Northern Oil and Gas anticipates approximately 115,000 – 120,000 Boe per day of production in 2024, an increase of approximately 20% at the midpoint from 2023 levels. “NOG currently expects total capital spending in the range of $825 – $900 million for 2024 with approximately 50% of its 2024 budget to be spent on the Permian, 35% on the Williston, and 1% on the Appalachian. The remainder of the budget is for Ground Game capital and increased workover and other items,” the company said.
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