Northern Oil and Gas sees Q3 total production 131 MBoe/d

Business update, guidance: Better than expected well performance across all four active basins; Modest increase in D&C list in the third quarter helping to build low-breakeven momentum into year-end; Total production expected to be 131 MBoe/d in the third quarter, with oil representing over 55%; Increasing annual production guidance to 75,000 – 76,500 Bopd and 132,500 – 134,000 Boepd for oil and total volumes, respectively; Expect total capital expenditures of ~$272 million for the third quarter, inclusive of ground game, but excluding non-budgeted and other capital expenditures ; Tightening annual capital expenditure guidance range to $950 – $1,025 million