Northern Oil and Gas, a leading entity in the energy sector, stands tall as the largest publicly traded non-operated Exploration and Production (E&P) company. Boasting a robust portfolio, the company holds substantial assets across several prominent regions in the United States, including North Dakota, Pennsylvania, and the prolific Permian Basin. Known for its thriving petroleum reservoirs, these regions are a testament to Northern Oil and Gas's strategic presence in the country's energy landscape.
1. Northern Oil and Gas is the largest publicly traded non-operated Exploration and Production (E&P) company.
2. The company has significant assets across several influential regions in the U.S including North Dakota, Pennsylvania, and the Permian Basin which are known for their abundant petroleum reservoirs.
3. Northern Oil and Gas's strategic presence in these regions reflects its importance in the U.S's energy scene.
4. The company has shown its ability to generate substantial revenues, particularly from the assets located in North Dakota, Pennsylvania, and the Permian Basin.
5. These high production areas, rich in natural resources, secure Northern Oil and Gas's leading position as the non-operated E&P in the public market by providing a continuous income stream.
In 2020, Northern Oil and Gas reported approximately 27.9 million barrels of oil equivalent (BOE) in production.
Having established its operational dominance in some of the most lucrative oil and gas regions in the United States, Northern Oil and Gas has continually demonstrated its capability to generate significant revenues. Specifically, their assets located in North Dakota, Pennsylvania, and the Permian Basin have proven to be major contributors to this financial strength. These high production areas, rich in natural resources, provide the company with a steady stream of income, securing its position as the leading non-operated E&P in the public domain.