Business Summary
Northern Oil and Gas, Inc. (NYSE: NOG) is a non-operating oil and gas company that acquires minority working interests and mineral interests in unconventional oil and gas wells across four major U.S. basins: the Permian, Williston (Bakken/Three Forks), Appalachian (Marcellus/Utica), and Uinta. Unlike traditional E&P companies, NOG does not operate any wells directly; instead, it partners with over 100 operators who drill, complete, and manage production. This non-operator model eliminates direct drilling infrastructure costs, minimum drilling obligations, and allows well-by-well participation elections. Revenue comes from the sale of crude oil, natural gas, and natural gas liquids produced from its working interest positions.
Products & Services
- Non-operated working interests in oil and gas wells: Minority stakes in wells drilled and operated by third-party operators across four basins
- Mineral and royalty interests: Ownership interests that generate revenue without associated operating costs
- Well-by-well participation: Elective participation...
AI-generated summary of Item 1 (Business) from the 10-K filed Feb 26, 2026 — View filing on SEC.gov. May contain errors — refer to the filing for authoritative information.
Across SEC filings
Institutional holders · 13F
Q2 2026| Largest holders | Reported value |
|---|---|
| BlackRock Inc | $291.2M |
| AMERICAN CENTURY COMPANIES INC | $153.5M |
| STATE STREET CORPORATION | $133.5M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $124.5M |
| Invesco Ltd | $109.0M |
Annual results · 10-K
Fiscal 2025- Revenue
- $2.5B
- Net income
- $38.8M
As reported in the fiscal 2025 annual report.
Securities
Insider trades · Form 4
Latest filings
- William F Kimble 2026-10-05 Award
- Michael A Frantz 2026-10-05 Award
- Jennifer S. Pomerantz 2026-10-05 Award
- Stuart G. Lasher 2026-10-05 Award
- Lisa Meier 2026-10-05 Award
5%+ holders · 13D/G
6 filers| Filer | % of class | Filed |
|---|---|---|
| Invesco Ltd 13G | 6.3% | 2026-08-13 |
| STATE STREET CORPORATION 13G | 6.8% | 2026-08-07 |
| VANGUARD CAPITAL MANAGEMENT LLC 13G | 5.0% | 2026-04-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G | 6.3% | 2026-04-29 |
| AMERICAN CENTURY INVESTMENT MANAGEMENT INC 13G | 8.1% | 2025-08-14 |
| BlackRock Inc 13G | 14.1% | 2025-07-17 |
Latest Schedule 13D or 13G from each filer; stakes a filer has reported closed are left out.