Investor Presentaiton
Benefits of NOG's Non-Operated Model
Efficient Operations Enhance Return Profile
Peer leading cost structure & Corporate ROCE
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Scalable Model: NOG has 37 employees
Leveraging Data and Experience
•
Proprietary database, built from participation in
over 9,800 wells
Capital Allocation Flexibility
•
.
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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 massive volume of non-op "Ground
Game" opportunities
Investor Presentation September 2023 | 8 NOGView entire presentation