-$45.62M	-$172.3M
YoY Change	-92.84%	-85.89%	-266.33%
Net Earnings / Revenue	-34.3%	-101.13%	-302.77%
Basic Earnings Per Share	-$0.20	-$0.74	-$2.84
Diluted Earnings Per Share	-$0.20	-$0.74	-$2.84
COMMON SHARES
Basic Shares Outstanding	63.03M shares	61.24M shares
Diluted Shares Outstanding		61.24M shares

Balance Sheet

Concept	2016 Q4	2016 Q3	2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.500M	$3.300M	$3.400M
YoY Change	91.18%	-52.86%	-63.44%
Cash & Equivalents	$6.486M	$3.319M	$3.390M
Short-Term Investments
Other Short-Term Assets	$3.200M	$10.10M	$67.20M
YoY Change	-95.24%	-88.89%	-48.58%
Inventory
Prepaid Expenses
Receivables	$35.84M	$32.86M	$51.45M
Other Receivables	$1.400M	$0.00	$0.00
Total Short-Term Assets	$46.89M	$46.32M	$122.0M
YoY Change	-61.57%	-75.52%	-46.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$376.2M	$355.4M	$589.3M
YoY Change	-36.16%	-53.07%	-66.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$8.430M	$8.666M	$10.08M
YoY Change	-16.37%	-84.22%	-74.02%
Total Long-Term Assets	$384.6M	$364.1M	$599.4M
YoY Change	-35.83%	-55.17%	-66.71%
TOTAL ASSETS
Total Short-Term Assets	$46.89M	$46.32M	$122.0M
Total Long-Term Assets	$384.6M	$364.1M	$599.4M
Total Assets	$431.5M	$410.4M	$721.4M
YoY Change	-40.18%	-59.01%	-64.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$56.15M	$47.76M	$65.32M
YoY Change	-14.04%	-51.71%	-71.8%
Accrued Expenses	$6.095M	$5.201M	$7.894M
YoY Change	-22.79%	-79.68%	-22.61%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00
YoY Change
Total Short-Term Liabilities	$77.44M	$72.58M	$78.12M
YoY Change	-0.86%	-53.59%	-72.66%
LONG-TERM LIABILITIES
Long-Term Debt	$832.6M	$807.8M	$835.3M
YoY Change	-0.32%	-6.9%	3.62%
Other Long-Term Liabilities	$156.6K	$6.100M	$0.00
YoY Change		10.91%	-100.0%
Total Long-Term Liabilities	$832.8M	$813.9M	$0.00
YoY Change		-6.79%	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$77.44M	$72.58M	$78.12M
Total Long-Term Liabilities	$832.8M	$813.9M	$0.00
Total Liabilities	$919.0M	$886.4M	$919.0M
YoY Change	-0.01%	-13.91%	-26.82%
SHAREHOLDERS EQUITY
Retained Earnings	-$931.4M	-$919.0M	-$637.9M
YoY Change	46.01%
Common Stock	$444.0M	$443.0M	$440.3M
YoY Change	0.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$487.4M	-$476.1M	-$197.6M
YoY Change
Total Liabilities & Shareholders Equity	$431.5M	$410.4M	$721.4M
YoY Change	-40.18%	-59.01%	-64.4%

Cashflow Statement

Concept	2016 Q4	2016 Q3	2015 Q4
OPERATING ACTIVITIES
Net Income	-$12.33M	-$45.62M	-$172.3M
YoY Change	-92.84%	-85.89%	-266.33%
Depreciation, Depletion And Amortization	$13.50M	$13.70M	$24.20M
YoY Change	-44.21%	-56.65%	-50.51%
Cash From Operating Activities	$4.200M	$39.20M	$72.20M
YoY Change	-94.18%	-37.88%	11.25%
INVESTING ACTIVITIES
Capital Expenditures	-$26.20M	-$28.60M	-$55.70M
YoY Change	-52.96%	-36.59%	-57.71%
Acquisitions
YoY Change
Other Investing Activities	$1.200M	$1.000M	$0.00
YoY Change
Cash From Investing Activities	-$25.00M	-$27.60M	-$55.70M
YoY Change	-55.12%	-38.67%	-57.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	24.00M	-12.00M	-20.10M
YoY Change	-219.4%	-33.7%	-129.52%
NET CHANGE
Cash From Operating Activities	4.200M	39.20M	72.20M
Cash From Investing Activities	-25.00M	-27.60M	-55.70M
Cash From Financing Activities	24.00M	-12.00M	-20.10M
Net Change In Cash	3.200M	-400.0K	-3.600M
YoY Change	-188.89%	-5368709120000100.0%	-376.92%
FREE CASH FLOW
Cash From Operating Activities	$4.200M	$39.20M	$72.20M
Capital Expenditures	-$26.20M	-$28.60M	-$55.70M
Free Cash Flow	$30.40M	$67.80M	$127.9M
YoY Change	-76.23%	-37.34%	-34.94%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	us-gaap	Income Taxes Paid IncomeTaxesPaid	3303945	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5361872	USD
	nog	Capitalized Asset Retirement Obligations CapitalizedAssetRetirementObligations	180302	USD
	nog	Percentage Of Proved Reserves Sold To Be Considered Significant Alteration PercentageOfProvedReservesSoldToBeConsideredSignificantAlteration	0.25
	nog	Advances On Revolving Credit Facility AdvancesOnRevolvingCreditFacility	29000000	USD
CY2015Q4	nog	Advances To Operators AdvancesToOperators	1689879	USD
CY2016Q3	nog	Advances To Operators AdvancesToOperators	1733051	USD
	nog	Anticipated Timing Of Inclusion Of Cost In Amortization Calculation AnticipatedTimingOfInclusionOfCostInAmortizationCalculation	P5Y
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2015Q3	nog	Average Acquisition Cost Per Net Acre AverageAcquisitionCostPerNetAcre	1065
CY2016Q3	nog	Average Acquisition Cost Per Net Acre AverageAcquisitionCostPerNetAcre	2965
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001104485
CY2016Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	63029971	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	NORTHERN OIL & GAS, INC.
	nog	Advances On Revolving Credit Facility AdvancesOnRevolvingCreditFacility	140000000	USD
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	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	1500734	USD
CY2016Q3	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	239132	USD
	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	1674015	USD
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	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	15300000	USD
CY2016Q3	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	5200000	USD
	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	10500000	USD
CY2015Q3	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	42958080	USD
	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	113934910	USD
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	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	54457800	USD
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CY2015Q3	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	51366762	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	54818997	USD
CY2016Q3	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	3381564	USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-3677502	USD
CY2015Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	0	USD
CY2016Q3	us-gaap	Derivative Liabilities DerivativeLiabilities	756856	USD
CY2015Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	0	USD
CY2016Q3	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	707703	USD
CY2015Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	0	USD
CY2016Q3	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	49153	USD
CY2016Q3	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	315158	USD
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-5.33
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-13.25
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.74
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-4.60
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-5.33
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-13.25
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.74
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-4.60
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	465198	USD
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	882234	USD
CY2016Q3	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0	USD
CY2015Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4614771	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	13224012	USD
CY2016Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2098293	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11021970	USD
CY2015Q3	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	354422654	USD
CY2015Q3	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	354400000	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	996800000	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	996815713	USD
CY2016Q3	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	43800000	USD
CY2016Q3	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	43820791	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	237000000	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	237012834	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-323319576	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1005465372	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-45618895	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-281163310	USD
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-77544	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-202424154	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-4450439	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-873647	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-18588927	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-688101	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2493580	USD
	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-57345	USD
	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-29498	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	15007861	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	13835754	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-24395	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	307849	USD
CY2015Q3	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
CY2016Q3	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
CY2015Q3	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	311739	USD
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	1270420	USD
CY2016Q3	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	79805	USD
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	289409	USD
CY2015Q3	us-gaap	Interest Expense InterestExpense	16154160	USD
	us-gaap	Interest Expense InterestExpense	42278400	USD
CY2016Q3	us-gaap	Interest Expense InterestExpense	16145440	USD
	us-gaap	Interest Expense InterestExpense	48290447	USD
	us-gaap	Interest Paid InterestPaid	25412729	USD
	us-gaap	Interest Paid InterestPaid	31320249	USD
CY2015Q4	us-gaap	Interest Payable Current InterestPayableCurrent	4713232	USD
CY2016Q3	us-gaap	Interest Payable Current InterestPayableCurrent	18670814	USD
CY2015Q4	us-gaap	Liabilities Liabilities	919033062	USD
CY2016Q3	us-gaap	Liabilities Liabilities	886432594	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	721430948	USD
CY2016Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	410372136	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	78115147	USD
CY2016Q3	us-gaap	Liabilities Current LiabilitiesCurrent	72582958	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	835290329	USD
CY2016Q3	us-gaap	Long Term Debt LongTermDebt	807800000	USD
CY2016Q3	us-gaap	Long Term Debt LongTermDebt	807788710	USD
CY2015Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	835290329	USD
CY2016Q3	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	807788710	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	56108279	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-31755846	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-233224543	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-66034226	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	174821010	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	97718704	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	-323242032	USD
	us-gaap	Net Income Loss NetIncomeLoss	-803041218	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	-45618895	USD
	us-gaap	Net Income Loss NetIncomeLoss	-281163310	USD
CY2015Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-16152574	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-42276272	USD
CY2016Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-16145257	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-49372617	USD
CY2015Q3	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	12567423	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	40331314	USD
CY2016Q3	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	10920651	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	33961883	USD
CY2015Q3	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	49779903	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	163298384	USD
CY2016Q3	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	41719194	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	112614382	USD
CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	408323554	USD
	us-gaap	Operating Expenses OperatingExpenses	1181333485	USD
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	74583046	USD
	us-gaap	Operating Expenses OperatingExpenses	340750562	USD
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-307167002	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-963189100	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-29473638	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-231790693	USD
	us-gaap	Other Amortization Of Deferred Charges OtherAmortizationOfDeferredCharges	-8548	USD
	us-gaap	Other Amortization Of Deferred Charges OtherAmortizationOfDeferredCharges	0	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10080846	USD
CY2016Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8665794	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-975556	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-442848	USD
CY2015Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1586	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2128	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	183	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	7337	USD
CY2015Q3	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	9887	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	27004	USD
CY2016Q3	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	8650	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	22989	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	204613	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1327331	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	5687108	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	428515	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	233364628	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	66931194	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20859	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	58480	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2016Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2016Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2011Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	150000000	USD
CY2016Q3	us-gaap	Production Tax Expense ProductionTaxExpense	4045291	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	11032903	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	892867	USD
CY2016Q3	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	1200717	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	955448	USD
	us-gaap	Proceeds From Unsecured Notes Payable ProceedsFromUnsecuredNotesPayable	190000000	USD
	us-gaap	Proceeds From Unsecured Notes Payable ProceedsFromUnsecuredNotesPayable	0	USD
CY2015Q3	us-gaap	Production Tax Expense ProductionTaxExpense	5048227	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	17333123	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2348602087	USD
CY2016Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2399066905	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	589320383	USD
CY2016Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	355364341	USD
CY2015Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1837469	USD
CY2016Q3	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1871314	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	268000000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	59000000	USD
	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2015Q4	us-gaap	Restructuring Reserve RestructuringReserve	32493	USD
CY2016Q3	us-gaap	Restructuring Reserve RestructuringReserve	0	USD
	us-gaap	Restructuring Reserve Accrual Adjustment RestructuringReserveAccrualAdjustment	0	USD
	us-gaap	Restructuring Reserve Settled Without Cash1 RestructuringReserveSettledWithoutCash1	32493	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-637886252	USD
CY2016Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-919049564	USD
CY2015Q3	us-gaap	Revenues Revenues	101156552	USD
	us-gaap	Revenues Revenues	218144385	USD
CY2016Q3	us-gaap	Revenues Revenues	45109408	USD
	us-gaap	Revenues Revenues	108959869	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2911715	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2508003	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
CY2016Q3	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
CY2016Q3	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	P3Y2M12D
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	342648	shares
CY2015	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	1397	shares
	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	1594542	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	1846777	shares
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	-197602114	USD
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	342648	shares
CY2015Q3	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-120135555	USD
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-170043000	USD
CY2016Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q3	us-gaap	Stockholders Equity StockholdersEquity	-476060458	USD
CY2015Q3	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	8408682	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-59115913	USD
CY2016Q3	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-5645586	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-58135302	USD
CY2016Q3	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-17718000	USD
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-104006000	USD
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	60679257	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	60627142	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61237627	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61127577	shares
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	60679257	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	60627142	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61237627	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61127577	shares
CY2015Q3	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2015Q3	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
CY2016Q3	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;">September 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">77%</font><font style="font-family:inherit;font-size:10pt;"> of Northern’s </font><font style="font-family:inherit;font-size:10pt;">156,074</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 loss, cash flows or stockholders’ 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>

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0001104485-16-000105-index-headers.html	Edgar Link	pending
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0001104485-16-000105.txt	Edgar Link	pending
0001104485-16-000105-xbrl.zip	Edgar Link	pending
exhibit1219-30x16.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nog-20160930.xml	Edgar Link	completed
nog-20160930.xsd	Edgar Link	pending
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nog-20160930_cal.xml	Edgar Link	unprocessable
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$NOG
NORTHERN OIL & GAS, INC. Stock $nog

2016 Q4 Form 10-Q Financial Statement

#000110448516000105 Filed on November 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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

2016 Q4 Form 10-Q Financial Statement

#000110448516000105 Filed on November 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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