NOG ESG and Financial Performance
Benefits of NOG's Non-Operated Model
Efficient Operations Enhance Return Profile
Peer leading cost structure & Corporate ROCE
.
Scalable Model: NOG has 33 employees
Leveraging Data and Experience
•
Proprietary database, built from participation in
over 9,400 wells
Capital Allocation Flexibility
•
.
•
Ability to "cherry-pick" from ~100 operating
partners across ~1MM+ gross acres in 3 basins
Superior flexibility to manage capital allocation
and to do so quickly
Costs limited to drilling, completion, and acreage
NOG
Non-Op Tailwind
•
NOG is capitalizing on industry strategy shift as
operators focus on free cash flow generation
instead of growth
• This has led to record level non-op "Ground
Game" opportunities
Investor Presentation June 2023 | 8 NOGView entire presentation