Northern Oil and Gas completed of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility. In connection with the redetermination, NOG entered into an amendment to the Facility that leaves the borrowing base unchanged at $1.8 billion and increases the elected commitment amount to $1.5 billion (from $1.25 billion). In addition, JP Morgan Chase Bank, Mizuho Bank and Comerica Bank have joined as new members of the Facility’s lending syndicate.

“We are excited to welcome JP Morgan Chase, Mizuho and Comerica to our lending syndicate,” commented Chad Allen, NOG’s Chief Financial Officer. “The growing commitment of our lenders is a testament to the success and discipline of our growth strategy, and the opportunities ahead of us. Our massive liquidity advantage continues to expand versus our non-operated peers providing us with an ever-increasing competitive advantage.”

NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United States.