Investor Presentaiton

NOG At-a-Glance (1) Disciplined aggregator of accretive, high-quality minority interests, aligned with the best operators. 1) 2) ~9,800/980 ~272k ~100 GROSS/NET WELLS NET ACRES OPERATORS Marcellus 10% Permian 42% Williston 48% DIVERSIFICATION BY BASIN All data as of September 30, 2023, unless otherwise noted. 62% 2023E 2-STREAM OIL WEIGHTING Adjusted EBITDA, Adjusted ROCE and Net Debt are non-GAAP financial measures. See Appendix for methodology and reconciliations 102.3 AVERAGE PRODUCTION MBOE/DAY 24.5% Q3-23 ADJUSTED ROCE(2) <1.4x NET DEBT : LQA Adj. EBITDA(2) Investor Presentation November 2023 | 4 NOG

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