$NOG
NORTHERN OIL & GAS, INC.

2019 Q2 Form 10-Q Financial Statement

#000110448519000138 Filed on August 05, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $186.4M $66.85M
YoY Change 178.91% 3.0%
Cost Of Revenue $26.13M $14.55M
YoY Change 79.61% 19.87%
Gross Profit $160.3M $52.30M
YoY Change 206.53% -0.89%
Gross Profit Margin 85.98% 78.24%
Selling, General & Admin $5.250M $3.300M
YoY Change 59.09% -23.26%
% of Gross Profit 3.27% 6.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.09M $22.60M
YoY Change 103.94% 64.96%
% of Gross Profit 28.75% 43.21%
Operating Expenses $94.20M $50.53M
YoY Change 86.43% 46.13%
Operating Profit $92.24M $16.32M
YoY Change 465.26% -46.19%
Interest Expense $17.78M $22.40M
YoY Change -20.64% 36.37%
% of Operating Profit 19.27% 137.29%
Other Income/Expense, Net -$47.84M -$112.9M
YoY Change -57.61% 583.07%
Pretax Income $44.40M -$96.55M
YoY Change -145.99% -799.52%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $44.40M -$96.55M
YoY Change -145.99% -799.52%
Net Earnings / Revenue 23.81% -144.43%
Basic Earnings Per Share $0.12 -$0.49
Diluted Earnings Per Share $0.12 -$0.49
COMMON SHARES
Basic Shares Outstanding 378.4M shares 196.1M shares
Diluted Shares Outstanding 378.7M shares 196.1M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.794M $200.9M
YoY Change -98.61% 5186.84%
Cash & Equivalents $2.794M $200.9M
Short-Term Investments
Other Short-Term Assets $42.18M $6.000M
YoY Change 603.03% -69.07%
Inventory
Prepaid Expenses
Receivables $87.70M $68.27M
Other Receivables $395.0K $800.0K
Total Short-Term Assets $133.1M $276.0M
YoY Change -51.78% 354.9%
LONG-TERM ASSETS
Property, Plant & Equipment $1.293B $601.0M
YoY Change 115.18% 47.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.01M $5.302M
YoY Change 88.85% -34.86%
Total Long-Term Assets $1.361B $607.1M
YoY Change 124.23% 44.33%
TOTAL ASSETS
Total Short-Term Assets $133.1M $276.0M
Total Long-Term Assets $1.361B $607.1M
Total Assets $1.494B $883.1M
YoY Change 69.22% 83.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.36M $92.18M
YoY Change 1.28% 27.32%
Accrued Expenses $83.88M $5.917M
YoY Change 1317.63% 2.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $232.7M $158.0M
YoY Change 47.29% 89.58%
LONG-TERM LIABILITIES
Long-Term Debt $857.2M $834.8M
YoY Change 2.68% -1.24%
Other Long-Term Liabilities $329.0K $120.3K
YoY Change 173.49% -98.53%
Total Long-Term Liabilities $329.0K $120.3K
YoY Change 173.49% -99.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $232.7M $158.0M
Total Long-Term Liabilities $329.0K $120.3K
Total Liabilities $1.105B $1.031B
YoY Change 7.16% 10.05%
SHAREHOLDERS EQUITY
Retained Earnings -$859.6M -$1.034B
YoY Change -16.87% 14.82%
Common Stock $1.249B $886.3M
YoY Change 40.95% 99.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $389.6M -$147.8M
YoY Change
Total Liabilities & Shareholders Equity $1.494B $883.1M
YoY Change 69.22% 83.48%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $44.40M -$96.55M
YoY Change -145.99% -799.52%
Depreciation, Depletion And Amortization $46.09M $22.60M
YoY Change 103.94% 64.96%
Cash From Operating Activities $99.39M $18.10M
YoY Change 449.13%
INVESTING ACTIVITIES
Capital Expenditures -$113.2M -$101.7M
YoY Change 11.34% 354.02%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K
YoY Change -100.0% -50.0%
Cash From Investing Activities -$113.2M -$101.7M
YoY Change 11.34% 356.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.69M 195.0M
YoY Change -93.49% 846.6%
NET CHANGE
Cash From Operating Activities 99.39M 18.10M
Cash From Investing Activities -113.2M -101.7M
Cash From Financing Activities 12.69M 195.0M
Net Change In Cash -1.150M 111.4M
YoY Change -101.03% -6652.94%
FREE CASH FLOW
Cash From Operating Activities $99.39M $18.10M
Capital Expenditures -$113.2M -$101.7M
Free Cash Flow $212.6M $119.8M
YoY Change 77.48% 434.82%

Facts In Submission

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NORTHERN OIL AND GAS, INC.
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2635000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-425000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-90833000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-1498000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
173000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-120311000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-42077000 USD
nog Gain Loss On Debt Exchange Derivative
GainLossOnDebtExchangeDerivative
1413000 USD
nog Gain Loss On Debt Exchange Derivative
GainLossOnDebtExchangeDerivative
0 USD
nog Gain Loss On Contingent Consideration
GainLossOnContingentConsideration
-23371000 USD
nog Gain Loss On Contingent Consideration
GainLossOnContingentConsideration
0 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
1742000 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
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us-gaap Share Based Compensation
ShareBasedCompensation
4394000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
580000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2694000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
31000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
104000 USD
us-gaap Increase Decrease In Accounts Receivable
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-8845000 USD
us-gaap Increase Decrease In Accounts Receivable
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21232000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3251000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5940000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
11427000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
318000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
26000 USD
us-gaap Increase Decrease In Accrued Liabilities
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682000 USD
us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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198300000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
63617000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
140092000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
110720000 USD
us-gaap Payments To Acquire Oil And Gas Property
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19438000 USD
us-gaap Payments To Acquire Oil And Gas Property
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48975000 USD
nog Payments For Acquisition Deposit
PaymentsForAcquisitionDeposit
31000000 USD
nog Payments For Acquisition Deposit
PaymentsForAcquisitionDeposit
0 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
22000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
46000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
611000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-191141000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-159679000 USD
nog Advances On Revolving Credit Facility
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123000000 USD
nog Advances On Revolving Credit Facility
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0 USD
us-gaap Repayments Of Lines Of Credit
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90000000 USD
us-gaap Repayments Of Lines Of Credit
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0 USD
us-gaap Proceeds From Long Term Lines Of Credit
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0 USD
us-gaap Proceeds From Long Term Lines Of Credit
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60000000 USD
us-gaap Repayments Of Subordinated Debt
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10488000 USD
us-gaap Repayments Of Subordinated Debt
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us-gaap Payments Of Debt Issuance Costs
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120000 USD
us-gaap Payments Of Debt Issuance Costs
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6557000 USD
nog Payments For Debt Derivative Exchange Settlements
PaymentsForDebtDerivativeExchangeSettlements
894000 USD
nog Payments For Debt Derivative Exchange Settlements
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us-gaap Payment For Contingent Consideration Liability Financing Activities
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12528000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
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0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
141710000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
584000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
349000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
194804000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
436000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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98741000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2358000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102183000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2794000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200924000 USD
CY2018Q4 us-gaap Stockholders Equity
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CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2019Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2832000 USD
CY2019Q1 nog Restricted Stock Surrenders Tax Obligations Value
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558000 USD
CY2019Q1 nog Stock Repurchased During Period Value Net Of Contingent Consideration Settlements
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15108000 USD
CY2019Q1 nog Stock Issued During Period Value Contingent Consideration Settlements
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CY2019Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Stockholders Equity
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312760000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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0 USD
CY2019Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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0 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1750000 USD
CY2019Q2 nog Restricted Stock Surrenders Tax Obligations Value
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26000 USD
CY2019Q2 nog Stock Issued During Period Value Debt Exchange Agreements
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CY2019Q2 nog Stock Issued During Period Value Contingent Consideration Settlements
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18575000 USD
CY2019Q2 us-gaap Net Income Loss
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44399000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
389649000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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-712000 USD
CY2018Q1 nog Restricted Stock Surrenders Tax Obligations Value
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188000 USD
CY2018Q1 us-gaap Net Income Loss
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2965000 USD
CY2018Q1 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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3000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1397000 USD
CY2018Q2 nog Restricted Stock Surrenders Tax Obligations Value
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CY2018Q2 us-gaap Stock Issued During Period Value New Issues
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CY2018Q2 nog Stock Issued During Period Value Debt Exchange Agreements
StockIssuedDuringPeriodValueDebtExchangeAgreements
279314000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
15240000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-96547000 USD
CY2018Q2 us-gaap Stockholders Equity
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-147820000 USD
us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION AND NATURE OF BUSINESS<div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">Northern Oil and Gas, Inc. (the “Company,” “Northern,” “our” and words of similar import), a Delaware 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 American market under the symbol “NOG”.</span></div><div><span><br/></span></div><div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">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.</span></div><div style="text-align:justify;"><span><br/></span></div><div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">For the six months ended June 30, 2019, crude oil accounted for 81% of the Company’s total production and 93% of its oil and gas sales.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
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 reserves, estimates relating to certain crude oil and natural gas revenues and expenses, fair value of derivative instruments, fair value of contingent consideration, acquisition date fair values of assets acquired and liabilities assumed, impairment of oil and natural gas properties, asset retirement obligations and deferred income taxes.  Actual results may differ from those estimates.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;text-decoration: underline;">Reclassifications</span></div><div style="text-align:justify;"><span><br/></span></div><div style="text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">Certain prior period balances in the balance sheets have been reclassified to conform to the current year presentation. Such reclassifications had no impact on net income, cash flows or stockholders’ equity previously reported.</span></div>
CY2019Q2 nog Revenuefrom Contractwith Customer Numberof Revenue Sources
RevenuefromContractwithCustomerNumberofRevenueSources
2 revenue_source
CY2019Q2 nog Numberof Geographic Areasinwhich Entity Operates
NumberofGeographicAreasinwhichEntityOperates
1 geographic_area
CY2019Q2 us-gaap Net Income Loss
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44399000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-96547000 USD
us-gaap Net Income Loss
NetIncomeLoss
-62762000 USD
us-gaap Net Income Loss
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-93582000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378368462 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
196140610 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
374927630 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
131039552 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
356049 shares
CY2018Q2 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
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
378724511 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
196140610 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
374927630 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131039552 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.71
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.71
us-gaap Interest Paid Net
InterestPaidNet
34403000 USD
us-gaap Interest Paid Net
InterestPaidNet
35064000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
151145000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
80097000 USD
nog Capitalized Asset Retirement Obligations
CapitalizedAssetRetirementObligations
470000 USD
nog Capitalized Asset Retirement Obligations
CapitalizedAssetRetirementObligations
593000 USD
nog Compensation Capitalizedon Oiland Gas Properties
CompensationCapitalizedonOilandGasProperties
190000 USD
nog Compensation Capitalizedon Oiland Gas Properties
CompensationCapitalizedonOilandGasProperties
107000 USD
us-gaap Stock Issued1
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us-gaap Stock Issued1
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279314000 USD
nog Derivative Liability Assumed
DerivativeLiabilityAssumed
12192000 USD
nog Derivative Liability Assumed
DerivativeLiabilityAssumed
0 USD
nog Noncash Or Part Noncash Acquisition Contingent Consideration Settlements
NoncashOrPartNoncashAcquisitionContingentConsiderationSettlements
21462000 USD
nog Noncash Or Part Noncash Acquisition Contingent Consideration Settlements
NoncashOrPartNoncashAcquisitionContingentConsiderationSettlements
0 USD
CY2019Q2 nog Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
11300000 USD
nog Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
19700000 USD
CY2018Q4 us-gaap Long Term Debt
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830203000 USD
nog Anticipated Timing Of Inclusion Of Cost In Amortization Calculation
AnticipatedTimingOfInclusionOfCostInAmortizationCalculation
P5Y
CY2019Q2 nog Lease Amount Expired
LeaseAmountExpired
1000000.0 USD
CY2018Q2 nog Lease Amount Expired
LeaseAmountExpired
1200000 USD
nog Lease Amount Expired
LeaseAmountExpired
1800000 USD
nog Lease Amount Expired
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5000000.0 USD
CY2019Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
861491000 USD
CY2019Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-11566000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15860000 USD
CY2019Q2 us-gaap Long Term Debt
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857198000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
835140000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-13237000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18173000 USD
CY2019Q2 nog Stock Shares Authorized
StockSharesAuthorized
680000000 shares
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
675000000 shares
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
378333000 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
66792000 shares
us-gaap Stock Repurchased During Period Shares
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5635000 shares
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
7360000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
0 shares
CY2018 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
63000 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
3169000 shares
CY2018 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
3295000 shares
nog Stock Issued During Period Shares Debt Exchange Agreements
StockIssuedDuringPeriodSharesDebtExchangeAgreements
5250000 shares
CY2018 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2018 nog Stock Issued During Period Shares Debt Exchange Agreements
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us-gaap Stock Issued During Period Shares New Issues
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0 shares
us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
0 shares
CY2018 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
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nog Stock Issued During Period Shares Sharebased Compensation Legal Settlement
StockIssuedDuringPeriodSharesSharebasedCompensationLegalSettlement
8956000 shares
CY2018 nog Stock Issued During Period Shares Sharebased Compensation Legal Settlement
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0 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
230000 shares
CY2018 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
267000 shares
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
407000 shares
CY2018 us-gaap Stock Issued During Period Shares Other
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911000 shares
CY2019Q2 us-gaap Common Stock Shares Outstanding
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389436000 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
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378333000 shares
us-gaap Debt Conversion Converted Instrument Shares Issued1
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5200000 shares
CY2011Q2 us-gaap Stock Repurchase Program Authorized Amount1
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150000000.0 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5600000 shares
CY2019Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
16300000 USD
us-gaap Stock Repurchased During Period Value
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16300000 USD
nog Stock Repurchased During Period Value Settlement Of Contingent Consideration Liabilities
StockRepurchasedDuringPeriodValueSettlementOfContingentConsiderationLiabilities
1200000 USD
CY2019Q2 nog Stock Repurchased During Period Value Settlement Of Contingent Consideration Liabilities
StockRepurchasedDuringPeriodValueSettlementOfContingentConsiderationLiabilities
1200000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2018Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2019Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2019Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
106000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
76000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
190000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
107000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
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1643000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
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1324000 USD
us-gaap Allocated Share Based Compensation Expense
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4394000 USD
us-gaap Allocated Share Based Compensation Expense
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580000 USD
CY2019Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2018Q2 us-gaap Current Income Tax Expense Benefit
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0 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2019Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8340000 USD
CY2018Q2 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-19180000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-12897000 USD
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-18560000 USD
CY2019Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1829000 USD
CY2018Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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us-gaap Deferred State And Local Income Tax Expense Benefit
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us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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0 USD

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