form8k_10122010.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
_______________________________
 
FORM 8-K
 
_______________________________
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  October 12, 2010
 
_______________________________
 
NORTHERN OIL AND GAS, INC.
(Exact name of Registrant as specified in its charter)
 
Minnesota
001-33999
95-3848122
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)

315 Manitoba Avenue – Suite 200
Wayzata, Minnesota
55391
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code   (952) 476-9800
 
_______________________________
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)
 
o  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 



 
 

 

SECTION 2 – FINANCIAL INFORMATION
 
Item 2.02 – Results of Operations and Financial Condition.
 
On October 12, 2010, Northern Oil and Gas, Inc. (the “Company”) announced increased 2010 drilling guidance and provided an operations update related to drilling and completion activity in the Williston Basin Bakken and Three Forks play.

2010 DRILLING ACTIVITY

Since January 1, 2010, the Company has spud 21.5 net wells.  The Company is currently participating in the drilling or completion of 90 gross Bakken or Three Forks wells, for an aggregate of 10.4 net wells currently drilling, awaiting completion or completing.  Of those wells, 5.0 net wells are currently drilling but have not reached total depth, an additional 4.6 net wells have been drilled to total depth and are awaiting completion and the remaining 0.8 net wells are currently undergoing fracture stimulation to commence production.

The Company now expects to spud approximately 24 net wells by the end of 2010, increased from previous guidance of 18 net wells.  The Company believes the increase in expected wells is based upon the increasing rig count, which was at an all-time high of 155 drillings rigs in the North Dakota Bakken play as of October 11, 2010.  The Company’s Chief Executive Officer, Michael Reger, commented “We continue to experience an increased pace of drilling in the Bakken and Three Forks plays.  In addition to allowing Northern Oil to consistently increase its production, increasing drilling activities have also allowed us to observe the impactful delineation of the Three Forks play in key counties of the Williston Basin.”

2010 ACREAGE ACQUISITIONS

The Company has acquired a total of 38,864 net acres year-to-date in the core of the Williston Basin Bakken and Three Forks play at a total cost of approximately $42.2 million.  This represents an average cost of $1,086 per acre.

RECENT COMPLETION HIGHLIGHTS

The following table illustrates the most recent well completions in which the Company participated.

WELL NAME
OPERATOR
COUNTY/STATE
WI
IP/BOEPD*
DAYS USED TO COMPUTE AVG. BOEPD
AVG. BOEPD**
RS-NELSON FARMS #2829H-1
HESS
MOUNTRAIL, ND
49.50%
752
30
334
JERICHO #2-5H
SLAWSON
MOUNTRAIL, ND
42.36%
386
69
177
JANET #1-8H
CONTINENTAL
WILLIAMS, ND
37.88%
640
N/A
N/A
JOANNE #1-7H
CONTINENTAL
DIVIDE, ND
37.58%
452
N/A
N/A
ALAMO #1-19-18H
SLAWSON
MOUNTRAIL, ND
29.98%
1,625
N/A
N/A
BADGER #1-9H
SLAWSON
MOUNTRAIL, ND
28.38%
2,057
30
799
DIAMONDBACK #1-21H
SLAWSON
MOUNTRAIL, ND
25.23%
2,013
30
494
STALLION #1-1-12H
SLAWSON
MOUNTRAIL, ND
23.00%
2,753
200
720
KLEPP 21X-01
XTO ENERGY
WILLIAMS, ND
22.81%
717
N/A
N/A
SHONNA  #2-15H
CONTINENTAL
DIVIDE, ND
21.80%
402
N/A
N/A
RS-JOHNSON #2128H-1
HESS
MOUNTRAIL, ND
21.72%
371
72
198
SNIPER FEDERAL #1-6-7H
SLAWSON
MOUNTRAIL, ND
21.41%
3,784
120
1,000
EDWARDS #5992 44-10
OASIS
BURKE, ND
21.00%
612
182
273
STATE 36-1 #2H TFS
BRIGHAM
WILLIAMS, ND
20.36%
2,356
N/A
N/A
WHIRLWIND #1-31H
SLAWSON
MOUNTRAIL, ND
19.74%
1,674
63
721
AMANDA #21-14H
CONOCO PHILLIPS
MCKENZIE, ND
18.75%
1,833
N/A
N/A
MACHETE #1-19H
SLAWSON
MOUNTRAIL, ND
17.18%
1,303
179
490
MELGAARD #1-14H
CONTINENTAL
DIVIDE, ND
15.82%
1,012
84
481
BERRY #5403 11-6H
OASIS
MOUNTRAIL, ND
14.38%
1,789
30
838
BARENTHSEN #6059 44-5H
OASIS
BURKE, ND
14.30%
495
103
252
NEPTUNE #1-15H
SLAWSON
MOUNTRAIL, ND
13.37%
2,578
30
749
CLEARWATER #7-04H
EOG RESOURCES
MOUNTRAIL, ND
13.30%
667
N/A
N/A
EN-SKABO TRUST #0631H-1
HESS
MOUNTRAIL, ND
13.16%
995
65
347
LIBERTY #09-23H
EOG RESOURCES
MOUNTRAIL, ND
13.13%
1,217
N/A
N/A
VANVILLE #6-25H
EOG RESOURCES
MOUNTRAIL, ND
12.50%
N/A
N/A
N/A
HM HOVE 34X-33
XTO ENERGY
WILLIAMS, ND
12.50%
1,104
140
276
LIBERTY #6-25H
EOG RESOURCES
MOUNTRAIL, ND
11.88%
1,472
N/A
N/A
ALLIE 31X-24
XTO ENERGY
WILLIAMS, ND
11.72%
652
104
247
REDMOND #1-6H
EOG RESOURCES
MOUNTRAIL, ND
11.25%
390
N/A
N/A
LIBERTY #103-13TFS
EOG RESOURCES
MOUNTRAIL, ND
10.86%
648
N/A
N/A
LIBERTY #4-13H
EOG RESOURCES
MOUNTRAIL, ND
10.86%
978
N/A
N/A
FERTILE #34-31H
EOG RESOURCES
MOUNTRAIL, ND
10.39%
1,406
N/A
N/A
SIDONIA #7-25H
EOG RESOURCES
MOUNTRAIL, ND
10.00%
462
N/A
N/A
VAN HOOK #100-15TFS
EOG RESOURCES
MOUNTRAIL, ND
10.00%
1,585
271
818
GILLUND #1-32H
CONTINENTAL
DIVIDE, ND
9.62%
623
56
388
OSPREY FEDERAL #1-25-30H
SLAWSON
MOUNTRAIL, ND
9.49%
921
N/A
N/A
UXBRIDGE #1-9H
CONTINENTAL
DIVIDE, ND
9.04%
795
N/A
N/A
LIBERTY #101-12TFS
EOG RESOURCES
MOUNTRAIL, ND
8.98%
612
N/A
N/A
LIBERTY #23-12H
EOG RESOURCES
MOUNTRAIL, ND
8.98%
1,175
N/A
N/A
BABETTE 24X-33
XTO ENERGY
WILLIAMS, ND
7.67%
368
N/A
N/A
LIBERTY #5-24H
EOG RESOURCES
MOUNTRAIL, ND
7.42%
877
N/A
N/A
EN-HEINLE #2536H-1
HESS
MOUNTRAIL, ND
7.29%
1,104
28
662
KERBAUGH 31X-04
XTO ENERGY
WILLIAMS, ND
6.51%
711
123
254
HYNEK #5693 42-35H
OASIS
MOUNTRAIL, ND
6.39%
1,258
94
385
LIFFRIG 29-20 #1H
BRIGHAM
MOUNTRAIL, ND
6.25%
2,477
195
469
BROCKMEIER #1-1
CONTINENTAL
MCKENZIE, ND
6.02%
1,217
73
350
SCHILKE #8-24H
PEAK
MCKENZIE, ND
5.24%
1,478
43
883
SUMMERFIELD #15-15H
AMERICAN
DUNN, ND
5.10%
2,799
106
646
SIDONIA #8-26H
EOG RESOURCES
MOUNTRAIL, ND
5.00%
735
N/A
N/A
VOYAGER #2-28H
SLAWSON
MOUNTRAIL, ND
4.96%
1,676
60
592
ERNST #42-31H
OASIS
BURKE, ND
4.58%
607
30
399
SIDONIA #29-34H
EOG RESOURCES
MOUNTRAIL, ND
4.22%
396
N/A
N/A
KUBIK TRUST #1-18-19H
ANSCHUTZ
DUNN, ND
3.20%
2,441
133
566
JACK CVANCARA 19-18 #1H
BRIGHAM
MOUNTRAIL, ND
3.16%
5,035
120
967
ABELMANN STATE 21-16 #1H
BRIGHAM
MCKENZIE, ND
2.73%
3,301
135
535
SIDONIA #33-33H
EOG RESOURCES
MOUNTRAIL, ND
2.71%
792
N/A
N/A
GLADYS #2-9H
NEWFIELD
MCKENZIE, ND
2.60%
3,540
102
815
ROHDE #43-1H
WHITING
MOUNTRAIL, ND
2.57%
4,268
135
781
SIDONIA #34-31H
EOG RESOURCES
MOUNTRAIL, ND
2.16%
594
N/A
N/A
SIDONIA #13-08H
EOG RESOURCES
MOUNTRAIL, ND
2.03%
561
N/A
N/A
SIDONIA #10-2128H
EOG RESOURCES
MOUNTRAIL, ND
1.79%
885
N/A
N/A
 
* Initial Production Rate (the “IP” rate) is the 24-hour “Peak Production Rate.” Peak Production Rates may be established following the initial day of production, depending to operator design or well flowback profiles.  The IP rate may be estimated based on other third party estimates or limited data available at this time.
 
** Average barrels of oil equivalents per day (“Avg. BOEPD”) exclude any days a well was down for work/maintenance.
 
All information in the foregoing table was obtained through operator drilling reports, operator daily production reports and certain publicly available through North Dakota Industrial Commission – Oil & Gas Division reports.

 
 
1

 
 
CURRENTLY DRILLING OR COMPLETING WELLS

The following table illustrates wells in which the Company is currently participating.

WELL NAME
OPERATOR
COUNTY/STATE
WI
STATUS
FORMATION
VAGABOND #1-27H
SLAWSON
MOUNTRAIL, ND
60.92%
Drilling
BAKKEN
JEANIE 25-36 #2H
URSA
MCKENZIE, ND
54.58%
Drilling
BAKKEN
BIGHORN #1-6H
SINCLAIR
DUNN, ND
48.79%
Awaiting Completion
BAKKEN
GOBLIN #1-26H
SLAWSON
MOUNTRAIL, ND
45.54%
Awaiting Completion
BAKKEN
WATER MOCCASIN #1-34H
SLAWSON
MOUNTRAIL, ND
44.14%
Awaiting Completion
THREE FORKS
GUNNISON #44-25H
PRIMA
BURKE, ND
39.35%
Drilling
BAKKEN
TANBERG #1-4H
CONTINENTAL
DIVIDE, ND
36.86%
Awaiting Completion
THREE FORKS
SILENCER #1-29H
SLAWSON
MOUNTRAIL, ND
32.06%
Drilling
BAKKEN
AV-SCHWARTZ-163-93-1102H-1
HESS
BURKE, ND
30.61%
Drilling
DUAL LATERAL
CROSBY CREEK #1-5H
SINCLAIR
DUNN, ND
29.63%
Drilling
BAKKEN
PORCUPINE #1-19H
SINCLAIR
DUNN, ND
29.02%
Drilling
BAKKEN
CYCLONE #1-21-16H
SLAWSON
MCKENZIE, ND
25.00%
Drilling
BAKKEN
STAMPEDE #1-36-25H
SLAWSON
WILLIAMS, ND
25.00%
Awaiting Completion
BAKKEN
REVOLVER #1-35H
SLAWSON
MOUNTRAIL, ND
24.58%
Drilling
BAKKEN
FERTILE #29-27H
EOG RESOURCES
MOUNTRAIL, ND
23.75%
Completing
BAKKEN
LOSTWOOD #13-25H
EOG RESOURCES
MOUNTRAIL, ND
22.86%
Drilling
BAKKEN
RENEGADE #1-10H
SLAWSON
ROOSEVELT, MT
22.07%
Awaiting Completion
BAKKEN
RASCAL #1-18H
SLAWSON
RICHLAND, MT
20.00%
Drilling
BAKKEN
SUNDHAGEN 21X-3
XTO ENERGY
WILLIAMS, ND
17.77%
Completing
THREE FORKS
SCOUNDREL #1-8H
SLAWSON
RICHLAND, MT
16.81%
Awaiting Completion
BAKKEN
SIDONIA #23-2017H
EOG RESOURCES
MOUNTRAIL, ND
15.63%
Drilling
BAKKEN
TOLKSDORF 24X-27
XTO ENERGY
RICHLAND, MT
15.63%
Awaiting Completion
BAKKEN
DARCY DIRKACH #14-12H
MARATHON
DUNN, ND
14.79%
Awaiting Completion
BAKKEN
ARMADA FEDERAL #1-14-13H
SLAWSON
MOUNTRAIL, ND
14.20%
Completing
BAKKEN
LIBERTY #3-14H
EOG RESOURCES
MOUNTRAIL, ND
13.75%
Awaiting Completion
BAKKEN
HOLTE 21X-4
XTO ENERGY
WILLIAMS, ND
13.63%
Drilling
THREE FORKS
BANKS #5892 44-34H
OASIS
MOUNTRAIL, ND
13.13%
Completing
BAKKEN
MUSKRAT FEDERAL #1-28-33H
SLAWSON
MOUNTRAIL, ND
12.83%
Awaiting Completion
BAKKEN
HOIBY #158-94-4B-3-1H
PETRO HUNT
MOUNTRAIL, ND
12.81%
Completing
BAKKEN
GUSTAFSON #29-32-161-92H
SAMSON
BURKE, ND
12.50%
Awaiting Completion
BAKKEN
ZI PAYETTE #10-15H
ZENERGY
MCKENZIE, ND
12.50%
Awaiting Completion
BAKKEN
FERTILE #28-26H
EOG RESOURCES
MOUNTRAIL, ND
11.88%
Completing
BAKKEN
HUNTER #1-8-17H
SLAWSON
MOUNTRAIL, ND
11.74%
Awaiting Completion
BAKKEN
SUBMARINER FEDERAL #1-23-24H
SLAWSON
MOUNTRAIL, ND
10.89%
Awaiting Completion
BAKKEN
EN-WEFALD #1324H-1
HESS
MOUNTRAIL, ND
9.38%
Drilling
DUAL LATERAL
FRANCHUK #44-20SWH
ENCORE
DUNN, ND
9.38%
Awaiting Completion
BAKKEN
EVANS #5693 42-27H
OASIS
MOUNTRAIL, ND
9.38%
Drilling
BAKKEN
MCGAHAN #1-18-7H
HUNT
MOUNTRAIL, ND
8.56%
Awaiting Completion
BAKKEN
EN-HEINLE-#2536H-2
HESS
MOUNTRAIL, ND
7.29%
Awaiting Completion
DUAL LATERAL
EN-HEINLE-#2536H-3
HESS
MOUNTRAIL, ND
7.29%
Drilling
DUAL LATERAL
LIPPERT 1-12-#1H
BRIGHAM
WILLIAMS, ND
6.87%
N/A
BAKKEN
VIXEN FEDERAL #1-19-30H
SLAWSON
MOUNTRAIL, ND
6.70%
Awaiting Completion
BAKKEN
HELEN 11X-05
XTO ENERGY
WILLIAMS, ND
6.64%
Drilling
THREE FORKS
KJORSTAD #5300 24-22H
OASIS
WILLIAMS, ND
6.46%
Awaiting Completion
BAKKEN
NORWAY #1-5H
CONTINENTAL
MCKENZIE, ND
5.93%
Drilling
THREE FORKS
RELLA #18-19H
ZENERGY
WILLIAMS, ND
5.70%
Drilling
BAKKEN
SIDONIA #17-1324H
EOG RESOURCES
MOUNTRAIL, ND
5.55%
Completing
BAKKEN
MANN #21-18TFH
WHTING
STARK, ND
5.01%
Drilling
THREE FORKS
ROUND PRAIRIE #2-20H
EOG RESOURCES
WILLIAMS, ND
5.00%
Awaiting Completion
BAKKEN
STENEHJEM #27-34-1H
ABRAXAS
WILLIAMS, ND
4.87%
Awaiting Completion
BAKKEN
RAVIN #36-35-1H
ABRAXAS
WILLIAMS, ND
4.64%
Awaiting Completion
BAKKEN
PALERMO #1-24-25H
HUNT
MOUNTRAIL, ND
4.25%
Drilling
BAKKEN
JAGUAR #1-32H
SLAWSON
MOUNTRAIL, ND
4.22%
Awaiting Completion
BAKKEN
MILLER #44-11H
WHTING
WILLIAMS, ND
4.12%
Drilling
BAKKEN
KOALA #9-5-6-5H
KODIAK
MCKENZIE, ND
3.93%
Drilling
BAKKEN
BUD #1-19H
CONTINENTAL
WILLIAMS, ND
3.70%
Drilling
THREE FORKS
KOSTELECKY #31-6H
FIDELITY
STARK, ND
3.60%
Drilling
THREE FORKS
RS-SHUHART#2726H-2
HESS
MOUNTRAIL, ND
3.52%
Drilling
DUAL LATERAL
CROWFOOT #2-20H
EOG RESOURCES
MOUNTRAIL, ND
3.13%
Completing
BAKKEN
MEADOWLARK #2-6H
CONTINENTAL
DUNN, ND
3.12%
Awaiting Completion
BAKKEN
MEADOWLARK #3-6H
CONTINENTAL
DUNN, ND
3.12%
Drilling
THREE FORKS
SKACHENKO #2-31H
CONTINENTAL
DUNN, ND
3.12%
Awaiting Completion
THREE FORKS
SKACHENKO #3-31H
CONTINENTAL
DUNN, ND
3.12%
Drilling
BAKKEN
CLEARWATER #102-0506H
EOG RESOURCES
MOUNTRAIL, ND
2.95%
Drilling
THREE FORKS
CLEARWATER #8-0506H
EOG RESOURCES
MOUNTRAIL, ND
2.95%
Drilling
THREE FORKS
EN-ABRAHAMSON #3019H-2
HESS
MOUNTRAIL, ND
2.92%
Awaiting Completion
DUAL LATERAL
EN-ABRAHAMSON #3019H-3
HESS
MOUNTRAIL, ND
2.92%
Drilling
DUAL LATERAL
CARTER 14X-12
XTO ENERGY
WILLIAMS, ND
2.68%
Completing
THREE FORKS
WAYZETTA #142-3019H
EOG RESOURCES
MOUNTRAIL, ND
2.47%
Drilling
BAKKEN
CVANCARA #11-14H
WHTING
MOUNTRAIL, ND
2.44%
Drilling
BAKKEN
HODENFIELD #15-23H
AMERICAN
WILLIAMS, ND
2.38%
Drilling
BAKKEN
EN-WILL TRUST #2734H-3
HESS
MOUNTRAIL, ND
2.34%
Drilling
DUAL LATERAL
EN-TRINITY #2833H-1
HESS
MOUNTRAIL, ND
2.28%
Drilling
DUAL LATERAL
PHOENIX #1-9H
SLAWSON
MOUNTRAIL, ND
2.28%
Awaiting Completion
BAKKEN
MCD #11-29H
FIDELITY
MOUNTRAIL, ND
2.08%
Awaiting Completion
THREE FORKS
DOMASKIN #19-30-29H
FIDELITY
MOUNTRAIL, ND
1.94%
Awaiting Completion
BAKKEN
LYNN #19-20-29H
FIDELITY
MOUNTRAIL, ND
1.94%
Awaiting Completion
BAKKEN
WAYZETTA #134-17H
EOG RESOURCES
MOUNTRAIL, ND
1.80%
Drilling
THREE FORKS
JORGENSON #158-94-11D-2-1H
PETRO HUNT
MOUNTRAIL, ND
1.49%
Drilling
THREE FORKS
PALERMO #1-5-34H
HUNT
MOUNTRAIL, ND
1.47%
Awaiting Completion
BAKKEN
ROBERT HEUER #2-20H
CONTINENTAL
DIVIDE, ND
1.38%
Drilling
THREE FORKS
ETHAN HALL 6B-31-30-1H
ENERPLUS
DUNN, ND
1.35%
Drilling
BAKKEN
HARLEY #31-2H
BURLINGTON
MCKENZIE, ND
1.29%
Awaiting Completion
BAKKEN
DAKOTA-3 MASON #2-11H
ZENERGY
MOUNTRAIL, ND
0.98%
Completing
BAKKEN
STEPANEK #8-5H
ZENERGY
MCKENZIE, ND
0.81%
Completing
BAKKEN
FARVER #1-29H
CONTINENTAL
DIVIDE, ND
0.78%
Drilling
THREE FORKS
SATTERTHWAITE #43-1H
WHTING
MOUNTRAIL, ND
0.70%
Drilling
BAKKEN
EN-FRANDSON #2116H-1
HESS
MOUNTRAIL, ND
0.61%
Drilling
DUAL LATERAL
MARTENS #1-5H
SINCLAIR
MOUNTRAIL, ND
0.56%
Awaiting Completion
BAKKEN
FORT BERTHHOLD #152-94-13B-24-1H
PETRO HUNT
MCKENZIE, ND
0.52%
Awaiting Completion
THREE FORKS
 

 
 
2

 
 
UPDATED HEDGING ACTIVITY

The following table reflects the weighted average price of the Company’s open commodity derivative contracts as of September 30, 2010, by year with associated volumes.

Weighted Average Price
Of Open Commodity Contracts
 
 
Year
 
Volumes (Barrels)
   
Weighted Average Price
 
2010
   
288,000
   
$
80.41
 
2011
   
720,000
   
$
80.89
 
2012
   
339,000
   
$
80.62
 

The Company currently has hedged 1,347,000 barrels for delivery through June 2012 at a blended average of approximately $80.72 per barrel.
 
 
MANAGEMENT COMMENT

The Company’s Chief Executive Officer, Michael Reger, commented “The scale and scope of the Bakken and Three Forks play continues to exceed our expectations.  Our premier acreage position is turning to high-quality oil production more quickly than we have anticipated as the pace of drilling continues to accelerate.  With the North Dakota rig count currently at an all-time high of 155 rigs, we expect the development of this exceptional oil resource play to continue at a robust pace.  We are especially fortunate to be participating as a non-operating partner in the wells of many of the premier operators in this play.  It has been exciting for us to watch the best practices evolve and improve as the innovations of our operators continue to increase efficiency and productivity.  Based on excellent recent results in the Three Forks, we expect this play to continue to gain momentum as this additional producing horizon de-risks across the Williston Basin.  Most importantly, we continue to strategically acquire non-operated acreage interests at what we believe are very compelling price levels.  We intend to continue to exploit our ability to acquire acreage in this growing play as long as the opportunity exists.  Our single focus continues to be growing our presence and production as a non-operating partner in the Williston Basin Bakken and Three Forks play”.


 
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SAFE HARBOR

This report contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”).  All statements other than statements of historical facts included in this report regarding the Company’s financial position, business strategy, plans and objectives of management for future operations and industry conditions are forward-looking statements.  When used in this report, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes.  Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which the Company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our Company’s operations, products, services and prices.

The Company has based these forward-looking statements on its current expectations and assumptions about future events.  While the Company’s management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control.

A copy of the press release which the Company issued reporting the foregoing information is attached as Exhibit 99.1.  The information in this Item 2.02, and the press release attached hereto as Exhibit 99.1, shall be deemed to be “filed” under the Securities Exchange Act of 1934, as amended.

 

 
 
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SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
 
Item 9.01 – Financial Statements and Exhibits
 
(d) Exhibits.
 
Exhibit Number
 
Description
99.1
 
Press Release dated October 12, 2010
 

 
 
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 12, 2010
NORTHERN OIL AND GAS, INC.
By/s/ Michael L. Reger
Michael L. Reger, Chief Executive Officer
 

 
 

 
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EXHIBIT INDEX

Exhibit Number
 
Title of Document
 
Method of Filing
99.1
 
Press Release dated October 12, 2010
 
Filed Electronically
 

 
 
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