Northern Oil and Gas

(NOG)

Crude oil-primary · Multi-basin · 14 hedge positions disclosed

As of Q1 2026 Press Release · Apr 29, 2026.

Northern Oil and Gas may have added, unwound, or restructured hedges since this filing · the changes won't appear here until their next quarterly disclosure. Treat all numbers below as a point-in-time snapshot. View source · Q1 2026 Press Release

Market Cap
$4.5B
Production /d
627
MBoe or MMcfe per filing
% Natural Gas
50%
FCF Breakeven
$30.00
$/Boe
Uses three-way collarsHedges NGLs

Crude Oil positions

TypePeriodVolumePrice level
SwapApr 2026 - Jun 202623,719 bbl/d$66.82
Three-way collarApr 2026 - Jun 20261,412 bbl/d$48.54 / $62.91 × $70.59
SwapJul 2026 - Sep 202620,745 bbl/d$67.78
Three-way collarJul 2026 - Sep 20262,250 bbl/d$47.22 / $62.34 × $70.46
SwapOct 2026 - Dec 202618,745 bbl/d$67.87
Three-way collarOct 2026 - Dec 20262,250 bbl/d$47.22 / $62.34 × $70.46
SwapJan 2027 - Dec 20276,125 bbl/d$69.50
Three-way collarJan 2027 - Dec 20271,500 bbl/d$45.00 / $68.00 × $72.00

Natural Gas positions

TypePeriodVolumePrice level
SwapApr 2026 - Jun 2026101,099 MMBtu/d$4.00
SwapJul 2026 - Sep 2026116,685 MMBtu/d$4.02
SwapOct 2026 - Dec 2026135,054 MMBtu/d$4.16
SwapJan 2027 - Dec 202781,000 MMBtu/d$3.99
SwapJan 2028 - Dec 202822,000 MMBtu/d$3.84
CollarJan 2029 - Dec 20298,000 MMBtu/d$3.50 × $3.88

Sourced from Northern Oil and Gas's Q1 2026 Press Release dated Apr 29, 2026. Hedge positions disclosed in 10-K / 10-Q filings reflect the company's book as of the filing date. Material activity may have occurred since. BoxWood does not estimate post-filing changes or current mark-to-market.

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