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

$nog Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000110448517000081 Filed on August 09, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$64.90M	$32.01M
YoY Change	102.73%	-21.66%
Cost Of Revenue	$12.14M	$15.30M
YoY Change	-20.67%	-25.0%
Gross Profit	$52.76M	$16.70M
YoY Change	215.95%	-18.14%
Gross Profit Margin	81.3%	52.16%
Selling, General & Admin	$4.300M	$4.600M
YoY Change	-6.52%	6.98%
% of Gross Profit	8.15%	27.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.70M	$16.20M
YoY Change	-15.43%	-55.98%
% of Gross Profit	25.96%	97.01%
Operating Expenses	$34.58M	$124.9M
YoY Change	-72.33%	-63.62%
Operating Profit	$30.32M	-$92.93M
YoY Change	-132.63%	-69.28%
Interest Expense	$16.43M	$16.05M
YoY Change	2.38%	11.53%
% of Operating Profit	54.17%
Other Income/Expense, Net	-$16.52M	-$16.05M
YoY Change	2.97%	11.53%
Pretax Income	$13.80M	-$109.0M
YoY Change	-112.66%	-65.61%
Income Tax	$0.00	$0.00
% Of Pretax Income	0.0%
Net Earnings	$13.80M	-$109.0M
YoY Change	-112.66%	-56.42%
Net Earnings / Revenue	21.27%	-340.41%
Basic Earnings Per Share	$0.22	-$1.78
Diluted Earnings Per Share	$0.22	-$1.78
COMMON SHARES
Basic Shares Outstanding	61.64M shares	61.18M shares
Diluted Shares Outstanding	61.89M shares	61.18M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.800M	$3.700M
YoY Change	2.7%	-47.89%
Cash & Equivalents	$3.809M	$3.667M
Short-Term Investments
Other Short-Term Assets	$19.40M	$15.40M
YoY Change	25.97%	-82.11%
Inventory
Prepaid Expenses
Receivables	$35.98M	$40.56M
Other Receivables	$1.400M	$0.00
Total Short-Term Assets	$60.67M	$59.59M
YoY Change	1.81%	-66.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$407.9M	$396.9M
YoY Change	2.78%	-64.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$8.139M	$8.901M
YoY Change	-8.56%	-81.22%
Total Long-Term Assets	$420.6M	$405.8M
YoY Change	3.66%	-65.11%
TOTAL ASSETS
Total Short-Term Assets	$60.67M	$59.59M
Total Long-Term Assets	$420.6M	$405.8M
Total Assets	$481.3M	$465.4M
YoY Change	3.42%	-65.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$72.40M	$59.32M
YoY Change	22.05%	-48.78%
Accrued Expenses	$5.773M	$4.723M
YoY Change	22.22%	-55.44%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$83.34M	$70.35M
YoY Change	18.47%	-54.35%
LONG-TERM LIABILITIES
Long-Term Debt	$845.3M	$819.0M
YoY Change	3.21%	-7.51%
Other Long-Term Liabilities	$8.200M	$5.900M
YoY Change	38.98%	11.32%
Total Long-Term Liabilities	$853.5M	$824.9M
YoY Change	3.47%	-7.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$83.34M	$70.35M
Total Long-Term Liabilities	$853.5M	$824.9M
Total Liabilities	$936.8M	$895.2M
YoY Change	4.65%	-14.34%
SHAREHOLDERS EQUITY
Retained Earnings	-$900.6M	-$873.4M
YoY Change	3.11%
Common Stock	$445.2M	$443.6M
YoY Change	0.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$455.5M	-$429.8M
YoY Change
Total Liabilities & Shareholders Equity	$481.3M	$465.4M
YoY Change	3.42%	-65.24%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$13.80M	-$109.0M
YoY Change	-112.66%	-56.42%
Depreciation, Depletion And Amortization	$13.70M	$16.20M
YoY Change	-15.43%	-55.98%
Cash From Operating Activities	$0.00	$3.300M
YoY Change	-100.0%	-92.63%
INVESTING ACTIVITIES
Capital Expenditures	-$22.40M	-$18.30M
YoY Change	22.4%	-76.45%
Acquisitions
YoY Change
Other Investing Activities	$200.0K	$0.00
YoY Change
Cash From Investing Activities	-$22.30M	-$18.30M
YoY Change	21.86%	-76.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	20.60M	14.40M
YoY Change	43.06%	-58.02%
NET CHANGE
Cash From Operating Activities	0.000	3.300M
Cash From Investing Activities	-22.30M	-18.30M
Cash From Financing Activities	20.60M	14.40M
Net Change In Cash	-1.700M	-600.0K
YoY Change	183.33%	-146.15%
FREE CASH FLOW
Cash From Operating Activities	$0.00	$3.300M
Capital Expenditures	-$22.40M	-$18.30M
Free Cash Flow	$22.40M	$21.60M
YoY Change	3.7%	-82.37%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	nog	Advances On Revolving Credit Facility AdvancesOnRevolvingCreditFacility	26000000	USD
	nog	Advances On Revolving Credit Facility AdvancesOnRevolvingCreditFacility	24000000	USD
	dei	Entity Registrant Name EntityRegistrantName	NORTHERN OIL & GAS, INC.
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001104485
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	63822028	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
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CY2017Q2	nog	Advances To Operators AdvancesToOperators	1631987	USD
	nog	Anticipated Timing Of Inclusion Of Cost In Amortization Calculation AnticipatedTimingOfInclusionOfCostInAmortizationCalculation	P5Y
CY2016Q2	nog	Average Acquisition Cost Per Net Acre AverageAcquisitionCostPerNetAcre	1704
CY2017Q2	nog	Average Acquisition Cost Per Net Acre AverageAcquisitionCostPerNetAcre	1642
	nog	Capitalized Asset Retirement Obligations CapitalizedAssetRetirementObligations	141028	USD
	nog	Capitalized Asset Retirement Obligations CapitalizedAssetRetirementObligations	862911	USD
CY2016Q2	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	652721	USD
	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	1434883	USD
CY2017Q2	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	240771	USD
	nog	Capitalized Certain Payroll And Other Internal Costs CapitalizedCertainPayrollAndOtherInternalCosts	445644	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
CY2017Q2	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	5900000	USD
	nog	Capitalized Costs Related To Expired Leases Subject To Depletion CapitalizedCostsRelatedToExpiredLeasesSubjectToDepletion	9600000	USD
CY2016Q2	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	19983750	USD
	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	45430650	USD
CY2017Q2	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	2341030	USD
	nog	Cash Received Paid On Derivatives CashReceivedPaidOnDerivatives	2245371	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	Total Capitalized Costs Oil And Gas Producing Activities TotalCapitalizedCostsOilAndGasProducingActivities	517412	USD
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	nog	Gas And Oil Acreage Net Acres Acquired GasAndOilAcreageNetAcresAcquired	1244	acre
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	nog	Impairment Costs Related To Expired Leases Subject To Depletion ImpairmentCostsRelatedToExpiredLeasesSubjectToDepletion	100000	USD
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	nog	Percentage Of Mineral Rights Developed PercentageOfMineralRightsDeveloped	0.83
	nog	Percentage Of Proved Reserves Sold To Be Considered Significant Alteration PercentageOfProvedReservesSoldToBeConsideredSignificantAlteration	0.25
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CY2017Q2	nog	Threshold Amount Of Fdic Coverage ThresholdAmountOfFdicCoverage	250000	USD
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CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.78
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-3.86
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.22
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.50
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.78
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-3.86
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.22
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.50
	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	792804	USD
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	143030	USD
CY2017Q2	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4586275	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	8923677	USD
CY2017Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4317139	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	7926083	USD
CY2017Q2	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2016Q2	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2016Q2	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	88880921	USD
CY2016Q2	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	88900000	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	193192043	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	193200000	USD
CY2017Q2	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-108978662	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-235544415	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	13801859	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	30742382	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2016Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1402179	USD
CY2017Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1402179	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-93913	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1794711	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-10886389	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	144477	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2868557	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-243356	USD
	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-20974	USD
	us-gaap	Increase Decrease In Asset Retirement Obligations IncreaseDecreaseInAssetRetirementObligations	-112193	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-93045	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-21652	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	358183	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1321846	USD
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
CY2017Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	242090	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	383244	shares
CY2016Q2	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	78680	USD
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	209604	USD
CY2017Q2	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	33000	USD
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	71768	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	16046325	USD
	us-gaap	Interest Expense InterestExpense	32145007	USD
CY2017Q2	us-gaap	Interest Expense InterestExpense	16428164	USD
	us-gaap	Interest Expense InterestExpense	32731970	USD
	us-gaap	Interest Paid InterestPaid	30186285	USD
	us-gaap	Interest Paid InterestPaid	30634506	USD
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	4682894	USD
CY2017Q2	us-gaap	Interest Payable Current InterestPayableCurrent	4666667	USD
CY2016Q4	us-gaap	Liabilities Liabilities	918954629	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	431532961	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	77443666	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	83343284	USD
CY2017Q2	us-gaap	Liabilities Liabilities	936776875	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	481305903	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	832625125	USD
CY2017Q2	us-gaap	Long Term Debt LongTermDebt	845281659	USD
CY2016Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	832625125	USD
CY2017Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	845281659	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-19814403	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	10155619	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-38431810	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-42576723	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	58522938	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	29743835	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-108978662	USD
	us-gaap	Net Income Loss NetIncomeLoss	-235544415	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	13801859	USD
	us-gaap	Net Income Loss NetIncomeLoss	30742382	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-16046144	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-33227360	USD
CY2017Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-16523118	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-32826744	USD
CY2016Q2	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	11081973	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	23041232	USD
CY2017Q2	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	12137540	USD
	us-gaap	Oil And Gas Production Expense OilAndGasProductionExpense	23811889	USD
CY2016Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	42527847	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	70895188	USD
CY2017Q2	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	48381006	USD
	us-gaap	Oil And Gas Sales Revenue OilAndGasSalesRevenue	97229228	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	124946744	USD
	us-gaap	Operating Expenses OperatingExpenses	266167516	USD
CY2017Q2	us-gaap	Operating Expenses OperatingExpenses	34576905	USD
	us-gaap	Operating Expenses OperatingExpenses	67149607	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-92932518	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-202317055	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	30324977	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	63569126	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8430359	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8138977	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-339821	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-25856	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	181	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	7154	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	181	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	361	USD
CY2016Q2	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	9327	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	14339	USD
CY2017Q2	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	7844	USD
	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	15590	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1385888	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	38431810	USD
	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	42748174	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	1584129	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	2905975	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	0	USD
	us-gaap	Proceeds From Sale Of Oil And Gas Property And Equipment ProceedsFromSaleOfOilAndGasPropertyAndEquipment	171451	USD
CY2016Q2	us-gaap	Production Tax Expense ProductionTaxExpense	4220712	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	6987612	USD
CY2017Q2	us-gaap	Production Tax Expense ProductionTaxExpense	4439774	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	8901040	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2432196199	USD
CY2017Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2490183954	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	376208433	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	407940138	USD
CY2016Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	977349	USD
CY2017Q2	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	977349	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	44000000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	13000000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-931379960	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-900637578	USD
CY2016Q2	us-gaap	Revenues Revenues	32014226	USD
	us-gaap	Revenues Revenues	63850461	USD
CY2017Q2	us-gaap	Revenues Revenues	64901882	USD
	us-gaap	Revenues Revenues	130718733	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	3300313	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1497183	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	0	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	391872	shares
CY2017Q2	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
CY2017Q2	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	0.00
CY2016	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P2Y10M24D
	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	200932	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P2Y4M24D
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	200932	shares
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2015	us-gaap	Stock Issued During Period Shares Other StockIssuedDuringPeriodSharesOther	1594542	shares
	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
	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	848562	shares
CY2015	us-gaap	Stock Issued During Period Shares Share Based Compensation Forfeited StockIssuedDuringPeriodSharesShareBasedCompensationForfeited	375875	shares
CY2011Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	150000000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	-487421668	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	-455470972	USD
CY2016Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-30506698	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-52489716	USD
CY2017Q2	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	14172002	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	31228544	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	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
CY2017Q2	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	5123000	USD
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	11609000	USD
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
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61885952	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61928799	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
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61643862	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61545555	shares
CY2016Q2	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
CY2017Q2	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	100000	USD
CY2017Q2	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	95135	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	100000	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	95135	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 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 style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></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, 2017</font><font style="font-family:inherit;font-size:10pt;">, approximately </font><font style="font-family:inherit;font-size:10pt;">83%</font><font style="font-family:inherit;font-size:10pt;"> of Northern’s </font><font style="font-family:inherit;font-size:10pt;">148,571</font><font style="font-family:inherit;font-size:10pt;"> total net acres were developed.</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
0001104485-17-000081-index-headers.html	Edgar Link	pending
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0001104485-17-000081.txt	Edgar Link	pending
0001104485-17-000081-xbrl.zip	Edgar Link	pending
exhibit1216-30x17.htm	Edgar Link	pending
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exhibit321-6x30x17.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nog-20170630.xml	Edgar Link	completed
nog-20170630.xsd	Edgar Link	pending
nog-20170630x10q.htm	Edgar Link	pending
nog-20170630_cal.xml	Edgar Link	unprocessable
nog-20170630_def.xml	Edgar Link	unprocessable
nog-20170630_lab.xml	Edgar Link	unprocessable
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$NOG
NORTHERN OIL & GAS, INC. Stock $nog

2017 Q2 Form 10-Q Financial Statement

#000110448517000081 Filed on August 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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

2017 Q2 Form 10-Q Financial Statement

#000110448517000081 Filed on August 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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