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

$nog Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000110448517000052 Filed on May 08, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$65.82M	$31.84M
YoY Change	106.74%	-58.18%
Cost Of Revenue	$16.10M	$14.70M
YoY Change	9.52%	-25.0%
Gross Profit	$49.70M	$17.10M
YoY Change	190.64%	-69.73%
Gross Profit Margin	75.51%	53.71%
Selling, General & Admin	$3.600M	$4.300M
YoY Change	-16.28%	-2.27%
% of Gross Profit	7.24%	25.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$12.80M	$17.80M
YoY Change	-28.09%	-60.62%
% of Gross Profit	25.75%	104.09%
Operating Expenses	$32.57M	$141.2M
YoY Change	-76.93%	-67.13%
Operating Profit	$33.24M	-$109.4M
YoY Change	-130.39%	-69.06%
Interest Expense	$16.30M	$16.10M
YoY Change	1.27%	37.17%
% of Operating Profit	49.04%
Other Income/Expense, Net	-$16.30M	-$17.18M
YoY Change	-5.11%	46.4%
Pretax Income	$16.94M	-$126.6M
YoY Change	-113.38%	-65.35%
Income Tax	$0.00	$0.00
% Of Pretax Income	0.0%
Net Earnings	$16.94M	-$126.6M
YoY Change	-113.38%	-44.91%
Net Earnings / Revenue	25.74%	-397.55%
Basic Earnings Per Share	$0.28	-$2.08
Diluted Earnings Per Share	$0.27	-$2.08
COMMON SHARES
Basic Shares Outstanding	61.45M shares	60.96M shares
Diluted Shares Outstanding	61.97M shares	60.96M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.500M	$4.400M
YoY Change	25.0%	-22.81%
Cash & Equivalents	$5.519M	$4.388M
Short-Term Investments
Other Short-Term Assets	$7.400M	$45.00M
YoY Change	-83.56%	-64.79%
Inventory
Prepaid Expenses
Receivables	$33.95M	$29.70M
Other Receivables	$1.400M	$0.00
Total Short-Term Assets	$48.19M	$79.14M
YoY Change	-39.11%	-62.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$390.8M	$485.4M
YoY Change	-19.48%	-65.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$8.195M	$8.692M
YoY Change	-5.71%	-68.39%
Total Long-Term Assets	$401.1M	$494.1M
YoY Change	-18.82%	-65.41%
TOTAL ASSETS
Total Short-Term Assets	$48.19M	$79.14M
Total Long-Term Assets	$401.1M	$494.1M
Total Assets	$449.2M	$573.2M
YoY Change	-21.62%	-65.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$64.20M	$62.86M
YoY Change	2.14%	-61.08%
Accrued Expenses	$4.721M	$5.081M
YoY Change	-7.08%	-72.24%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$88.59M	$86.81M
YoY Change	2.05%	-60.86%
LONG-TERM LIABILITIES
Long-Term Debt	$823.5M	$803.1M
YoY Change	2.54%	-5.04%
Other Long-Term Liabilities	$7.300M	$5.800M
YoY Change	25.86%	13.73%
Total Long-Term Liabilities	$830.8M	$808.9M
YoY Change	2.71%	-4.92%
TOTAL LIABILITIES
Total Short-Term Liabilities	$88.59M	$86.81M
Total Long-Term Liabilities	$830.8M	$808.9M
Total Liabilities	$919.3M	$895.7M
YoY Change	2.64%	-18.41%
SHAREHOLDERS EQUITY
Retained Earnings	-$914.4M	-$764.5M
YoY Change	19.62%
Common Stock	$444.3M	$441.9M
YoY Change	0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$470.1M	-$322.5M
YoY Change
Total Liabilities & Shareholders Equity	$449.2M	$573.2M
YoY Change	-21.62%	-65.06%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$16.94M	-$126.6M
YoY Change	-113.38%	-44.91%
Depreciation, Depletion And Amortization	$12.80M	$17.80M
YoY Change	-28.09%	-60.62%
Cash From Operating Activities	$29.72M	$55.20M
YoY Change	-46.17%	-17.49%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00
YoY Change		-100.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$20.27M	-$20.10M
YoY Change	0.85%	-81.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$412.2K	$1.159M
YoY Change	-64.42%	1417.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$10.41M	-34.20M
YoY Change	-69.55%	-185.71%
NET CHANGE
Cash From Operating Activities	$29.72M	55.20M
Cash From Investing Activities	-$20.27M	-20.10M
Cash From Financing Activities	-$10.41M	-34.20M
Net Change In Cash	-$967.3K	900.0K
YoY Change	-207.48%	-125.0%
FREE CASH FLOW
Cash From Operating Activities	$29.72M	$55.20M
Capital Expenditures	$0.00	$0.00
Free Cash Flow	$29.72M	$55.20M
YoY Change	-46.17%	-17.48%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	NORTHERN OIL & GAS, INC.
CY2016Q4	nog	Advances To Operators AdvancesToOperators	1577204	USD
CY2017Q1	nog	Advances To Operators AdvancesToOperators	1178400	USD
CY2016Q1	nog	Amortizationof Deferred Rent AmortizationofDeferredRent	0	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001104485
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	63327589	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2017Q1	nog	Amortizationof Deferred Rent AmortizationofDeferredRent	5160	USD
CY2017Q1	nog	Anticipated Timing Of Inclusion Of Cost In Amortization Calculation AnticipatedTimingOfInclusionOfCostInAmortizationCalculation	P5Y
CY2016Q1	nog	Average Acquisition Cost Per Net Acre AverageAcquisitionCostPerNetAcre	1214
CY2017Q1	nog	Average Acquisition Cost Per Net Acre AverageAcquisitionCostPerNetAcre	607
CY2016Q1	nog	Capitalized Asset Retirement Obligations CapitalizedAssetRetirementObligations	121940	USD
CY2017Q1	nog	Capitalized Asset Retirement Obligations CapitalizedAssetRetirementObligations	127437	USD
CY2016Q1	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	782162	USD
CY2017Q1	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	204873	USD
CY2016Q1	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	2000000	USD
CY2017Q1	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	3800000	USD
CY2016Q1	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	25446900	USD
CY2017Q1	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	-95659	USD
CY2016Q2	nog	Common Stock Shares Authorized Percent Increasein Authorized Shares CommonStockSharesAuthorizedPercentIncreaseinAuthorizedShares	0.5
CY2017Q1	nog	Crude Oil And Natural Gas Properties Discount Rate CrudeOilAndNaturalGasPropertiesDiscountRate	0.1
CY2016Q1	nog	Depletion Depreciation Amortization And Accretion DepletionDepreciationAmortizationAndAccretion	17846089	USD
CY2017Q1	nog	Depletion Depreciation Amortization And Accretion DepletionDepreciationAmortizationAndAccretion	12828143	USD
CY2016Q1	nog	Gas And Oil Acreage Net Acres Acquired GasAndOilAcreageNetAcresAcquired	764	acre
CY2017Q1	nog	Gas And Oil Acreage Net Acres Acquired GasAndOilAcreageNetAcresAcquired	371	acre
CY2017Q1	nog	Gas And Oil Acreage Net Mineral Rights GasAndOilAcreageNetMineralRights	151672	acre
CY2016Q1	nog	Impairment Costs Related To Expired Leases Subject To Depletion ImpairmentCostsRelatedToExpiredLeasesSubjectToDepletion	5800000	USD
CY2017Q1	nog	Impairment Costs Related To Expired Leases Subject To Depletion ImpairmentCostsRelatedToExpiredLeasesSubjectToDepletion	100000	USD
CY2017Q1	nog	Minimum Amount Tax Benefits Likely Realized Upon Settlement Percentage MinimumAmountTaxBenefitsLikelyRealizedUponSettlementPercentage	0.5
CY2017Q1	nog	Number Of Classes Of Shares NumberOfClassesOfShares	2
CY2016Q1	nog	Oil And Natural Gas Properties Included In Accounts Payable OilAndNaturalGasPropertiesIncludedInAccountsPayable	56831682	USD
CY2017Q1	nog	Oil And Natural Gas Properties Included In Accounts Payable OilAndNaturalGasPropertiesIncludedInAccountsPayable	57107728	USD
CY2017Q1	nog	Percentage Of Mineral Rights Developed PercentageOfMineralRightsDeveloped	0.82
CY2017Q1	nog	Percentage Of Proved Reserves Sold To Be Considered Significant Alteration PercentageOfProvedReservesSoldToBeConsideredSignificantAlteration	0.25
CY2017Q1	nog	Period For Advance Payments To Be Applied Against Joint Interest Billings PeriodForAdvancePaymentsToBeAppliedAgainstJointInterestBillings	P90D
CY2017Q1	nog	Stock Shares Authorized StockSharesAuthorized	147500000	shares
CY2017Q1	nog	Threshold Amount Of Fdic Coverage ThresholdAmountOfFdicCoverage	250000	USD
CY2017Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	900000	USD
CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	911861	shares
CY2016Q1	nog	Total Capitalized Costs Oil And Gas Producing Activities TotalCapitalizedCostsOilAndGasProducingActivities	913086	USD
CY2017Q1	nog	Total Capitalized Costs Oil And Gas Producing Activities TotalCapitalizedCostsOilAndGasProducingActivities	243641	USD
CY2016Q4	nog	Unproven Leasehold Interests UnprovenLeaseholdInterests	26432	acre
CY2017Q1	nog	Unproven Leasehold Interests UnprovenLeaseholdInterests	23100	acre
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	56146847	USD
CY2017Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	64204150	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	35840042	USD
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CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2055987766	USD
CY2017Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2068695690	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	443895032	USD
CY2017Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	444285756	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	4900000	USD
CY2017Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	4900000	USD
CY2016Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	122615	USD
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CY2016Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1000000	USD
CY2016Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1007983	USD
CY2017Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	943407	USD
CY2017Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	124018	shares
CY2017Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	100000	USD
CY2016Q4	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	517423	USD
CY2017Q1	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	586821	USD
CY2016Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	6990877	USD
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CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	997753	USD
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CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
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CY2017Q1	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4337402	USD
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CY2016Q1	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	104311122	USD
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CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
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CY2017Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2016Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1402179	USD
CY2017Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1402179	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	230442	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1662770	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-21740341	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1894975	USD
CY2016Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2463691	USD
CY2017Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-1382976	USD
CY2016Q1	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-78400	USD
CY2017Q1	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-23724	USD
CY2016Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	13839995	USD
CY2017Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	13948257	USD
CY2017Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	888188	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-127029	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	16303805	USD
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	525967	shares
CY2016Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	130924	USD
CY2017Q1	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	38768	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	16098682	USD
CY2016Q1	us-gaap	Interest Paid InterestPaid	1121994	USD
CY2017Q1	us-gaap	Interest Paid InterestPaid	1280711	USD
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	4682894	USD
CY2017Q1	us-gaap	Interest Payable Current InterestPayableCurrent	18666667	USD
CY2016Q4	us-gaap	Liabilities Liabilities	918954629	USD
CY2017Q1	us-gaap	Liabilities Liabilities	919335025	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	431532961	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	449244727	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	77443666	USD
CY2017Q1	us-gaap	Liabilities Current LiabilitiesCurrent	88587466	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	832625125	USD
CY2017Q1	us-gaap	Long Term Debt LongTermDebt	823450676	USD
CY2016Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	832625125	USD
CY2017Q1	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	823450676	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-34158577	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-10412217	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-20057820	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-20271464	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	55214150	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	29716382	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-126565754	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	16940523	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-17181218	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-16303625	USD
CY2016Q1	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	11959260	USD
CY2017Q1	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	11674348	USD
CY2016Q1	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	28367341	USD
CY2017Q1	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	48848222	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	141220772	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	32572699	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-109384536	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	33244148	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8430359	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8195320	USD
CY2016Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-282421	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-124136	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	6971	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	180	USD
CY2016Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	5012	USD
CY2017Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	7742	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1158577	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	412217	USD
CY2016Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	20067820	USD
CY2017Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	20271464	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	1584129	USD
CY2017Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	2472317	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	10000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	0	USD
CY2016Q1	us-gaap	Production Tax Expense ProductionTaxExpense	2766899	USD
CY2017Q1	us-gaap	Production Tax Expense ProductionTaxExpense	4461265	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2432196199	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2459498348	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	376208433	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	390802658	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	977349	USD
CY2017Q1	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	977349	USD
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	33000000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	10000000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-931379960	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-914439437	USD
CY2016Q1	us-gaap	Revenues Revenues	31836236	USD
CY2017Q1	us-gaap	Revenues Revenues	65816847	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1741434	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	613578	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	0	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	0	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	391872	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	391872	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	3.66
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	3.66
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.00
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice	0.00
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0.00
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.00
CY2016	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P2Y10M24D
CY2017Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P2Y8M12D
CY2017Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	145946	shares
CY2015	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	1594542	shares
CY2017Q1	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	85383	shares
CY2015	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	2109814	shares
CY2017Q1	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	354123	shares
CY2015	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	375875	shares
CY2017Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	145946	shares
CY2017Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2017Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	400000	USD
CY2011Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	150000000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	-487421668	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	-470090298	USD
CY2016Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-21983017	USD
CY2017Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	17056542	USD
CY2017Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-45458000	USD
CY2017Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	6486000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	60964029	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61972123	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	60964029	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61446156	shares
CY2016Q1	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	1089507	USD
CY2016Q1	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	1000000	USD
CY2017Q1	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2017Q1	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
CY2017Q1	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 counterparties 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>
CY2017Q1	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;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">82%</font><font style="font-family:inherit;font-size:10pt;"> of Northern’s </font><font style="font-family:inherit;font-size:10pt;">151,672</font><font style="font-family:inherit;font-size:10pt;"> total net acres were developed.</font></div></div>
CY2017Q1	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
0001104485-17-000052-index-headers.html	Edgar Link	pending
0001104485-17-000052-index.html	Edgar Link	pending
0001104485-17-000052.txt	Edgar Link	pending
0001104485-17-000052-xbrl.zip	Edgar Link	pending
exhibit1213-31x17.htm	Edgar Link	pending
exhibit311-3x31x17.htm	Edgar Link	pending
exhibit321-3x31x17.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nog-20170331.xml	Edgar Link	completed
nog-20170331.xsd	Edgar Link	pending
nog-20170331x10q.htm	Edgar Link	pending
nog-20170331_cal.xml	Edgar Link	unprocessable
nog-20170331_def.xml	Edgar Link	unprocessable
nog-20170331_lab.xml	Edgar Link	unprocessable
nog-20170331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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

2017 Q1 Form 10-Q Financial Statement

#000110448517000052 Filed on May 08, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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

2017 Q1 Form 10-Q Financial Statement

#000110448517000052 Filed on May 08, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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