Fuel Your Curiosity

NOG is the largest, publicly traded, non-operated, upstream energy asset owner in the United States. We engage in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Williston, Uinta, Permian and Appalachian basins. Our primary focus is investing in non-operated minority working and mineral interests in oil and gas properties in the United States.

We aspire to be the non-operating partner and consolidator of choice to premier operators while helping to ensure that energy is being produced in an affordable, reliable and responsible manner. As the largest and best capitalized non-operator with a track record of acquisition success, we believe this aspiration has been proven in the marketplace evidenced by our consistent execution. 

Our mission is to generate industry leading returns for our shareholders through the allocation of capital to projects with the best risk-adjusted returns by investing and partnering with responsible oil and natural gas E&P companies.

Learn more about who we are

Drilling Down into the Numbers¹

~11,000/1,100
Gross/Net Wells
~95
Operators
131.1.1k
Production MBOE/Day
14.6%
Adjusted ROCE
$0.82
Cash G&A per BOE-Adjusted

¹ All data as of September 30, 2025, unless otherwise noted.

Insightful Statistics About NOG

Real asset owners, not real asset operators. NOG owns approximately 300,000 acres.

Over 10 years of high-quality inventory diversified by basin and commodity with continuous replenishment.

Peer leading operational efficiency
$0.89 Cash G&A per BOE
(Q2-2025).

Top tier ROCE
19.6% Return on Capital Employed in Q2-2025.

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