Northern Oil and Gas Portfolio

Consolidated non-operated working interest portfolio of Northern Oil and Gas across four US unconventional shale basins: Williston (Bakken/Three Forks), Permian (Delaware/Midland), Appalachian (Marcellus/Utica), and Uinta. NOG participates as a minority working interest owner alongside more than 100 third-party operating partners with an average working interest of 10.2% per gross well. As of December 31, 2025, the company held interests in 11,702 gross (1,195.4 net) producing wells across approximately 301,797 net acres (1,640,563 gross), of which approximately 83% was developed. 2025 average daily production was 135,045 Boe/d (140,064 Boe/d in Q4 2025, approximately 53% oil). Reserves audited by Cawley, Gillespie & Associates. Full cost method accounting; recorded a $702.7M non-cash ceiling test impairment in 2025. Common stock listed on NYSE under symbol NOG.