2023 Q1 Form 10-K Financial Statement

#000110448523000041 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $582.2M $370.4M $1.571B
YoY Change -1868.04% 16.04% 216.07%
Cost Of Revenue $78.09M $110.5M $260.7M
YoY Change 43.18% 46.09% 52.61%
Gross Profit $504.1M $259.9M $1.310B
YoY Change -676.34% 6.71% 301.7%
Gross Profit Margin 86.59% 70.17% 83.4%
Selling, General & Admin $1.200M $21.83M $47.19M
YoY Change -82.89% 108.68% 55.53%
% of Gross Profit 0.24% 8.4% 3.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $94.62M $77.32M $251.3M
YoY Change 77.9% 80.58% 78.42%
% of Gross Profit 18.77% 29.75% 19.18%
Operating Expenses $96.82M $99.15M $298.5M
YoY Change 60.83% 86.1% 74.37%
Operating Profit $360.6M $160.7M $853.2M
YoY Change -290.7% -15.52% 994.41%
Interest Expense $30.14M -$24.59M $80.33M
YoY Change 67.68% 60.58% 36.11%
% of Operating Profit 8.36% -15.3% 9.42%
Other Income/Expense, Net -$19.71M $0.00 -$76.85M
YoY Change 18.09% -100.0% 7.69%
Pretax Income $340.9M $145.0M $776.3M
YoY Change -265.66% -17.1% 11673.4%
Income Tax $692.0K -$27.00K $3.101M
% Of Pretax Income 0.2% -0.02% 0.4%
Net Earnings $340.2M $133.3M $773.2M
YoY Change -264.69% -23.72% 12055.9%
Net Earnings / Revenue 58.43% 35.99% 49.23%
Basic Earnings Per Share $4.01 $9.26
Diluted Earnings Per Share $3.98 $1.56 $8.92
COMMON SHARES
Basic Shares Outstanding 85.27M shares 77.87M shares 78.56M shares
Diluted Shares Outstanding 85.41M shares 86.68M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.073M $2.528M $2.528M
YoY Change 82.1% -73.44% -73.44%
Cash & Equivalents $6.073M $2.528M $2.528M
Short-Term Investments
Other Short-Term Assets $115.5M $46.28M $46.28M
YoY Change 416.25% 277.67% 277.67%
Inventory
Prepaid Expenses
Receivables $274.4M $271.3M $271.3M
Other Receivables $0.00 $338.0K $338.0K
Total Short-Term Assets $395.9M $320.5M $320.5M
YoY Change 22.41% 48.84% 48.84%
LONG-TERM ASSETS
Property, Plant & Equipment $2.916B $2.483B $2.483B
YoY Change 72.59% 98.1% 98.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.49M $16.22M $68.57M
YoY Change 50.11% 38.83% 36.6%
Total Long-Term Assets $2.947B $2.555B $2.555B
YoY Change 73.25% 95.38% 95.38%
TOTAL ASSETS
Total Short-Term Assets $395.9M $320.5M $320.5M
Total Long-Term Assets $2.947B $2.555B $2.555B
Total Assets $3.343B $2.875B $2.875B
YoY Change 65.12% 88.8% 88.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $134.3M $128.6M $128.6M
YoY Change 32.02% 96.42% 96.42%
Accrued Expenses $162.1M $121.7M $146.1M
YoY Change 17.79% 15.29% 15.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $345.3M $345.0M $345.0M
YoY Change -44.8% 5.32% 5.32%
LONG-TERM LIABILITIES
Long-Term Debt $1.757B $1.525B $1.525B
YoY Change 56.94% 89.86% 89.86%
Other Long-Term Liabilities $3.042M $2.045M $259.5M
YoY Change 32.03% -34.24% 46.85%
Total Long-Term Liabilities $3.042M $2.045M $1.785B
YoY Change 32.03% -99.75% 82.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $345.3M $345.0M $345.0M
Total Long-Term Liabilities $3.042M $2.045M $1.785B
Total Liabilities $2.295B $2.130B $2.130B
YoY Change 11.41% 62.87% 62.87%
SHAREHOLDERS EQUITY
Retained Earnings -$660.6M -$1.001B
YoY Change -66.65% -43.59%
Common Stock $1.709B $487.0K
YoY Change -12.16% -99.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.048B $745.3M $745.3M
YoY Change
Total Liabilities & Shareholders Equity $3.343B $2.875B $2.875B
YoY Change 65.12% 88.8% 88.8%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $340.2M $133.3M $773.2M
YoY Change -264.69% -23.72% 12055.9%
Depreciation, Depletion And Amortization $94.62M $77.32M $251.3M
YoY Change 77.9% 80.58% 78.42%
Cash From Operating Activities $269.3M $287.4M $928.4M
YoY Change 74.84% 115.91% 134.17%
INVESTING ACTIVITIES
Capital Expenditures $461.2M $529.7M $1.360B
YoY Change -210.45% -331.36% -329.0%
Acquisitions
YoY Change
Other Investing Activities -$14.50M -$43.00M
YoY Change -64.33% 5.78%
Cash From Investing Activities -$461.2M -$544.2M -$1.403B
YoY Change 10.45% 101.85% 121.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $54.50M
YoY Change -112.44%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $195.5M 250.3M $467.4M
YoY Change -24.06% 73.75% 89.94%
NET CHANGE
Cash From Operating Activities $269.3M 287.4M $928.4M
Cash From Investing Activities -$461.2M -544.2M -$1.403B
Cash From Financing Activities $195.5M 250.3M $467.4M
Net Change In Cash $3.545M -6.602M -$6.992M
YoY Change -157.32% -187.86% -186.41%
FREE CASH FLOW
Cash From Operating Activities $269.3M $287.4M $928.4M
Capital Expenditures $461.2M $529.7M $1.360B
Free Cash Flow -$191.9M -$242.4M -$431.4M
YoY Change -133.57% -166.94% -143.56%

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CY2020 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2021 us-gaap Preferred Stock Redemption Premium
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CY2020 us-gaap Preferred Stock Redemption Premium
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Earnings Per Share Basic
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162120000 usd
CY2022 us-gaap Amortization Of Financing Costs
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CY2021 us-gaap Earnings Per Share Basic
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CY2020 us-gaap Earnings Per Share Basic
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CY2020 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
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CY2021 us-gaap Amortization Of Financing Costs
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CY2020 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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810000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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CY2022 us-gaap Amortization Of Debt Discount Premium
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CY2021 us-gaap Amortization Of Debt Discount Premium
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CY2020 us-gaap Amortization Of Debt Discount Premium
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CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
233000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
41180000 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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CY2022 nog Gain Loss On Contingent Consideration
GainLossOnContingentConsideration
1859000 usd
CY2021 nog Gain Loss On Contingent Consideration
GainLossOnContingentConsideration
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CY2020 nog Gain Loss On Contingent Consideration
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2020 us-gaap Share Based Compensation
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CY2022 us-gaap Impairment Of Oil And Gas Properties
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CY2021 us-gaap Impairment Of Oil And Gas Properties
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CY2020 us-gaap Impairment Of Oil And Gas Properties
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CY2022 us-gaap Other Noncash Income Expense
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CY2021 us-gaap Other Noncash Income Expense
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CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2020 us-gaap Proceeds From Lines Of Credit
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
720000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
14091000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
12318000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
342000 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
3607000 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
11937000 usd
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
928418000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
396467000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
331685000 usd
CY2022 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
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CY2021 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
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CY2020 us-gaap Payments To Explore And Develop Oil And Gas Properties
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CY2022 nog Payments For Acquisition Deposit
PaymentsForAcquisitionDeposit
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CY2021 nog Payments For Acquisition Deposit
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CY2020 nog Payments For Acquisition Deposit
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CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Other Property Plant And Equipment
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556000 usd
CY2020 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
295000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1260000000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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CY2022 nog Purchase Of Capped Call
PurchaseOfCappedCall
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CY2021 nog Purchase Of Capped Call
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CY2020 nog Purchase Of Capped Call
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CY2022 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
482971000 usd
CY2021 us-gaap Proceeds From Unsecured Notes Payable
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CY2020 us-gaap Proceeds From Unsecured Notes Payable
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CY2022 us-gaap Repayments Of Subordinated Debt
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CY2021 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
295918000 usd
CY2020 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
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CY2022 us-gaap Repayments Of Senior Debt
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CY2021 us-gaap Repayments Of Senior Debt
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CY2020 us-gaap Repayments Of Senior Debt
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CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
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CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
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CY2020 us-gaap Proceeds From Issuance Of Unsecured Debt
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CY2022 us-gaap Repayments Of Unsecured Debt
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CY2021 us-gaap Repayments Of Unsecured Debt
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CY2020 us-gaap Repayments Of Unsecured Debt
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CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2020 us-gaap Payments Of Debt Issuance Costs
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2020 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Payments Of Dividends Common Stock
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CY2021 us-gaap Payments Of Dividends Common Stock
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4938000 usd
CY2020 us-gaap Payments Of Dividends Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
54502000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
81236000 usd
CY2021 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2020 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
21664000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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29212000 usd
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2206000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
839000 usd
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
439000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
246059000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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8092000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9519000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2528000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9519000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1428000 usd
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
558643000 usd
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4612000 usd
CY2020 nog Stock Issued During Period Value Restricted Stock Award Surrenders Tax Obligations
StockIssuedDuringPeriodValueRestrictedStockAwardSurrendersTaxObligations
439000 usd
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2020 nog Stock Issued During Period Value Debt Exchange Agreements
StockIssuedDuringPeriodValueDebtExchangeAgreements
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CY2020 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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CY2020 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1537000 usd
CY2020 us-gaap Net Income Loss
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3903000 usd
CY2021 nog Stock Issued During Period Value Restricted Stock Award Surrenders Tax Obligations
StockIssuedDuringPeriodValueRestrictedStockAwardSurrendersTaxObligations
839000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
438077000 usd
CY2021 nog Stock Issued During Period Value Warrants Issued
StockIssuedDuringPeriodValueWarrantsIssued
30512000 usd
CY2021 nog Stock Issued During Period Value Contingent Consideration Settlements
StockIssuedDuringPeriodValueContingentConsiderationSettlements
785000 usd
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
29212000 usd
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
11149000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
6361000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
215135000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5873000 usd
CY2022 nog Stock Issued During Period Value Restricted Stock Award Surrenders Tax Obligations
StockIssuedDuringPeriodValueRestrictedStockAwardSurrendersTaxObligations
2206000 usd
CY2022 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
17870000 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
54502000 usd
CY2022 nog Purchase Of Capped Calls
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36100000 usd
CY2022 nog Stock Repurchased During Period Value Preferred Stock
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81236000 usd
CY2022 us-gaap Dividends Preferred Stock
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21664000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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0 usd
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
71148000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
773237000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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745260000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
ORGANIZATION AND NATURE OF BUSINESS<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;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 New York Stock Exchange under the symbol “NOG”.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s principal business is crude oil and natural gas exploration, development, and production with operations in the United States.  The Company’s primary strategy is investing in non-operated minority working and mineral interests in oil and gas properties in the United States.</span></div>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant estimates relate to proved crude oil and natural gas reserves, which includes limited control over future development plans as a non-operator, 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 crude oil and natural gas properties, asset retirement obligations and deferred income taxes.  </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management’s estimates and assumptions were based on historical data and consideration of future market conditions. Given the uncertainty inherent in any projection, actual results may differ from the estimates and assumptions used, and conditions may change, which could materially affect amounts reported in the financial statements.</span></div>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications Certain prior period balances in the statements of cash flows have been reclassified to conform to the current year presentation. Such reclassifications had no impact on net income (loss), cash flows or stockholders’ equity (deficit) previously reported.
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4900000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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3900000 usd
CY2022 nog Period For Advance Payments To Be Applied Against Joint Interest Billings
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P90D
CY2022 us-gaap Other Asset Impairment Charges
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0 usd
CY2022 nog Capitalized Certain Payroll And Other Internal Costs
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1045000 usd
CY2021 nog Capitalized Certain Payroll And Other Internal Costs
CapitalizedCertainPayrollAndOtherInternalCosts
1353000 usd
CY2020 nog Capitalized Certain Payroll And Other Internal Costs
CapitalizedCertainPayrollAndOtherInternalCosts
1159000 usd
CY2022 us-gaap Interest Costs Capitalized
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3365000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1103000 usd
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
556000 usd
CY2022 nog Total Capitalized Costs Oil And Gas Producing Activities
TotalCapitalizedCostsOilAndGasProducingActivities
4410000 usd
CY2021 nog Total Capitalized Costs Oil And Gas Producing Activities
TotalCapitalizedCostsOilAndGasProducingActivities
2456000 usd
CY2020 nog Total Capitalized Costs Oil And Gas Producing Activities
TotalCapitalizedCostsOilAndGasProducingActivities
1716000 usd
CY2022 nog Percentage Of Proved Reserves Sold To Be Considered Significant Alteration
PercentageOfProvedReservesSoldToBeConsideredSignificantAlteration
0.25
CY2022Q4 nog Capitalized Costs Proved Properties Net
CapitalizedCostsProvedPropertiesNet
2500000000 usd
CY2022 nog Crude Oil And Natural Gas Properties Discount Rate
CrudeOilAndNaturalGasPropertiesDiscountRate
0.10
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2021 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2020 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
1066700000 usd
CY2022 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
248252000 usd
CY2021 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
138759000 usd
CY2020 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
160643000 usd
CY2022 nog Depletion Per Barrel Of Oil Equivalents Boe
DepletionPerBarrelOfOilEquivalentsBOE
9.01
CY2021 nog Depletion Per Barrel Of Oil Equivalents Boe
DepletionPerBarrelOfOilEquivalentsBOE
7.07
CY2020 nog Depletion Per Barrel Of Oil Equivalents Boe
DepletionPerBarrelOfOilEquivalentsBOE
13.27
CY2022 nog Capitalized Costs Relatedto Expired Leases Subjectto Depletion
CapitalizedCostsRelatedtoExpiredLeasesSubjecttoDepletion
8700000 usd
CY2021 nog Capitalized Costs Relatedto Expired Leases Subjectto Depletion
CapitalizedCostsRelatedtoExpiredLeasesSubjecttoDepletion
3000000 usd
CY2020 nog Capitalized Costs Relatedto Expired Leases Subjectto Depletion
CapitalizedCostsRelatedtoExpiredLeasesSubjecttoDepletion
2900000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Concentrations of Market, Credit Risk and Other Risks</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, indirectly via the third-party operators of the wells, from purchasers of its crude oil and natural gas production.  While certain of these customers, as well as third-party operators of the wells, 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 have been immaterial.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a non-operator, 100% of the Company’s wells are operated by third-party operating partners. As a result, the Company is highly dependent on the success of these third-party operators. If they are not successful in the development, exploitation, production and exploration activities relating to the Company’s leasehold interests, or are unable or unwilling to perform, the Company’s financial condition and results of operation could be adversely affected. These risks are heightened in a low commodity price environment, which may present significant challenges to these third-party operators. The Company’s third-party operators will make decisions in connection with their operations that may not be in the Company’s best interests, and the Company may have little or no ability to exercise influence over the operational decisions of its third-party operators. For the years ended December 31, 2022, 2021 and 2020, the Company’s top four operators made up 39%, 50% and 49%, respectively, of total oil and natural gas sales.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company faces concentration risk due to the fact that a majority of its oil and natural gas revenue is sourced from North Dakota. Acquisitions since 2021 have diversified the Company’s portfolio to include New Mexico, Pennsylvania, and Texas, but the Company remains disproportionately exposed to risks affecting a limited number of geographic areas of operations.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 </span></div>normal course of business, letters of credit or parent guarantees may be required for counterparties which management perceives to have a higher credit risk.
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
156300000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
341300000 usd
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2022 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
1
CY2022 us-gaap Interest Paid Net
InterestPaidNet
74933000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
46951000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
55109000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
3672000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
163059000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
111897000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
88564000 usd
CY2022 nog Capitalized Asset Retirement Obligations
CapitalizedAssetRetirementObligations
3917000 usd
CY2021 nog Capitalized Asset Retirement Obligations
CapitalizedAssetRetirementObligations
6950000 usd
CY2020 nog Capitalized Asset Retirement Obligations
CapitalizedAssetRetirementObligations
710000 usd
CY2022 nog Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsideration
11966000 usd
CY2021 nog Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsideration
785000 usd
CY2020 nog Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsideration
324000 usd
CY2022 nog Compensation Capitalized On Oil And Gas Properties
CompensationCapitalizedOnOilAndGasProperties
218000 usd
CY2021 nog Compensation Capitalized On Oil And Gas Properties
CompensationCapitalizedOnOilAndGasProperties
282000 usd
CY2020 nog Compensation Capitalized On Oil And Gas Properties
CompensationCapitalizedOnOilAndGasProperties
495000 usd
CY2022 nog Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Warrants Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationWarrantsIssuedValue
17870000 usd
CY2021 nog Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Warrants Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationWarrantsIssuedValue
30512000 usd
CY2020 nog Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Warrants Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationWarrantsIssuedValue
0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 usd
CY2020 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
1537000 usd
CY2022 nog Property And Equipment Other Incurred But Not Yet Paid
PropertyAndEquipmentOtherIncurredButNotYetPaid
0 usd
CY2021 nog Property And Equipment Other Incurred But Not Yet Paid
PropertyAndEquipmentOtherIncurredButNotYetPaid
578000 usd
CY2020 nog Property And Equipment Other Incurred But Not Yet Paid
PropertyAndEquipmentOtherIncurredButNotYetPaid
0 usd
CY2022 nog Dividends Declared Common Stock
DividendsDeclaredCommonStock
19546000 usd
CY2021 nog Dividends Declared Common Stock
DividendsDeclaredCommonStock
6210000 usd
CY2020 nog Dividends Declared Common Stock
DividendsDeclaredCommonStock
0 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
36627000 usd
CY2021 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
CY2020 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
1113000 usd
CY2022 nog Warrants Issued
WarrantsIssued
17870000 usd
CY2021 nog Warrants Issued
WarrantsIssued
0 usd
CY2020 nog Warrants Issued
WarrantsIssued
0 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1747105000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
729487000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
904583000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
124294000 usd
CY2022Q4 nog Unproven Leasehold Interests
UnprovenLeaseholdInterests
27663 acre
CY2021Q4 nog Unproven Leasehold Interests
UnprovenLeaseholdInterests
29835 acre
CY2022 nog Anticipated Timing Of Inclusion Of Cost In Amortization Calculation
AnticipatedTimingOfInclusionOfCostInAmortizationCalculation
P5Y
CY2022Q4 nog Capitalized Costs Oil And Gas Producing Activities Property Acquisition
CapitalizedCostsOilAndGasProducingActivitiesPropertyAcquisition
17659000 usd
CY2021Q4 nog Capitalized Costs Oil And Gas Producing Activities Property Acquisition
CapitalizedCostsOilAndGasProducingActivitiesPropertyAcquisition
16337000 usd
CY2020Q4 nog Capitalized Costs Oil And Gas Producing Activities Property Acquisition
CapitalizedCostsOilAndGasProducingActivitiesPropertyAcquisition
160000 usd
CY2019Q4 nog Capitalized Costs Oil And Gas Producing Activities Property Acquisition
CapitalizedCostsOilAndGasProducingActivitiesPropertyAcquisition
7409000 usd
CY2022Q4 nog Capitalized Costs Oil And Gas Producing Activities Development Costs
CapitalizedCostsOilAndGasProducingActivitiesDevelopmentCosts
0 usd
CY2021Q4 nog Capitalized Costs Oil And Gas Producing Activities Development Costs
CapitalizedCostsOilAndGasProducingActivitiesDevelopmentCosts
0 usd
CY2020Q4 nog Capitalized Costs Oil And Gas Producing Activities Development Costs
CapitalizedCostsOilAndGasProducingActivitiesDevelopmentCosts
0 usd
CY2019Q4 nog Capitalized Costs Oil And Gas Producing Activities Development Costs
CapitalizedCostsOilAndGasProducingActivitiesDevelopmentCosts
0 usd
CY2022Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
17659000 usd
CY2021Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
16337000 usd
CY2020Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
160000 usd
CY2019Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
7409000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1543235000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-10682000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28504000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1525413000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
805000000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-13217000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14780000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
803437000 usd
CY2022Q4 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
36100000 usd
CY2022Q4 nog Capped Call Transaction Common Stock Premium Over Share Price Percent
CappedCallTransactionCommonStockPremiumOverSharePricePercent
0.75
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
135000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
85165807 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
85165807 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
77341921 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
77341921 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.19
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2218732 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2218732 shares
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.06500
CY2011Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1909097 shares
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
54500000 usd
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022Q2 us-gaap Share Price
SharePrice
24.98
CY2022 nog Long Term Purchase Commitment Minimum Volume Required Year One
LongTermPurchaseCommitmentMinimumVolumeRequiredYearOne
19000000.0 bcf
CY2022 nog Long Term Purchase Commitment Minimum Volume Required Year Two
LongTermPurchaseCommitmentMinimumVolumeRequiredYearTwo
18400000 bcf
CY2022 nog Long Term Purchase Commitment Minimum Volume Required Year Three
LongTermPurchaseCommitmentMinimumVolumeRequiredYearThree
3200000 bcf
CY2022 us-gaap Long Term Purchase Commitment Minimum Volume Required
LongTermPurchaseCommitmentMinimumVolumeRequired
40600000 bcf
CY2022 nog Supply Commitment Underdelivery Payments Amount
SupplyCommitmentUnderdeliveryPaymentsAmount
8500000 usd
CY2021 nog Supply Commitment Underdelivery Payments Amount
SupplyCommitmentUnderdeliveryPaymentsAmount
700000 usd
CY2020 nog Supply Commitment Underdelivery Payments Amount
SupplyCommitmentUnderdeliveryPaymentsAmount
0 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
28012000 usd
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
19181000 usd
CY2022 nog Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
2158000 usd
CY2021 nog Asset Retirement Obligation Liabilities Acquired
AssetRetirementObligationLiabilitiesAcquired
8419000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1014000 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
3075000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
276000 usd
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-4084000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1980000 usd
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1654000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
359000 usd
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
234000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
33082000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
28012000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-376000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3101000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
233000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
164453000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
130000 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-175309000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
20627000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3984000 usd
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-17778000 usd
CY2022 nog Income Tax Expense Benefit Valuation Allowance
IncomeTaxExpenseBenefitValuationAllowance
185080000 usd
CY2021 nog Income Tax Expense Benefit Valuation Allowance
IncomeTaxExpenseBenefitValuationAllowance
-3854000 usd
CY2020 nog Income Tax Expense Benefit Valuation Allowance
IncomeTaxExpenseBenefitValuationAllowance
-193297000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3101000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
233000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-166000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
3532000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
776338000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6594000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-906207000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
163031000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1385000 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-190303000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
20270000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3752000 usd
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-20881000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-1488000 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
3686000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 usd
CY2022 nog Effective Income Tax Rate Reconciliation Net Operating Loss Adjustments Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentsAmount
0 usd
CY2021 nog Effective Income Tax Rate Reconciliation Net Operating Loss Adjustments Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentsAmount
0 usd
CY2020 nog Effective Income Tax Rate Reconciliation Net Operating Loss Adjustments Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentsAmount
12494000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1347000 usd
CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
234000 usd
CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
1541000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-185080000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3854000 usd
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
193297000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3101000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
233000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-166000 usd
CY2020 nog Effective Income Tax Rate Reconciliation Net Operating Loss Adjustments Amount
EffectiveIncomeTaxRateReconciliationNetOperatingLossAdjustmentsAmount
12500000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
156300000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
134103000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
150736000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
901000 usd
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DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
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PreferredStockDividendsIncomeStatementImpact
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PreferredStockDividendsIncomeStatementImpact
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NetIncomeLossAvailableToCommonStockholdersBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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EarningsPerShareBasic
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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DilutiveSecurities
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CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
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434519000 usd
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CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
51097000 usd
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CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
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CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
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CostsIncurredDevelopmentCosts
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CostsIncurredDevelopmentCosts
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CY2022 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
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CY2021 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
656202000 usd
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CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
213912000 usd
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17659000 usd
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16337000 usd
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160000 usd
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7409000 usd
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0 usd
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0 usd
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0 usd
CY2022Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
17659000 usd
CY2021Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
16337000 usd
CY2020Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
160000 usd
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CapitalizedCostsOilAndGasProducingActivitiesNet
7409000 usd
CY2022 nog Proved Developedand Undeveloped Reserve Revisionof Previous Estimate Downward Adjustment Due To Removal Of Undeveloped Drilling Locations Energy
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-14.4 boe
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
22452776000 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
11339861000 usd
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
3395670000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
6820784000 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
4213186000 usd
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts
1747325000 usd
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1145225000 usd
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FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
932480000 usd
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416507000 usd
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2764111000 usd
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3273000 usd
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11722656000 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
5246892000 usd
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
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1228565000 usd
CY2022Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
5285758000 usd
CY2021Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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2356783000 usd
CY2020Q4 srt Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
516554000 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
6436898000 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
2890109000 usd
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
712011000 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
2890109000 usd
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
712011000 usd
CY2019Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1678061000 usd
CY2022 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
1566927000 usd
CY2021 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
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727317000 usd
CY2020 srt Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
177932000 usd
CY2022 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
888067000 usd
CY2021 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
258399000 usd
CY2020 srt Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
52232000 usd
CY2022 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
147439000 usd
CY2021 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
85526000 usd
CY2020 srt Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
78633000 usd
CY2022 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
3424794000 usd
CY2021 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
1366197000 usd
CY2020 srt Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-815278000 usd
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IncreaseDecreaseInEstimatedFutureDevelopmentCosts
141884000 usd
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IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-103806000 usd
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CY2022 srt Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-134880000 usd
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RevisionsOfPreviousQuantityEstimates
607774000 usd
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RevisionsOfPreviousQuantityEstimates
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CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
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334109000 usd
CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
71254000 usd
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
182202000 usd
CY2022 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
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IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
-450455000 usd
CY2020 srt Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
143438000 usd
CY2022 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
1157060000 usd
CY2021 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
940910000 usd
CY2020 srt Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
0 usd
CY2022 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
169521000 usd
CY2021 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
129615000 usd
CY2020 srt Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
19902000 usd
CY2022Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
6436898000 usd
CY2021Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
2890109000 usd
CY2020Q4 srt Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
712011000 usd

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