Northern Oil and Gas, Inc
(NYSE:NOG)

Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Bakken and Three Forks formations in the Williston ...

Website: http://www.northernoil.com

Founded: 2006

Full Time Employees: 24

Sector: Energy

Industry: Oil & Gas E&P

Energy

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-11-08	2010-09-30	2010-08-09	2010-06-30	2010-05-06	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2009-03-16	2008-09-30	2008-08-08	2008-06-30	2008-03-31	2007-12-31

revenues
oil and gas sales	539,855,000	447,724,000	482,243,000	574,369,000	576,952,000	545,472,000	513,541,000	561,025,000	532,041,000	543,403,000	511,651,000	416,491,000	426,234,000	445,647,000	534,050,000	549,643,000	456,458,000	160,679,250	259,669,000	225,717,000	157,331,000	99,511,000	73,680,000	20,664,000	130,196,000	160,699,000	157,989,000	149,847,000	132,684,000					72,476,191	54,257,591	48,381,006	48,848,222	47,076,501	41,719,194	42,527,847	28,367,341	39,340,256	49,779,903	63,064,333	50,454,148	94,455,405	119,191,594	121,155,047	96,802,970	99,160,226	107,232,064	79,623,169	83,171,661	80,369,145	80,690,301	70,439,015	65,139,396	53,235,604	43,680,619	35,481,664	27,041,621	23,913,044	15,541,520	15,541,520	11,664,873	2,418,496	8,368,847	8,368,847		5,146,972	2,418,496	640,734	1,130,082	1,362,655	764,528	764,528	285,729
gain on commodity derivatives	-539,056,000	159,314,000	70,769,000	128,819,000	21,761,000	-34,224,000	238,150,000	-3,428,000	-138,531,000	247,372,000	-199,548,000	57,769,000	153,656,000	-75,267,000	257,590,000		-489,388,000	-116,252,500	-128,163,000	-200,912,000	-135,935,000	69,395,500	-26,361,000	-72,638,000	376,581,000
other revenues	4,230,000	2,657,750	3,625,000	3,621,000	3,385,000	1,988,250	1,947,000	3,169,000	2,838,000	1,622,000	1,870,000	2,294,000	2,324,000
total revenues	5,029,000	610,178,000	556,637,000	706,809,000	602,098,000	514,977,000	753,638,000	560,766,000	396,348,000	793,517,000	313,973,000	476,554,000	582,214,000	370,379,000	791,640,000	441,446,000	-32,930,000	319,190,000	131,507,000	24,805,000	21,397,000	50,075,000	47,322,000	-51,971,000	506,785,000	59,013,000	233,883,000	186,440,000	-6,934,000	443,195,914	102,269,220	66,845,899	66,613,463	37,002,277	41,598,659	64,901,882	65,816,847	35,943,627	45,109,408	32,014,226	31,836,236	56,913,028	101,156,552	40,863,194	76,124,638	257,521,934	180,777,489	74,602,013	82,125,307	101,929,785	69,784,200	96,161,803		81,746,684	60,095,613	119,207,601		30,600,721.25	69,050,038	50,826,098
yoy	-99.16%	18.49%	-26.14%	26.04%	51.91%	-35.10%	140.03%	17.67%	-31.92%	114.24%	-60.34%	7.95%	-1868.04%	16.04%	501.98%	1679.67%	-253.90%	537.42%	177.90%	-147.73%	-95.78%	-15.15%	-79.77%	-127.88%	-7408.70%	-86.68%	128.69%	178.91%	-110.41%	1097.75%	145.85%	3.00%	1.21%	2.95%	-7.78%	102.73%	106.74%	-36.84%	-55.41%	-21.66%	-58.18%	-77.90%	-44.04%	-45.23%	-7.31%	152.65%	159.05%	-22.42%		24.69%	16.12%	-19.33%		167.14%	-12.97%	134.54%
qoq	-99.18%	9.62%	-21.25%	17.39%	16.92%	-31.67%	34.39%	41.48%	-50.05%	152.73%	-34.12%	-18.15%	57.19%	-53.21%	79.33%	-1440.56%	-110.32%	142.72%	430.16%	15.93%	-57.27%	5.82%	-191.05%	-110.26%	758.77%	-74.77%	25.45%	-2788.78%	-101.56%	333.36%	52.99%	0.35%	80.03%	-11.05%	-35.91%	-1.39%	83.11%	-20.32%	40.90%	0.56%	-44.06%	-43.74%	147.55%	-46.32%	-70.44%	42.45%	142.32%	-9.16%	-19.43%	46.06%	-27.43%			36.03%	-49.59%			-55.68%	35.86%
operating expenses
production expenses	129,747,000	119,880,000	118,316,000	121,430,000	114,040,000	116,583,000	106,902,000	100,859,000	105,447,000	102,062,000	82,506,000	84,350,000	78,088,000	73,017,000	68,478,000	64,642,000	54,540,000	50,571,000	43,236,000	42,699,000	34,312,000	28,204,000	24,159,000	26,638,000	37,335,000	35,753,000	32,347,000	26,132,000	24,666,000	21,447,799	18,160,937	14,548,922	12,488,422	13,315,459	12,605,513	12,137,540	11,674,348	11,718,227	10,920,651	11,081,973	11,959,260	11,776,670	12,567,423	13,564,801	14,199,090	16,267,607	14,717,257	13,033,322	11,677,429	11,348,887	11,471,867	10,397,171	8,641,210	9,842,073	8,734,636	7,292,253	6,513,348	4,500,872	3,910,859	2,615,546	2,016,356	1,309,956	1,084,769	1,084,769	561,427	119,751	332,330	332,330		236,362	119,751	94,389	43,458	18,078	8,020	8,020	13,492
production taxes	38,343,000	30,961,000	28,688,000	35,616,000	36,069,000	42,621,000	14,671,000	48,589,000	51,210,000	45,903,000	42,158,000	37,138,000	34,918,000	37,465,000	42,273,000	43,840,000	34,616,000	25,055,000	19,932,000	18,514,000	13,453,000	9,033,000	6,936,000	1,917,000	11,896,000	15,827,000	15,391,000	14,034,000	12,520,000	13,668,566	13,579,169	10,131,843	7,922,314	6,638,456	5,064,761	4,439,774	4,461,265	4,480,705	4,045,291	4,220,712	2,766,899	4,233,511	5,048,227	6,871,788	5,413,108	9,600,927	12,068,494	12,213,387	9,791,201	9,655,170	9,931,345	7,561,156	7,811,304	7,655,862	8,092,843	6,658,004	6,078,885	4,112,412	4,261,407	3,311,037	2,615,864	2,203,224	1,604,608	1,604,608	1,024,277	189,400	645,866	645,866
general and administrative expenses	23,174,000	17,122,000	14,102,000	15,628,000	14,481,000	15,527,000	10,005,000	13,538,000	11,393,000	9,553,000	11,846,000	12,402,000	13,000,000																	2,398,145.25	4,674,467	3,251,239	1,666,875	3,977,950.5	7,985,719	4,317,139	3,608,943
depletion, depreciation, amortization and accretion	197,098,000	204,076,000	199,351,000	205,741,000	205,690,000	204,674,000	185,657,000	176,612,000	173,958,000	151,188,000	133,791,000	106,427,000	94,618,000	77,316,000	65,975,000	54,796,000	53,185,000	42,815,000	35,885,000	30,908,000	31,221,000	32,770,000	30,786,000	36,756,000	61,809,000	63,410,000	55,566,000	46,091,000	45,134,000	48,294,929	30,258,089	22,596,028	18,630,629	17,631,875	15,357,685	13,682,452	12,828,143	13,523,186	13,698,020	16,176,863	17,846,089	24,140,489	31,670,479	36,745,805	45,213,039	48,924,152	45,646,232	42,212,250	36,100,921	38,927,949	32,103,607
impairment of oil and gas assets	268,276,000	268,497,000	318,674,000	115,576,000
other expenses	3,274,000	3,482,000	3,267,000	3,561,000	2,537,000	2,937,000	2,463,000	2,232,000	2,019,000	767,000	1,234,000	1,446,000	1,001,000
total operating expenses	659,912,000	644,017,000	682,398,000	530,643,000	372,817,000	382,342,000	319,698,000	341,830,000	344,027,000	309,473,000	271,535,000	241,763,000	221,625,000	202,844,000	187,004,000	171,342,000	156,154,000	128,904,000	104,543,000	99,725,000	85,768,000	178,831,000	265,975,000	832,737,000	115,911,000	73,838,750	112,784,000	94,200,000	88,371,000	39,477,233.5	66,672,662	50,528,032	40,708,240	27,040,821	41,013,678
income from operations	-654,883,000	-33,839,000	-125,761,000	176,166,000	229,281,000	132,635,000	433,940,000	218,936,000	52,321,000	484,044,000	42,438,000	234,791,000	360,589,000	167,534,000	604,637,000	270,104,000	-189,084,000	190,286,000	26,964,000	-74,920,000	-64,371,000	-128,756,000	-218,653,000	-884,708,000	390,875,000	-62,525,000	121,100,000	92,239,000	-95,305,000	354,808,839	35,596,558	16,317,867	25,905,223	-3,659,512	584,981	30,324,977	33,244,148	2,485,838	-29,473,638	-92,932,518	-109,384,536	-156,199,167	-307,167,002	-302,539,733	-353,482,367	177,804,423	103,646,534	3,162,235	20,558,066	37,490,778	12,113,046	47,729,052	20,664,069	33,396,172	5,719,299	75,193,800	14,827,160	-110,618	45,971,022	33,722,408	-12,332,582	-2,941,834	1,724,336	1,724,336	10,098,208	837,639	2,624,578	2,624,578		2,325,657		-468,798				188,041	-283,546
yoy	-385.62%	-125.51%	-128.98%	-19.54%	338.22%	-72.60%	922.53%	-6.75%	-85.49%	188.92%	-92.98%	-13.07%	-290.70%	-11.96%	2142.39%	-460.52%	193.74%	-247.79%	-112.33%	-91.53%	-116.47%	105.93%	-280.56%	-1059.15%	-510.13%	-117.62%	240.20%	465.26%	-467.90%	-9795.52%	5985.08%	-46.19%	-22.08%	-247.21%	-101.98%	-132.63%	-130.39%	-101.59%	-90.40%	-69.28%	-69.06%	-187.85%	-396.36%	-9667.28%	-1819.43%	374.26%	755.66%	-93.37%	-0.51%	12.26%	111.79%	-36.53%	39.37%	-30290.54%	-87.56%	122.98%	-220.23%	-96.24%	2566.01%	1855.67%	-222.13%	-451.21%	-34.30%	-34.30%		-63.98%		-659.85%				-349.31%
qoq	1835.29%	-73.09%	-171.39%	-23.17%	72.87%	-69.43%	98.20%	318.45%	-89.19%	1040.59%	-81.93%	-34.89%	115.23%	-72.29%	123.85%	-242.85%	-199.37%	605.70%	-135.99%	16.39%	-50.01%	-41.11%	-75.29%	-326.34%	-725.15%	-151.63%	31.29%	-196.78%	-126.86%	896.75%	118.14%	-37.01%	-807.89%	-725.58%	-98.07%	-8.78%	1237.34%	-108.43%	-68.28%	-15.04%	-29.97%	-49.15%	1.53%	-14.41%	-298.80%	71.55%	3177.64%	-84.62%	-45.17%	209.51%	-74.62%	130.98%	-38.12%	483.92%	-92.39%	407.14%	-13503.93%	-100.24%	36.32%	-373.44%	319.21%	-270.61%	0.00%	-82.92%	1105.56%	-68.08%	0.00%									-166.32%
operating margin %	-13022.13%	-5.55%	-22.59%	24.92%	38.08%	25.76%	57.58%	39.04%	13.20%	61.00%	13.52%	49.27%	61.93%	45.23%	76.38%	61.19%	574.20%	59.62%	20.50%	-302.04%	-300.84%	-257.13%	-462.05%	1702.31%	77.13%	-105.95%	51.78%	49.47%	1374.46%	80.06%	34.81%	24.41%	38.89%	-9.89%	1.41%	46.72%	50.51%	6.92%	-65.34%	-290.29%	-343.59%	-274.45%	-303.66%	-740.37%	-464.35%	69.04%	57.33%	4.24%	25.03%	36.78%	17.36%	49.63%	Infinity%	40.85%	9.52%	63.08%	Infinity%	-0.36%	66.58%	66.35%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	NaN%	-Infinity%	NaN%	NaN%	NaN%	Infinity%	-Infinity%
other income		26,000	65,000	46,000	500,000	180,000	140,000	63,000	56,000	83,000	21,000	72,000	4,619,000	-1,000	-1,000	-185,000		-14,000	2,000	4,000	3,000	-26,000	13,000			70,000	75,000	-1,000	12,000	53,159	299,394	371,783	166,635	115,497	184	181	180	-23,239	183	181	6,971	-32,219	1,586	199	342	1,570	13,022	2,104	30,665	-16,209	-169,308	-267,788	64							-229,508	767,040	180,412	-117,110	-117,110		-139,243		-87,948		321,589	-139,243	-43,527	37,077	155,121	95,424	95,424	96,269
interest expense	-42,586,000	-41,120,000	-42,975,000																																																	-7,819,591	-6,108,000	-5,744,684	-5,205,822	-2,728,104	-196,299	-160,295	-182,499
gain on unsettled interest rate derivatives	1,566,000			1,000						-254,250			-1,017,000	443,000	-42,000	524,000	1,290,000	589,000	92,000	121,000	240,000	-301,250	224,000		-677,000
loss on extinguishment of debt	-14,000																				-12,594,000				-5,527,000
total other expense	-41,034,000	-52,219,000	-43,041,000	-44,388,000	-43,494,000	-28,054,500	-36,717,000
income before income taxes	-695,917,000	-86,058,000	-168,802,000	131,778,000	185,787,000	87,839,000	397,223,000	181,303,000	14,452,000	447,614,000	5,419,000	206,826,000	340,883,000	145,042,000	584,798,000	252,269,000	-205,771,000	174,961,000	12,554,000	-90,563,000	-90,357,000	-142,123,000	-233,004,000	-899,200,000	368,120,000	-107,937,000	94,381,000	44,399,000	-107,162,000	218,237,263	18,978,573	-96,546,698	2,965,097	-25,418,705	-16,087,467	13,801,859	16,940,523	-13,732,577	-45,618,895	-108,978,662	-126,565,754	-172,313,373	-323,319,576	-316,927,227	-365,218,572	166,550,321	93,035,310	-7,162,450	10,689,763	27,905,938	2,730,904	39,641,673	14,556,133	27,675,156	513,583	72,466,396	14,631,261	-270,788	45,790,222	33,492,900	-11,565,542	-2,761,422	1,607,226	1,607,226	9,953,866	698,396	2,536,630	2,536,630		2,647,246	526,924	-512,325				283,465	-187,277
income tax expense	-173,070,000	-15,326,000	-39,728,000	32,193,000	46,805,000	16,140,000	98,777,000	42,746,000	2,846,000	58,761,000	-20,691,000
net income	-522,847,000	27,373,250	-129,074,000	99,585,000	138,982,000	71,699,000	298,446,000	138,556,000	11,606,000	388,853,000	26,111,000	167,815,000	340,191,000	145,068,000	583,465,000	251,264,000	-206,560,000	174,728,000	12,554,000	-90,563,000	-90,357,000	-142,123,000	-233,004,000	-899,200,000	368,286,000	-107,937,000	94,381,000	44,399,000	-107,162,000	218,292,263	18,978,573	-96,546,698	2,965,097	-23,848,689	-16,087,467	13,801,859	16,940,523	-12,330,398	-45,618,895	-108,978,662	-126,565,754	-172,313,323	-323,242,032	-250,060,617	-229,738,572	103,583,321	57,985,310	-4,412,450	6,589,763	17,400,938	1,702,904	25,011,673	8,951,519	19,552,156	300,161	43,626,396	8,805,911	-1,380,788	28,617,222	20,432,900	-7,057,842	-1,750,422	987,226	987,226	6,120,866	418,396	1,559,630	1,559,630		1,588,246	315,924	-307,325	1,391,744	871,819	283,465	283,465	-187,277
yoy	-476.20%	-61.82%	-143.25%	-28.13%	1097.50%	-81.56%	1042.99%	-17.44%	-96.59%	168.05%	-95.52%	-33.21%	-264.69%	-16.97%	4547.64%	-377.45%	128.60%	-222.94%	-105.39%	-89.93%	-124.53%	31.67%	-346.88%	-2125.27%	-443.67%	-149.45%	397.30%	-145.99%	-3714.11%	-1015.32%	-217.97%	-799.52%	-82.50%	93.41%	-64.74%	-112.66%	-113.38%	-92.84%	-85.89%	-56.42%	-44.91%	-266.35%	-657.46%	5567.16%	-3586.29%	495.27%	3305.08%	-117.64%	-26.38%	-11.00%	467.33%	-42.67%	1.65%	-1516.01%	-98.95%	113.51%	-224.77%	-21.12%	2798.75%	1969.73%	-215.31%	-518.36%	-36.70%	-36.70%		-73.66%	393.67%	-607.49%		82.18%	11.45%	-208.42%	-843.15%
qoq	-2010.07%	-121.21%	-229.61%	-28.35%	93.84%	-75.98%	115.40%	1093.83%	-97.02%	1389.23%	-84.44%	-50.67%	134.50%	-75.14%	132.21%	-221.64%	-218.22%	1291.81%	-113.86%	0.23%	-36.42%	-39.00%	-74.09%	-344.16%	-441.20%	-214.36%	112.57%	-141.43%	-149.09%	1050.20%	-119.66%	-3356.11%	-112.43%	48.24%	-216.56%	-18.53%	-237.39%	-72.97%	-58.14%	-13.90%	-26.55%	-46.69%	29.27%	8.85%	-321.79%	78.64%	-1414.13%	-166.96%	-62.13%	921.84%	-93.19%	179.41%	-54.22%	6413.89%	-99.31%	395.42%	-737.75%	-104.83%	40.05%	-389.51%	303.21%	-277.31%	0.00%	-83.87%	1362.94%	-73.17%	0.00%			402.73%	-202.80%	-122.08%	59.64%	207.56%	0.00%	-251.36%
net income margin %	-10396.64%	4.49%	-23.19%	14.09%	23.08%	13.92%	39.60%	24.71%	2.93%	49.00%	8.32%	35.21%	58.43%	39.17%	73.70%	56.92%	627.27%	54.74%	9.55%	-365.10%	-422.29%	-283.82%	-492.38%	1730.20%	72.67%	-182.90%	40.35%	23.81%	1545.46%	49.25%	18.56%	-144.43%	4.45%	-64.45%	-38.67%	21.27%	25.74%	-34.30%	-101.13%	-340.41%	-397.55%	-302.77%	-319.55%	-611.95%	-301.79%	40.22%	32.08%	-5.91%	8.02%	17.07%	2.44%	26.01%	Infinity%	23.92%	0.50%	36.60%	Infinity%	-4.51%	41.44%	40.20%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%
net income attributable to common stockholders	-522,847,000	-70,732,000	-129,074,000	99,585,000						388,853,000	26,111,000	167,815,000	340,191,000	133,291,000	580,855,000	238,091,000		-44,880,250	8,949,000		-94,188,000
net income per common share – basic	-5,310	-720	-1,330	1,020	1,410	730	3,000	1,380	120	4,080	280	1,890	4,010	1,600	7,390	3,080		-742.5	140					-2,170	900	-280	240	120	-290	1.01	0.06	-0.49	0.05	0.06	-0.26	0.22	0.28					-2.83	-5.33	-4.12	-3.79	1.71	0.96	-0.07	0.11	0.28	0.03	0.4	0.14	0.21				0.17	0.46
net income per common share – diluted	-5,310	-710	-1,330	1,000	1,390	720	2,960	1,360	110	4,060	280	1,880	3,980	2,000	6,770	2,740		-742.5	130					-2,170	740	-280	240	120	-290	1.01	0.06	-0.49	0.05	0.06	-0.26	0.22	0.27					-2.83	-5.33	-4.12	-3.79	1.7	0.95	-0.07	0.11	0.29	0.03	0.39	0.14	0.21				0.17	0.46
weighted-average common shares outstanding – basic	98,502,731,000	97,711,444,000	97,123,889,000	98,060,407,000	98,559,724,000	99,852,539,000	99,494,313,000	100,266,462,000	100,442,472,000	91,483,687,000	92,768,035,000	88,800,994,000	84,915,729,000	78,557,216,000	78,589,661,000	77,366,704,000	76,922,543,000		65,856,479,000					415,356,043,000
weighted-average common shares outstanding – diluted	98,502,731,000	99,314,382,000	97,123,889,000	99,394,539,000	99,992,487,000	101,267,625,000	100,724,784,000	101,985,074,000	101,636,132,000	92,060,947,000	93,742,407,000	89,108,519,000	85,407,197,000	86,675,365,000	86,141,293,000	86,788,465,000	76,922,543,000		66,629,566,000					415,356,043,000
legal settlement expense		8,272,750		33,091,000
loss on unsettled interest rate derivatives		-68,500	-131,000		-144,000	-5,000	-20,000																	-752,000
interest expense, net of capitalization				-44,435,000	-43,850,000	-45,259,000	-36,837,000	-37,696,000	-37,925,000	-36,513,000	-37,040,000	-31,968,000	-30,143,000	-23,808,000	-20,135,000	-18,410,000	-17,977,000	-15,900,000	-14,586,000	-15,024,000	-13,510,000	-13,358,000	-14,637,000	-13,957,000	-16,551,000	-20,393,000	-21,510,000	-17,778,000	-19,548,000	-20,057,024	-20,438,025	-22,403,373	-23,106,761	-20,881,740	-16,672,632	-16,428,164	-16,303,805	-16,195,176	-16,145,440	-16,046,325	-16,098,682	-16,081,987	-16,154,160	-14,387,693	-11,736,547	-11,255,672	-10,624,246	-10,326,789	-9,898,968	-9,568,631	-9,212,834
gain on extinguishment of debt										164,750			659,000	143,500	339,000	236,000		-3,271,750		-494,000		-929,500	1,592,000	217,000
contingent consideration gain												3,931,000	6,176,000					-73,000	82,000										1,392,000
total other income								-37,633,000	-37,869,000	-36,430,000	-37,019,000	-27,965,000	-19,706,000	-22,493,000	-19,839,000	-17,835,000	-16,687,000	-15,325,000	-14,410,000	-15,643,000	-25,986,000	-13,367,000	-14,351,000	-14,492,000	-22,755,000	-45,411,000	-26,719,000	-47,840,000	-11,857,000	-136,571,576	-16,617,985	-112,864,565	-22,940,126	-21,759,193	-16,672,448	-16,523,118	-16,303,625	-16,218,415	-16,145,257	-16,046,144	-17,181,218	-16,114,206	-16,152,574	-14,387,494	-11,736,205	-11,254,102	-10,611,224	-10,324,685	-9,868,303	-9,584,840	-9,382,142	-8,087,379	-6,107,936	-5,721,016	-5,205,716	-2,727,404	-195,899	-160,170	-180,800
cumulative preferred stock dividend														-1,366,000	-2,610,000	-2,810,000	-3,016,000	-3,607,000	-3,605,000	-3,719,000	-3,830,000	-4,280,000	-3,718,000	-3,788,000
premium on repurchase of preferred stock														-10,411,000		-10,363,000	-14,957,000
income tax provision												39,012,000	692,000	782,000	1,333,000	1,006,000	789,000					-41,500			-166,000																	-50	-77,544	-66,866,610	-135,480,000	62,967,000	35,050,000	-2,750,000	4,100,000	10,505,000	1,028,000	14,630,000	5,604,614	8,123,000	213,422	28,840,000	5,825,350	1,110,000	17,173,000	13,060,000	-4,507,700	-1,011,000	620,000	620,000	3,833,000	280,000	977,000			1,059,000	211,000	-205,000
general and administrative expense														8,038,750	10,278,000	8,064,000	13,813,000	4,969,500	5,490,000	7,604,000	6,782,000	3,546,250	4,605,000	4,710,000	4,871,000	3,876,500	4,206,000	5,250,000	6,051,000									3,735,671	2,098,293	4,586,275	4,337,402	5,817,992	4,614,771	4,256,436	4,352,806	4,924,825	4,698,972	3,980,819	3,997,690	4,507,001	4,164,335	3,915,298	3,988,806	4,076,619	9,467,711	4,419,607	4,681,378	3,510,897	4,073,988	2,749,418	3,290,589	1,961,860	1,624,071	1,624,071	718,471	519,014	893,671	893,671		896,877	555,316	568,635	817,567	355,103	410,736	410,736	507,883
loss on commodity derivatives																-108,197,000
contingent consideration loss																				-250,000	-125,000					-879,000	-5,262,000	-24,763,000
net loss attributable to common stockholders																	-224,533,000			-94,282,000
net loss per common share – basic																	-2,920																					-1.15	-0.74	-1.78	-2.08
net loss per common share – diluted																	-2,920																					-1.15	-0.74	-1.78	-2.08
other revenue																		1,000	1,000		1,000	5,000	3,000	3,000	8,000	11,000	3,000	2,000	5,000	1,555	1,595	1,809	4,100	3,403	4,321	7,844	7,742	8,358	8,650	9,327	5,012	8,862	9,887	9,909	7,207	3,249	2,594	3,269		6,888	1,372	27,783	8,359	18,579	12,486	64,160	84,106	66,250	88,738	104,433	25,813	37,784	15,868	15,868	11,782		20,466	20,466
impairment expense																						104,463,000	199,489,000	762,716,000
write-off of debt issuance costs																							-1,543,000													-95,135					-1,089,507
net loss per common share – basic*																				-1,550
net loss per common share – diluted*																				-1,550
weighted-average common shares outstanding – basic*																				60,694,795,000	54,538,099,000		43,517,074,000
weighted-average common shares outstanding – diluted*																				60,694,795,000	54,538,099,000		43,517,074,000
net income per common share – basic*																					-1,730	-3,020	-5,440
net income per common share – diluted*																					-1,730	-3,020	-5,440
impairment of other current assets																										-1,571,000	5,275,000	2,694,000
debt exchange derivative gain																											-23,000	-4,873,000	6,287,000	3,265,713	13,062,852
net income attributable to common shareholders																						-146,403,000	-236,722,000	-902,988,000
weighted-average shares outstanding – basic																		62,989,543,000							403,662,541,000	387,084,651,000	396,044,887,000	378,368,462,000	371,448,566,000	236,206,457	300,517,497	196,140,610	65,215,148	62,408,855	61,843,377	61,643,862	61,446,156	61,173,547	61,237,627	61,180,313	60,964,029	60,652,447	60,679,257	60,644,635	60,556,180	60,691,701	60,559,827	60,504,781	61,203,725	62,364,957	62,426,341	62,973,916	62,857,322	62,485,836	62,589,256			61,789,289	61,919,641	61,686,463	63,000,113	50,387,203	51,519,732	51,519,732	49,934,409	34,582,282	44,098,553	44,098,553		36,769,195						30,864,339
weighted-average shares outstanding – diluted																		62,989,543,000							497,265,647,000	387,084,651,000	396,530,767,000	378,724,511,000	371,448,566,000	236,773,911	301,755,419	196,140,610	65,382,772	62,408,855	61,843,377	61,885,952	61,972,123	61,173,547	61,237,627	61,180,313	60,964,029	60,652,447	60,679,257	60,644,635	60,556,180	60,860,769	60,736,502	60,504,781	61,446,274	62,747,298	62,758,378	63,358,152	63,316,301		62,882,673				62,265,502
gain on derivative instruments																										-101,698,000	75,892,000	36,591,000	-139,623,000	290,628,481	-43,148,073	-42,202,788	-20,271,451	-35,477,317	-12,663,253	16,513,032	16,960,883	-11,141,232	3,381,564	-10,522,948	3,463,883	17,563,910	51,366,762	-22,211,048
loss on the extinguishment of debt																										-22,762,000		-425,000		-73,054,861	-9,542,206	-90,832,975
oil, natural gas, and ngl sales																														85,335,847.5	145,415,698	109,046,878	86,880,814
impairment of oil and natural gas properties																																							43,820,791	88,880,921	104,311,122	249,203,928.25	354,422,654	281,964,097	360,428,962
total expenses																																				34,576,905	32,572,699	33,457,789	74,583,046	124,946,744	141,220,772	213,112,195	408,323,554	343,402,927	429,607,005	79,717,511	77,130,955	71,439,778	61,567,241	64,439,007	57,671,154	48,432,751	47,234,013	48,350,512	54,376,314	44,013,801	35,695,832	27,096,826	23,079,016	17,103,690	14,859,331	14,163,826	8,159,485	8,159,485	6,133,565	1,437,445	4,596,936	4,596,936			1,608,917	1,127,066	1,426,000	645,957	576,487	576,487	570,575
income tax benefit																																																																				977,000
gain on settled derivatives																																													39,994,650					-2,241,543.75	-8,096,075			-1,182,296.5	1,701,296			-2,673,751.5	-1,824,719	-5,608,231		-1,372,553	776,010	776,010	303,919	-143,412	-176,983	-176,983
losses on the mark-to-market of derivative instruments																																													-14,331,367				-7,859,683
loss on settled derivatives																																														17,221,245	-7,017,599	-11,248,770	-6,817,980			-498,817	-371,283			-1,094,885	-5,335,597				-3,262,056
gain on the mark-to-market of derivative instruments																																														6,358,421	68,600,900
comprehensive income																																														103,583,321	57,985,310	-4,412,450	6,589,763	17,400,938	1,702,904	25,011,673	8,951,519	19,552,156	300,161	43,626,396	8,868,220
gains on the mark-to-market of derivative instruments																																																-35,307,533
the accompanying notes are an integral part of these financial statements.
unrealized gain on derivative instruments																																																		-6,813,536.75	-29,353,161	17,009,668		-2,978,806	-22,308,470	49,799,311
other comprehensive income net of tax
reclassification of derivative instruments included in income																																																									62,309
total other comprehensive income																																																									62,309
depletion of oil and gas properties																																																				26,435,050	26,668,171	26,645,265	27,952,585	25,519,809	18,309,500	14,852,963	10,749,384	8,349,600	6,863,479	8,632,410	3,767,712	3,767,712	2,600,836	548,124	1,883,605	1,883,605		935,804	719,596	381,654
depreciation and amortization																																																				92,867	94,275	105,662	104,830	102,307	97,089	83,932	75,597	70,295	68,313	65,398	60,300	60,300	26,267	22,777	24,630	24,630		22,918	22,777	22,679
accretion of discount on asset retirement obligations																																																				31,209	30,247	25,031	23,709	21,821	15,632	35,750	7,781	7,794	4,730	-9,022	18,025	18,025	9,215	2,077	3,537	3,537		1,306	2,077	1,394
unrealized loss on derivative instruments																																																					-14,910,655
total revenue																																																					67,898,082				50,522,992
comprehensive income, net of tax
interest income																																																						57	106	700	400	125	1,699
gain on available for sale securities
other comprehensive income, net of tax
unrealized gains on marketable securities
net income per common share - basic																																																								0.7	0.14			0.33	-0.11	-0.04	0.02	0.02	0.12	0.01	0.04	0.04
net income per common share - diluted																																																								0.7	0.14			0.33	-0.11	-0.04	0.02	0.02	0.12	0.01	0.04	0.04
weighted-average shares outstanding - basic																																																								62,399,869	62,239,237
weighted-average shares outstanding - diluted																																																						62,869,079		62,705,473	62,670,156	62,195,340		62,053,888	63,000,113	50,778,245	52,145,181	52,145,181	50,609,944	34,741,036	44,544,469	44,544,469		36,941,573						34,379,541
loss on mark-to-market of derivative instruments																																																									-9,364,913
unrealized losses on marketable securities
mark-to-market gain of derivative instruments																																																										6,668,750.75	27,105,400	20,848,232
the accompanying notes are an integral part of these condensed financial statements.
mark-to-market of derivative instruments																																																													-21,278,629	-11,356,283	-6,449,577	-6,449,577	4,251,199		-990,816	-990,816
revenues - sum																																																													2,526,749	11,221,992	9,883,821		16,231,773		7,221,514			4,855,972	2,275,084	658,268
the accompanying notes are an integral part of these condensed unaudited financial statements.
share based compensation																																																																	1,193,072	36,302	813,297	813,297
other expense																																																																	-144,342		-87,948
*see note 2
gain on derivatives																																																																						-291,000		17,534	777,585				1,300
severance taxes																																																																						437,048	189,400	58,315	83,173	69,673	38,242	38,242
net income per common share - basic and diluted																																																																						0.04
gain (loss) on derivatives																																																																							-143,412
income (loss) from operations																																																																							666,167		481,667	716,698	188,041
net income per common share – basic and diluted																																																																							0.01		0.04	0.03	0.01	0.01
weighted average shares outstanding – basic																																																																					36,705,267		34,582,282	34,223,925	31,920,747	33,834,283	30,864,339		28,849,731
weighted average shares outstanding - diluted																																																																					36,877,070		34,741,036	34,223,925	32,653,552	34,414,987	34,379,541		28,849,731
net loss per common share – basic and diluted																																																																								-0.01					-0.01
depletion and depreciation																																																																									92,948	203,103	119,489	119,489	49,200
income (loss) before income taxes																																																																									518,744	871,819	283,465

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-11-08	2010-09-30	2010-08-09	2010-06-30	2010-05-06	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2009-03-16	2008-12-31	2008-09-30	2008-08-08	2008-06-30	2008-03-31	2007-12-31

assets
current assets:
cash and cash equivalents	37,041,000	14,299,000	31,648,000	25,856,000	33,576,000	8,933,000	34,356,000	7,778,000	32,468,000	8,195,000	12,952,000	14,805,000	6,073,000	2,528,000	9,129,000	1,471,000	3,335,000	9,519,000	2,006,000	4,843,000	2,729,000	1,428,000	1,803,000	1,838,000	8,512,000	16,068,000	1,901,000	2,794,000	3,944,000	2,357,858	112,965,907	200,924,143	89,472,745	102,183,191	6,776,667	3,808,829	5,518,799	6,486,098	3,319,021	3,390,389	3,390,389	3,390,389	7,042,258	7,112,054	5,741,083	9,337,512	8,049,167	14,252,184	8,108,950	5,687,166	11,868,598	18,095,437	8,482,166	13,387,998	8,234,566	25,171,675	3,834,888	6,279,587	8,265,649	77,379,376	99,705,160	152,110,701	39,486,949	39,486,949	70,167,911	70,167,911	1,153,583	1,153,583	6,233,372	288,042	13,634,518	640,104	780,716	780,716	6,772,167	12,367,173	12,367,173	1,967,740	10,112,660
accounts receivable	395,291,000	349,927,000	333,957,000	410,245,000	409,624,000	389,673,000	316,933,000	359,649,000	331,119,000	370,531,000	363,516,000	265,042,000	274,399,000	271,336,000	318,139,000	360,859,000	297,754,000	193,554,000	158,047,000	131,165,000	94,804,000	71,015,000	60,067,000	43,408,000	97,580,000	108,274,000	103,226,000	87,697,000	90,509,000	96,352,918	90,476,380	68,273,411	51,284,262	46,851,682	39,179,206	35,984,651	33,945,067	35,840,042
prepaid expenses and other	19,010,000	7,065,000	6,816,000	6,517,000	5,076,000	5,271,000	12,111,000	2,651,000	2,566,000	2,489,000	2,567,000	2,488,000	2,328,000	2,014,000	2,293,000	2,987,000	2,111,000	3,417,000	2,393,000	2,705,000	2,455,000	1,420,000	1,697,000	2,204,000	2,216,000	1,964,000	2,717,000	8,226,000	12,182,000	12,360,027	17,960,647																				2,160,026	2,800,560
derivative instruments	7,682,000	166,678,000	129,169,000	109,281,000	52,904,000	46,525,000	100,797,000	19,569,000	36,710,000	75,733,000	65,160,000	68,674,000	72,156,000	35,293,000	34,000,000	3,610,000	1,720,000	2,519,000		518,000	2,005,000	51,290,000	119,468,000	156,436,000	245,552,000	5,628,000	62,531,000	32,531,000	18,578,000	115,870,246	61,637,192	43,644,644	26,796,245		2,622,120	14,935,836	3,671,684	4,517	7,212,947	64,611,558	64,611,558	64,611,558	87,881,527	83,581,535	124,698,923	128,893,220	3,849,629	45,110,007	167,302	62,890	22,692	2,504,212	573,873	4,095,197	4,005,611	17,732,562
income tax receivable	13,881,000	18,066,000	16,642,000	11,817,000	9,846,000	38,050,000	36,573,000	2,335,000	3,139,000	3,249,000		495,000		338,000										420,000	420,000	210,000	420,000	395,000	1,205,000	1,205,016	785,016	785,016	785,016	785,016	1,402,179	1,402,179	1,402,179	1,402,179
total current assets	472,905,000	586,031,000	542,483,000	588,357,000	521,612,000	500,743,000	518,923,000	413,667,000	412,796,000	509,407,000	469,626,000	385,753,000	395,941,000	320,485,000	376,694,000	382,795,000	323,456,000	215,328,000	167,583,000	139,664,000	102,424,000	125,629,000	183,749,000	205,094,000	354,847,000	133,037,000	172,110,000	133,068,000	126,461,000	228,414,559	224,740,440	275,983,359	147,020,439	152,758,154	53,470,363	60,669,457	48,188,446	46,894,169	46,321,835	122,029,719	122,029,719	128,814,806	189,203,701	175,633,528	212,175,499	225,987,573	106,448,328	128,204,049	104,684,787	104,387,563	118,814,458	97,961,413	94,136,643	94,214,544	96,654,199	117,107,492	85,757,011	80,504,772	90,066,570	135,653,959	179,984,008	233,018,360	65,965,869	65,965,869	90,596,786	90,596,786	34,204,202	34,204,202	42,017,813	9,637,976	21,876,015	5,670,943	5,193,213	5,193,213	8,541,447	17,605,086	17,605,086	5,962,838	10,502,630
property and equipment:
oil and natural gas properties, full cost method of accounting
proved	12,023,262,000	11,441,786,000	11,174,354,000	10,850,664,000	10,566,985,000	10,307,376,000	9,524,785,000	9,111,493,000	8,877,966,000	8,428,518,000	8,135,649,000	7,422,732,000	7,019,244,000	6,492,683,000	5,931,821,000	5,626,474,000	5,492,966,000	5,034,769,000	4,804,687,000	4,638,415,000	4,431,977,000	4,393,533,000	4,344,346,000	4,300,151,000	4,265,534,000	4,178,605,000	4,043,897,000	3,607,214,000	3,511,605,000	3,431,427,768	3,001,638,590	2,754,032,103	2,641,517,632	2,585,490,133	2,527,686,215	2,487,266,816	2,456,816,317	2,428,595,048	2,392,372,802	2,336,757,089	2,336,757,089	2,336,757,089	2,308,144,736	2,276,966,123	2,235,833,943	2,167,452,297	2,005,625,094	1,880,157,218	1,728,444,854	1,611,073,747	1,476,511,245	1,362,425,608	1,250,775,445	1,159,191,601	1,051,333,841	939,211,344	717,342,914	566,195,321	400,904,005	267,625,123	202,071,631	158,846,475
unproved	244,274,000	86,034,000	74,704,000	35,307,000	42,825,000	42,702,000	23,006,000	37,654,000	34,507,000	36,785,000	36,827,000	44,977,000	41,846,000	41,565,000	57,775,000	53,864,000	55,606,000	24,998,000	24,656,000	21,347,000	9,621,000	10,031,000	10,328,000	10,681,000	10,846,000	11,047,000	11,145,000	9,249,000	6,997,000	4,306,513	1,236,986	1,829,834	1,578,767	1,699,344	2,204,991	1,939,789	1,704,682	2,623,802	4,822,789	10,007,529	10,007,529	10,007,529	15,341,573	19,040,028	26,854,820	50,642,433	71,275,756	72,738,526	68,880,470	70,148,348	85,059,046	81,616,025	91,818,469	82,926,384	104,910,316	98,102,110	141,627,217	137,784,903	146,459,279	185,767,402	157,678,911	136,135,163
less – accumulated depletion and impairment	-7,248,728,000	-6,784,649,000
total oil and natural gas properties	5,018,808,000	4,743,171,000
other property and equipment	2,845,000	3,196,000	8,916,000	8,678,000	8,783,000	8,197,000	8,182,000	8,146,000	8,120,000	8,069,000	7,421,000	7,360,000	7,096,000	6,858,000	6,857,000	6,833,000	2,732,000	2,616,000	2,779,000	2,501,000	2,502,000	2,451,000	2,215,000	2,164,000	2,156,000	2,157,000	1,999,000	1,609,000	1,003,000	998,192	998,192	963,364	1,003,388	981,303	981,303	977,349	977,349	977,349	1,871,314	1,837,469	1,837,469	1,837,469	1,891,228	1,885,932	1,879,928	1,870,369	1,781,645	1,766,997	1,715,418	1,701,366	1,567,652	1,400,756	3,232,324	3,158,224	3,173,798	3,161,246	3,119,612	2,988,641	2,660,240	2,552,891	2,499,699	2,479,199	2,395,743	2,395,743	2,193,447	2,193,447	470,016	470,016	439,656	422,850	415,343	412,927	408,400	408,400	269,084	247,003	247,003	247,003
total property and equipment	5,021,653,000	4,746,367,000	11,257,974,000	10,894,649,000	10,618,593,000	10,358,275,000	9,555,973,000	9,157,293,000	8,920,593,000	8,473,372,000	8,179,897,000	7,475,069,000	7,068,185,000	6,541,106,000	5,996,453,000	5,687,171,000	5,551,304,000	5,062,383,000	4,832,122,000	4,662,263,000	4,444,100,000	4,406,015,000	4,356,889,000	4,312,996,000	4,278,536,000	4,191,809,000	4,057,041,000	3,618,072,000	3,519,605,000	3,436,732,473	3,003,873,768	2,756,825,301	2,644,099,787	2,588,170,780	2,530,872,509	2,490,183,954	2,459,498,348	2,432,196,199	2,399,066,905	2,348,602,087	2,348,602,087	2,348,602,087	2,325,377,537	2,297,892,083	2,264,568,691	2,219,965,099	2,078,682,495	1,954,662,741	1,799,040,742	1,682,923,461	1,563,137,943	1,445,442,389	1,345,826,238	1,245,276,209	1,159,417,955	1,040,474,700	862,089,743	706,968,865	550,023,524	455,945,416	362,250,241	297,460,837	207,826,518	207,826,518	158,378,503	158,378,503	120,067,760	120,067,760		73,951,595	73,840,731	58,453,952	56,088,967	56,088,967	39,798,371	20,900,777	20,900,777	14,999,696	7,628,834
other noncurrent assets	15,635,000	73,941,000	11,413,000	19,679,000	10,158,000	11,077,000	16,155,000	15,111,000	14,439,000	15,466,000	16,861,000	15,658,000	16,490,000	16,220,000	15,930,000	16,555,000	10,985,000	11,683,000	11,970,000	12,634,000	10,578,000	11,145,000	11,722,000	13,756,000	14,409,000	15,071,000	9,842,000	10,012,000	10,368,000	10,222,659	5,443,131	5,301,565	5,998,270	5,490,934	6,668,836	8,138,977	8,195,320	8,430,359	8,665,794	10,080,846	10,080,846
total assets	5,514,846,000	5,409,375,000	5,494,189,000	5,702,493,000	5,674,614,000	5,603,822,000	5,055,327,000	4,724,664,000	4,633,801,000	4,484,255,000	4,304,666,000	3,664,749,000	3,342,866,000	2,875,178,000	2,471,476,000	2,192,235,000	2,024,469,000	1,522,866,000	1,244,062,000	1,091,810,000	873,243,000	872,089,000	1,025,524,000	1,263,273,000	2,237,386,000	1,905,465,000	1,902,009,000	1,494,391,000	1,395,779,000	1,503,645,305	1,068,949,402	883,082,503	664,470,446	632,253,679	494,365,880	481,305,903	449,244,727	431,532,961	410,372,136	721,430,948	721,430,948	733,945,448	1,001,236,168	1,338,766,886	1,640,664,805	2,026,746,332	1,796,574,655	1,734,182,649	1,598,047,200	1,519,599,960	1,452,735,780	1,352,562,790	1,263,731,481	1,190,935,298	1,135,215,576	1,073,597,565	869,807,816	725,593,919	595,971,749	555,282,115	514,427,833	509,693,965	261,784,360	261,784,360	240,874,456	240,874,456	148,549,202	148,549,202		83,053,674	96,089,654	67,088,944	62,875,539	62,875,539	51,285,555	38,333,728	38,333,728	20,909,888	18,131,464
liabilities and stockholders’ equity
current liabilities:
accounts payable	234,921,000	218,620,000	160,259,000	173,911,000	230,924,000	202,866,000	152,455,000	150,145,000	156,233,000	192,672,000	235,129,000	154,020,000	134,264,000	128,582,000	142,678,000	141,372,000	101,696,000	65,464,000	65,912,000	49,186,000	40,788,000	35,803,000	20,372,000	50,005,000	58,447,000	69,395,000	112,698,000	93,355,000	154,339,000	135,482,513	122,279,397	92,176,052	95,148,543	93,152,297	81,150,980	72,396,006	64,204,150	56,146,847	47,759,558	65,319,170	65,319,170	65,319,170	98,885,559	115,820,230	161,546,866	231,557,547	220,127,572	217,865,235	168,619,872	168,936,785	146,468,743	108,389,431	118,562,082	95,822,162	122,259,062	143,061,879	114,864,432	110,133,286	52,519,516	56,416,606	28,531,576	48,500,204	15,086,298	15,086,298	9,987,487	9,987,487	13,495,727	13,495,727	6,419,534	4,887,047	4,519,824	3,977,145	1,934,810	1,934,810	770,771	426,307	426,307	481,696	113,254
accrued liabilities and other	402,085,000		334,505,000	310,162,000
total current liabilities	899,385,000	539,293,000	495,342,000	488,197,000	564,318,000	544,270,000	420,288,000	465,569,000	428,010,000	385,761,000	602,491,000	378,751,000	345,300,000	344,972,000	381,746,000	635,932,000	625,529,000	327,557,000	355,172,000	300,837,000	155,968,000	182,475,000	170,455,000	179,220,000	235,078,000	203,477,000	230,824,000	232,726,000	226,054,000	231,526,297	215,378,909	158,003,883	147,942,804	123,575,246	265,468,079	83,343,284	88,587,466	77,443,666	72,582,958	78,115,147	78,115,147	78,115,147	156,418,872	154,093,546	221,818,334	285,734,207	239,084,180	269,464,473	209,558,676	194,088,018	185,136,745	118,726,286	134,943,953	100,456,663	134,760,080	153,939,141	130,922,854	119,660,595	58,029,958	72,155,369	56,944,536	59,666,926	19,568,886	19,568,886	11,944,757	11,944,757	16,392,207	16,392,207		8,055,210	16,022,330	10,597,829	13,411,065	13,411,065	4,377,361	3,325,757	3,325,757	2,194,099	224,247
long-term debt	2,551,528,000	2,395,393,000	2,345,879,000	2,365,942,000	2,310,500,000	2,369,294,000	1,953,099,000	1,874,909,000	1,938,731,000	1,835,554,000	2,057,359,000	1,672,551,000	1,756,949,000	1,525,413,000	1,169,220,000	1,102,214,000	1,119,500,000	803,437,000	858,415,000	801,998,000	817,061,000	879,843,000	918,327,000	924,171,000	975,282,000	1,118,161,000	1,140,072,000	857,198,000	839,229,000	830,203,272	789,528,047	834,767,656	980,782,714	979,324,222	691,118,074	845,281,659	823,450,676	832,625,125	807,788,710	835,290,329	835,290,329
deferred tax liability	76,424,000	247,645,000	263,247,000	298,749,000	274,684,000	228,038,000	210,738,000	112,870,000	71,249,000	68,488,000	7,291,000	30,528,000																															31,695,562	27,423,683	41,679,000	43,938,000	145,955,000	128,029,000	123,045,000	116,674,000	106,634,000	98,060,000	85,141,000	76,175,000	709,000	6,029,000	43,941,000	35,929,000	2,531,000			9,167,000							922,000
asset retirement obligations	53,275,000	50,831,000	49,354,000	48,376,000	46,975,000	45,907,000	42,867,000	41,409,000	39,899,000	38,203,000	36,799,000	34,780,000	32,905,000	31,582,000	29,913,000	28,678,000	27,815,000	25,865,000	27,106,000	26,176,000	18,884,000	18,366,000	17,891,000	17,526,000	17,198,000	795,000	16,582,000	12,845,000	12,364,000	554,589	497,129	483,365	550,443	565,521	577,886	507,943	586,821	517,423	243,698	188,770	188,770	188,770	212,269	209,750	212,771
other noncurrent liabilities	1,638,000	1,770,000	1,898,000	2,023,000	2,148,000	2,272,000	2,391,000	2,509,000	2,625,000	2,741,000	2,847,000	2,944,000	3,042,000	2,045,000	2,116,000	2,186,000	2,304,000	3,110,000	4,349,000	3,490,000	26,000	50,000	126,000	199,000	273,000	345,000	417,000	329,000	381,000	104,582	112,835	120,298	127,761	135,225	141,152	146,313	151,473	156,632								5,105,762	4,824,408	4,428,584	4,042,107	3,832,550	2,129,018	1,891,210	1,758,894	1,570,630	1,422,683	1,291,844	1,112,271	959,366	744,106	681,133	563,127	477,900							243,888			136,208
total liabilities	3,730,450,000	3,283,034,000	3,249,791,000	3,289,474,000	3,272,533,000	3,283,387,000	2,741,825,000	2,656,357,000	2,631,822,000	2,436,578,000	2,896,873,000	2,248,952,000	2,294,799,000	2,129,917,000	1,762,379,000	2,039,585,000	2,059,771,000	1,307,731,000	1,401,773,000	1,260,027,000	1,053,926,000	1,095,393,000	1,109,255,000	1,122,544,000	1,228,379,000	1,346,822,000	1,387,894,000	1,104,742,000	1,083,019,000	1,073,780,422	1,057,739,429	1,030,902,761	1,153,246,930	1,123,094,229	964,970,306	936,776,875	919,335,025	918,954,629	886,432,594	919,033,062	919,033,062	931,547,562	1,029,577,891	1,044,975,190	1,097,788,187	1,255,884,691	1,128,264,048	1,124,724,284	984,819,036	899,771,599	851,870,683	729,107,226	667,069,764	604,750,038	569,839,763	515,357,985	359,760,805	229,023,864	101,473,064			74,334,483										17,440,745	13,411,065	13,411,065	4,377,361	3,325,757	3,325,757	2,194,099	224,247
commitments and contingencies
stockholders’ equity
common stock	508,000	499,000	500,000	500,000		501,000				503,000				487,000				479,000				448,000				406,000				378,333	334,210	293,600	65,938	66,792	63,822	63,822	63,383	63,260	63,030	63,120	63,120	63,120	61,601	61,603	61,553	61,067	61,027	61,030	60,984		61,797	63,808	63,784				63,504	63,330	63,155			62,129
additional paid-in capital	1,825,456,000	1,644,563,000	1,691,887,000	1,731,434,000		1,877,416,000				2,124,963,000				1,745,532,000				1,988,649,000				1,556,602,000				1,431,438,000				1,226,371,047	1,026,052,523	886,041,475	448,766,213	449,666,390	446,056,796	445,102,784	444,285,756	443,895,032	442,926,076	440,221,018	440,221,018	440,221,018	437,169,607	436,060,992	435,085,349	433,332,285	434,364,613	433,497,678	432,855,073		444,481,894	468,773,256	466,991,106				452,806,912	448,198,350	444,937,243			428,484,092							124,884,266				51,692,776	51,692,776	50,435,311	39,842,362	39,842,362	23,190,679	22,259,921
retained earnings	-41,568,000	481,279,000	552,011,000	681,085,000		442,518,000																																			-637,886,252	-637,886,252	-465,572,931	-142,330,899	107,729,716	337,468,289	233,884,967	175,899,657	180,312,107		156,321,406	154,618,500	129,606,827				57,176,595	48,370,684	49,751,472			7,759,192							841,892
advances to operators		29,996,000	24,251,000	24,641,000	10,586,000	12,291,000	18,153,000	21,685,000	6,794,000	49,210,000	25,431,000	34,249,000	40,985,000	8,976,000	13,133,000	13,868,000	18,536,000	6,319,000	5,137,000	433,000	431,000	476,000	714,000	788,000	567,000	893,000	1,314,000	1,425,000	43,000	268,494	2,552,490	416,002	3,023,851	604,977	1,211,517	1,631,987	1,178,400	1,577,204	1,733,051	1,689,879	1,689,879	1,689,879	2,002,713	992,739	1,875,149	930,034	869,485	855,736	608,471	618,786	1,666,129	1,640,014	3,137,738	3,109,591	4,050,511	7,023,970	12,546,787	17,530,474
accrued liabilities		293,779,000			273,435,000	290,792,000	237,244,000	215,833,000	161,507,000	147,943,000	154,882,000	178,783,000	162,066,000	121,737,000	114,850,000	127,613,000	137,593,000	105,590,000	100,443,000	91,724,000	72,667,000	68,673,000	70,203,000	54,216,000	101,302,000	110,374,000	90,114,000	83,880,000
accrued interest		23,018,000			26,637,000	25,992,000	28,034,000	26,804,000	28,044,000	26,219,000	32,074,000	28,925,000	15,221,000	24,347,000	5,967,000	20,996,000	5,519,000	20,498,000	4,248,000	16,877,000	5,769,000	8,341,000	8,442,000	7,895,000	9,308,000	11,615,000	17,567,000	15,050,000	16,901,000	16,467,628	10,266,623	4,859,913	18,839,931	4,836,112	18,693,327	4,666,667	18,666,667	4,682,894	18,670,814	4,713,232	4,713,232	4,713,232	19,358,330	5,352,777	13,615,052	3,585,536	13,491,862	3,472,894	13,488,970	3,386,409	13,333,333	3,333,333	8,199,330	2,180,416	9,022,667
other current liabilities		3,876,000			5,467,000	4,705,000	1,751,000	2,061,000	1,936,000	2,130,000	2,016,000	1,879,000	1,905,000	1,781,000	2,983,000	2,323,000	2,541,000	1,722,000	1,635,000	1,843,000	1,018,000	1,087,000	1,000,000	906,000	891,000		387,000	566,000	724,000
total stockholders’ equity		2,126,341,000				2,320,435,000				2,047,676,000				745,260,000				215,135,000				-223,304,000				558,643,000				429,864,883	11,209,973										-197,602,114		-28,341,723	293,791,696	542,876,618	770,861,641	668,310,607	609,458,365	613,228,164		600,865,097	623,455,564	596,661,717				510,047,011	496,570,055
total liabilities and stockholders’ equity		5,409,375,000				5,603,822,000				4,484,255,000				2,875,178,000												1,905,465,000				1,503,645,305	1,068,949,402										721,430,948		1,001,236,168	1,338,766,886	1,640,664,805	2,026,746,332	1,796,574,655	1,734,182,649	1,598,047,200		1,452,735,780	1,352,562,790	1,263,731,481				869,807,816	725,593,919
less – accumulated depreciation, depletion and impairment			-6,318,690,000	-5,801,503,000	-5,480,999,000	-5,276,105,000	-5,075,954,000	-4,891,014,000	-4,715,097,000	-4,541,808,000	-4,391,261,000	-4,258,089,000	-4,152,245,000	-4,058,180,000	-3,981,393,000	-3,915,919,000	-3,861,759,000	-3,809,041,000	-3,767,613,000	-3,732,183,000	-3,701,715,000	-3,670,811,000	-3,533,887,000	-3,303,913,000	-2,504,735,000	-2,443,216,000	-2,380,086,000	-2,324,790,000	-2,278,914,000	-2,233,987,232	-2,185,892,937	-2,155,812,722	-2,133,433,050	-2,114,951,189	-2,097,463,246	-2,082,243,816	-2,068,695,690	-2,055,987,766	-2,043,702,564	-1,759,281,704	-1,759,281,704		-1,568,202,406	-1,182,200,074	-863,573,953
acquisition deposit					4,000,000		25,500,000	25,500,000		17,094,000		37,500,000		43,000,000	28,500,000	17,000,000		40,650,000		9,400,000	17,500,000		225,000	774,000				31,000,000			20,000,000
contingent consideration													3,931,000	10,107,000	1,859,000				242,000	513,000	618,000	493,000					10,058,000	36,992,000	37,160,000	58,068,917	8,334,160
retained deficit										-77,790,000				-1,000,759,000				-1,773,996,000				-1,780,356,000				-873,203,000				-796,884,497	-1,015,176,760	-1,034,155,333	-937,608,635	-940,573,732	-916,725,044	-900,637,578	-914,439,437	-931,379,960	-919,049,564	-637,886,252																																			-3,413,393	-4,285,212	-4,285,212	-4,568,677
income tax payable											2,051,000		353,000
liabilities and stockholders' equity
preferred stock, par value 0.001; 5,000,000 authorized;zero shares outstanding at 12/31/20222,218,732 shares outstanding at 12/31/2021
preferred stock, par value .001; 5,000,000 shares authorized; 1,643,732 series a shares outstanding at 9/30/2022 2,218,732 series a shares outstanding at 12/31/2021															2,000
preferred stock, par value .001; 5,000,000 shares authorized; 1,643,732 series a shares outstanding at 6/30/2022 2,218,732 series a shares outstanding at 12/31/2021																2,000
preferred stock, par value .001; 5,000,000 shares authorized; 1,856,061 series a shares outstanding at 3/31/2022 2,218,732 series a shares outstanding at 12/31/2021																	2,000
current portion of long-term debt																						65,000,000	65,000,000	65,000,000	65,000,000
stockholders' equity
preferred stock, par value 0.001; 5,000,000 authorized2,218,732 shares outstanding at 12/31/20212,218,732 shares outstanding at 12/31/2020																		2,000
total liabilities and stockholders' equity																		1,522,866,000				872,089,000																				733,945,448																	595,971,749			509,693,965											62,875,539	62,875,539	51,285,555	38,333,728	38,333,728	20,909,888	18,131,464
preferred stock, par value .001; 5,000,000 shares authorized; 2,218,732 series a shares outstanding at 9/30/2021 2,218,732 series a shares outstanding at 12/31/2020																			2,000
deferred income taxes																										210,000	420,000	420,000	420,000	420,000	785,000	785,000	785,000	785,000
preferred stock, par value 0.001; 5,000,000 authorized2,218,732 shares outstanding at 12/31/20201,500,000 shares outstanding at 12/31/2019																						2,000
debt exchange derivative																												2,791,000	9,225,000	18,183,212	6,030,363	10,923,000
preferred stock, par value 0.001; 5,000,000 authorized																										2,000
preferred stock, par value .001; 5,000,000 authorized, no shares outstanding
accrued expenses																													1,823,000	2,769,438	6,334,045	5,916,909	6,607,642	6,339,425	10,041,145	5,772,668	4,721,006	6,094,938	5,201,185	7,893,975	7,893,975	7,893,975	6,266,474	5,221,374	4,663,999	6,653,124	4,933,500	3,016,337	2,479,401	2,645,178	3,493,161	2,253,743	1,062,778	2,454,085	2,769,351	4,848,262	1,112,942	131,012	2,960,868	1,440,211	439,790	2,829	2,358,824	2,358,824	1,938,696	1,938,696	676,376	676,376	316,977	1,252,657	335,913	327,768	1,270,075	1,270,075	3,296	3,885	3,885	15,175	110,993
prepaid and other expenses																																5,584,787	2,454,565	2,333,288	2,278,674	2,905,975	2,472,317	1,584,129	1,200,717	892,867	892,867	892,867	983,612	1,540,885	1,268,652	895,088	1,792,569	1,735,379	1,063,734	770,740
liabilities and stockholders’ deficit
stockholders’ deficit
total stockholders’ deficit																																-147,820,258	-488,776,484	-490,840,550	-470,604,426	-455,470,972	-470,090,298	-487,421,668	-476,060,458	-197,602,114
total liabilities and stockholders’ deficit																																883,082,503	664,470,446	632,253,679	494,365,880	481,305,903	449,244,727	431,532,961	410,372,136	721,430,948
property and equipment
current maturities of long-term debt																																			155,000,000
trade receivables																																							32,856,099	51,445,026	51,445,026	58,230,113	91,293,591	82,406,315	78,591,692	85,931,719	88,575,478	90,924,750	82,201,632	86,816,981	92,201,013	69,571,190	75,890,491	70,219,669	79,324,983	66,063,522	61,365,535	51,418,830	44,561,467	35,586,298	27,027,334	22,033,647	17,841,344	17,841,344	11,311,742	11,311,742	7,993,935	7,993,935	7,025,011	5,989,190	2,804,133	1,752,399	2,028,941	2,028,941	1,541,207	916,770	916,770	220,015
current assets
less - accumulated depreciation, depletion, and impairment																																										-1,759,281,704
debt issuance costs																																										15,810,259	16,831,376	17,730,903	13,097,051	13,819,195	14,541,339	15,050,983	15,750,691	16,160,283	16,868,802		11,390,927	11,713,030	12,211,806	12,444,823	3,633,570	1,386,201	1,329,302	1,186,783	1,277,732	1,367,124	1,446,521	1,446,521	1,525,703	1,525,703	1,276,673	1,276,673	1,427,071	1,574,028	1,717,624	1,629,768
current liabilities
deferred taxes
long-term liabilities
revolving credit facility																																										150,000,000	170,000,000	188,000,000	338,000,000	298,000,000	228,000,000	198,000,000	138,000,000	75,000,000	45,000,000		139,000,000	124,000,000	68,000,000		177,500,000	69,900,000	15,000,000
8% senior notes																																										697,804,829	697,676,782	697,548,735	507,681,416	508,053,097	508,424,779	508,796,460	509,168,142
total long-term liabilities																																										853,432,415	873,159,019	890,881,644	875,969,853	970,150,484	889,179,868	855,259,811	775,260,360	705,683,581	666,733,938	610,380,940	532,125,811	504,293,375	435,079,683	361,418,844	228,837,951	109,363,269	43,443,106	2,445,578	9,784,986	5,500,557										6,842,916
total stockholders' equity																																										-197,602,114																	494,498,685			435,359,482											49,464,474	49,464,474	46,908,194	35,007,971	35,007,971	18,715,789	17,907,217
the accompanying notes are an integral part of these financial statements.
deferred tax asset																																											31,695,562	27,423,683			3,312,000	20,436,000	12,702,000	10,431,000	10,896,000	3,350,000	5,061,000	1,695,000			6,625,000	4,472,000		6,203,000	11,884,000	5,100,000	863,000	863,000	863,000	863,000	863,000	863,000	2,057,000	562,000	1,867,000	1,975,000	1,433,000	1,433,000
less - accumulated depreciation and depletion																																														-458,038,546				-285,616,752				162,031,493	135,352,039	107,294,624	81,672,508	63,265,919	48,329,024	37,504,043	29,084,148	22,152,356	13,454,548	13,454,548	9,626,536	9,626,536	6,999,433	6,999,433	5,091,198	2,602,925	2,002,716	1,260,343	856,010	856,010	375,238	172,135	172,135	52,646
less – accumulated depreciation and depletion																																															-409,239,931	-363,735,124	-321,596,322		-247,019,968	214,952,621	188,793,939
8% senior notes due 2020, net of accumulated amortization of 960,177 and 0 at december 31, 2013 and 2012, respectively																																																		509,539,823
8% senior notes, net of accumulated amortization of bond premium of 588,496 at september 30, 2013 and 0 at december 31, 2012																																																			509,911,504
debt issuance costs, net of accumulated amortization of 4,033,478 at june 30, 2013 and 2,872,598 at december 31, 2012																																																				16,310,025
8% senior notes, net of accumulated amortization of bond premium of 216,814 at june 30, 2013 and 0 at december 31, 2012																																																				510,283,186
prepaid expenses																																																					782,327	592,001	758,476	875,212	995,145	486,421	457,492	518,841	396,474	345,695	417,913	417,913	481,371	481,371	209,347	209,347	143,606	98,177	116,446	122,273	71,554	71,554	121,897	127,450	127,450		25,680
other current assets																																																					209,048	1,115,088	280,052	240,551	389,656	317,460	290,306	211,015	753,661	475,967	303,848	303,848	272,392	272,392	313,285	313,285	201,314									115,633
8% senior notes due 2020																																																					300,000,000	300,000,000	300,000,000	300,000,000
derivative liability																																																									14,916,895	9,363,068		14,279,978	27,954,596	11,145,319	2,105,190	2,105,190			2,170,153	2,170,153	1,320,679	1,058,535	1,271,808	292,015
other liabilities																																																									28,585	33,229	18,574	18,574	18,574	18,574	18,574	18,574	18,574	18,574	18,574	18,574	18,574	18,574	18,574	18,573	135,731	135,731
accumulated other comprehensive loss																																																										-62,309	-253,185
short - term investments																																																													24,866,660	39,726,700					17,483,941	17,483,941	24,903,476	1,820,903	2,574,935
preferred stock, par value.001; 5,000,000 authorized,
no shares outstanding
prepaid drilling costs																																																											28,016,106	15,755,429	15,350,719	13,225,650	7,052,815	7,052,815	6,431,446	6,431,446	5,949,234	5,949,234	1,454,034	5,211	4,530	245,283	4,549	4,549	24,376	804,343	804,343		364,290
derivative asset																																																											8,475,550						1,068,924	1,068,924									81,800
preferred stock, par value .001; 5,000,000authorized, no shares outstanding
revolving line of credit																																																																								6,000,000
line of credit																																																																			31,377	31,377	834,492	838,397	1,638,382	1,642,057	1,650,720	1,650,720
subordinated notes																																																																					500,000			500,000
preferred stock, par value.001; 5,000,000 authorized, no shares outstanding
accumulated other comprehensive income																																																														-945,931							-2,210,620				-240,774	-240,774	-147,749	-903,174	-903,174	-141,074
oil and natural gas properties, full cost method (including unevaluated costs of
105,415,622 at 9/30/2010 and 53,862,529 at 12/31/2009)																																																															205,430,775	205,430,775
oil and natural gas properties, full cost method (including unevaluated cost of
86,422,227 at 6/30/2010 and 53,862,529 at 12/31/2009)																																																																	156,185,056	156,185,056
other receivables																																																																			237,877	237,877		874,453	874,453	935,884
69,531,236 at 3/31/10 and 53,862,529 at 12/31/2009)																																																																			119,597,744	119,597,744
long - term investments																																																																								2,561,624
* see note 2
property and equipment, at cost
44,001,755 at 9/30/09 and 35,990,267 at 12/31/2008)																																																																						73,528,745
44,259,384 at 6/30/09 and 42,621,297 at 12/31/2008)																																																																							73,425,388
accrued drilling costs																																																																							8,237,829	3,840,271	8,419,729	8,419,729	2,614,855	1,048,458	1,048,458
39,482,967 at 3/31/09 and 42,621,297 at 12/31/2008)																																																																								58,041,025
other receivable																																																																									874,453	874,453
42,621,297 at 12/31/2008 and 7,587,511 at 12/31/2007)																																																																									55,680,567	55,680,567
long-term investments																																																																									2,416,369	2,416,369
outstanding																																																																									34,121	34,121	34,025	32,282	32,282	28,901	28,696
accumulated deficit																																																																									-2,021,649	-2,021,649
oil and natural gas properties, full cost method																																																																											39,529,287
available for sale securities																																																																											3,320,975
margin loan																																																																											988,439	999,907	999,907
short-term investments																																																																												3,389,350	3,389,350	3,659,450
16,592,550 at 6/30/08 and 7,587,511 at 12/31/2007)																																																																												20,653,774	20,653,774
derivative liabilities																																																																												847,200	847,200
additional paid in capital, shares to be issued																																																																												321,713	321,713
13,209,500 at 3/31/08 and 7,587,511 at 12/31/2007)																																																																														14,752,693
checks issued, not cashed																																																																														177,741
short term loan																																																																														1,519,487
obligations to issue stock																																																																														205,960
restricted cash
oil and natural gas properties – unproved, using full cost accounting:
leasehold interest – montana																																																																															1,366,966
leasehold interest – north dakota																																																																															3,417,738
leasehold interest - new york																																																																															2,802,807
total oil and natural gas properties – unproved																																																																															7,587,511
office equipment and furniture																																																																															41,323
other assets
deposit – msp leasehold
deposit – southfork leasehold
deposit – kntx shell
total other assets
investor subscriptions net of issuance costs
convertible notes payable
preferred stock, par value .001; 100,000 authorized, 0 outstanding
subscriptions receivable
deficit accumulated during exploration stage																																																																															-4,381,400

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-11-08	2010-06-30	2010-05-06	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31

cash flows from operating activities
net income	-522,847,000	-70,732,000	-129,074,000	99,585,000	138,982,000	71,699,000	298,446,000	138,557,000	11,606,000	388,853,000	26,110,000	167,815,000	340,191,000	145,068,000	583,465,000	251,264,000	-206,560,000				-90,357,000	-142,123,000	-233,004,000	-899,200,000	368,286,000	-107,937,000			-107,162,000	218,292,263	18,978,573	-96,546,698	2,965,097	-23,848,689	-16,087,465	13,801,859	16,940,523					-172,313,323	-323,242,031	-250,060,615	-229,738,572	103,583,321	57,985,310	-4,412,449	6,589,763	17,400,938	1,702,906	25,011,673	8,951,519	19,552,156	300,161	43,626,396	8,805,911	-1,380,788	28,617,222	20,432,900	-7,057,842	-1,750,422	987,226	6,120,866	1,559,630	1,559,630	1,051,183	1,739,170			1,391,744	871,819
adjustments to reconcile net income to net cash from operating activities:
depletion, depreciation, amortization, and accretion	197,098,000		199,351,000	205,742,000	205,690,000		185,657,000	176,612,000	173,958,000		133,791,000	106,427,000	94,618,000
amortization of debt issuance costs	2,515,000	2,616,000	3,005,000	2,584,000	2,390,000	2,420,000	2,405,000	2,383,000	2,203,000	2,272,000	2,174,000	1,899,000	1,751,000	1,659,000	1,147,000	1,091,000	1,078,000	1,014,000	877,000	859,000	1,014,000	1,173,000	1,223,000	1,315,000	1,461,000	1,359,000	1,332,000	1,315,000	1,301,000	1,375,115	1,137,297	1,271,921	1,362,768	1,232,810	979,173	966,836	943,407	943,803	943,110	928,071	1,007,983	1,021,605	1,020,504	932,279	722,144	722,145	709,644	709,643	634,592	757,758	706,602	654,693	506,187	502,185	492,745	383,577	148,687	143,791	106,628	90,949	89,392	88,573	85,961
loss on extinguishment of debt	14,000												-659,000	-236,000	-338,000			0	0	493,000	12,594,000	0	-1,592,000	-217,000	5,527,000	22,762,000	0			73,054,861	9,542,206
amortization of bond premium/discount on long-term debt	-520,000		-1,017,000	-395,000	-281,000		-287,000	-284,000	-284,000		-287,000
deferred income taxes	-171,221,000	-15,601,000	-35,502,000	28,027,000	46,646,000	17,300,000	97,868,000	41,622,000	2,760,000	58,737,000	-20,692,000	38,121,000	692,000	-1,376,000	662,000	-646,000	789,000					0	0	0	210,000																	0	0	-66,870,555	-135,480,000	59,707,555	35,050,000	-2,750,000	4,100,000	10,505,000	1,028,000	14,630,000	5,600,000	8,114,000	210,000	28,840,000	5,820,000	1,110,000	17,173,000
unrealized loss on derivative instruments	519,857,000			-67,890,000	-9,555,000																																																14,910,655			-49,799,311	9,364,913	23,602,774	-27,105,400
stock-based compensation expense	3,710,000		4,095,000	3,777,000	3,576,000		3,101,000	3,027,000	2,274,000		1,289,000	1,039,000	2,151,000		1,342,000	1,420,000	1,447,000		698,000	780,000	769,000		889,000	1,214,000	1,079,000		-114,000	1,643,000	2,751,000
impairment of oil and gas assets	268,276,000	268,497,000	318,674,000
other	291,000	-436,000	-24,000	-28,000	-20,000	41,000	-1,712,000	-87,000	2,316,000	-478,000	-101,000	-101,000	3,084,000	-127,000	0	-510,000	2,675,000	-131,000	618,000	2,736,000	-61,000	-62,000	-56,000	-59,000	-57,000	0	-10,000	-10,000	-21,000	-8,253	-7,463	-64,273	-39,976	-16,203	21,970	-98,280	124,136	-150,095	103,027	57,400	282,421	729,106	174,000
changes in working capital and other items:
accounts receivable	-45,364,000	-15,970,000	76,288,000	-621,000	-19,951,000	-70,965,000	41,408,000	-27,529,000	39,719,000	-9,729,000	-98,276,000	9,554,000	-2,866,000	47,000,000	42,918,000	-62,789,000	-102,033,000	-35,413,000	-26,787,000	-36,266,000	-23,694,000	-10,854,000	-16,564,000	54,266,000	10,789,000	-4,953,000	-15,434,000	2,906,000	5,939,000	-5,781,853	-22,108,285	-16,894,465	-4,337,895	-7,577,792	-1,995,218	-2,039,452	1,894,975
prepaid and other expenses	-1,323,000	-249,000	-299,000	-1,858,000	835,000	-372,000	-962,000	-86,000	-78,000	79,000	-80,000	-159,000	-314,000	280,000	692,000	-994,000	-698,000	-1,024,000	311,000	-249,000	-1,037,000			13,000	-251,000	2,323,000	234,000	1,262,000	178,000	22,613,297	35,714	-2,528,202	-723,297		627,301	-433,658	-888,188
income tax receivable	4,185,000	-1,424,000	-4,825,000	-1,971,000	28,204,000	-1,477,000
accounts payable, accrued liabilities, and other	68,944,000
net cash from operating activities	323,615,000	312,630,000	423,120,000	362,112,000	407,426,000	290,278,000	385,761,000	340,477,000	392,147,000	342,362,000	263,865,000	307,786,000	269,308,000	287,379,000	276,766,000	210,239,000	154,034,000	133,102,000	94,413,000	106,186,000	62,766,000	73,033,000	56,413,000	101,585,000	100,654,000	70,427,000	71,023,000	99,392,000	98,908,000	117,846,013	62,799,300	18,096,209	45,520,677	7,386,043	35,837,184	27,453	29,716,382	4,172,867	39,195,766	3,308,788	55,214,150	72,194,708	63,122,045	44,822,513	66,876,452	64,886,832	80,480,210	56,142,879	72,747,620	53,855,194	58,482,780	54,079,500	56,356,933	61,829,682	51,135,483	46,948,017	38,613,432	35,763,660	13,891,178	42,655,509	-7,160,821	46,994,606	11,324,907							1,370,385	2,229,320	729,838	-327,120	-125,546
cash flows from investing activities
acquisitions of and capital expenditures on oil and natural gas properties	-634,623,000
purchases of other property and equipment	-55,000	-40,000	-238,000	106,000	-587,000	-15,000	-37,000	-26,000	-50,000	-648,000	-61,000	-265,000	-238,000	1,000	-26,000	-4,437,000	-117,000	-217,000	-288,000	0	-51,000	-236,000	-52,000			-157,000	-390,000	-606,000	-5,000	0	-34,829	-29,869	-22,085	0				-156,205				-69,892	-5,297	-6,003	-9,559	-88,724	-14,648	-51,579	-14,052	-133,714			-74,100
net cash from investing activities	-634,678,000	-308,072,000	-352,577,000	-327,255,000	-264,558,000	-662,638,000	-381,861,000	-223,199,000	-407,056,000	-378,143,000	-612,823,000	-410,160,000	-461,220,000	-544,235,000	-312,765,000	-128,178,000	-417,599,000	-269,617,000	-151,276,000	-160,869,000	-52,672,000	-34,374,000	-59,038,000	-86,014,000	-104,500,000	-151,180,000	-226,807,000	-113,228,000	-77,913,000	-164,428,316	-150,410,797	-101,657,963	-58,021,512	-43,793,678	-32,869,346	-22,305,259	-20,271,464	-24,929,861	-27,602,416	-18,373,990	-20,057,820	-55,711,124	-45,058,178	-77,769,846	-110,396,519	-131,690,333	-116,433,464	-109,715,594	-119,200,454	-89,798,497	-82,314,928	-110,372,180	-76,050,814	-112,300,008	-135,830,994	-138,934,530	-145,106,890	-91,386,030	-97,755,758	-64,981,293	-46,744,720	-133,655,084	-41,999,090							-7,028,688	-8,883,052	-16,551,230	-5,167,078	-9,756,602
cash flows from financing activities
advances on revolving credit facility	480,000,000	100,000,000	115,000,000	118,000,000	55,000,000	556,000,000	182,000,000	66,000,000	180,000,000	95,224,000	523,000,000	43,000,000	337,000,000	430,000,000	269,000,000	127,000,000	434,000,000	126,000,000	129,000,000	190,000,000	109,000,000	22,000,000	31,000,000	0	25,000,000	640,000,000	190,000,000	70,000,000	53,000,000					6,000,000	6,000,000			34,000,000	3,000,000			10,000,000	30,000,000	60,000,000	50,000,000	90,000,000	40,000,000	60,000,000	63,000,000	30,000,000	45,000,000	36,000,000	22,000,000	66,000,000	87,000,000	60,000,000	262,600,000	58,900,000				0	0	3,000,000	2,300,000	2,300,000	3,750,000	10,000,000	10,000,000	6,000,000
repayments on revolving credit facility	-305,000,000	-81,000,000	-136,000,000	-268,000,000	-115,000,000	-141,000,000	-105,000,000	-131,000,000	-78,000,000	-318,224,000	-139,000,000	-612,000,000	-87,000,000	-552,000,000	-195,000,000	-131,000,000	-118,000,000	-390,000,000	-73,000,000	-190,000,000	-378,000,000	-61,000,000	-28,000,000	-22,000,000	-15,000,000	-387,000,000	-36,000,000	-44,000,000	-46,000,000					-161,000,000	-6,000,000	-3,000,000	-10,000,000	-10,000,000	-15,000,000	-11,000,000	-33,000,000	-30,000,000	-48,000,000	-210,000,000	-10,000,000	-20,000,000				0	0	-175,000,000	-7,000,000	-10,000,000	-19,000,000	-237,500,000	-155,000,000										-12,750,000
repurchase of senior notes due 2028	-20,165,000										0
debt issuance costs paid	-1,627,000	-18,538,000	-54,000			-39,000	-3,000			-793,000	-2,579,000	-8,492,000	-32,000	-1,150,000	-187,000	-6,038,000	-13,000	-5,175,000	0	-829,000	-11,607,000	1,000	-410,000	0	-37,000	-11,891,000	-208,000	-50,000	-70,000	-19,810,689	-280,731	-6,535,732	-21,459	-13,064,441	0			0	0			-488	-120,977			0	-200,000	-9,936	-225,000	-49,239	-1,265,379	-5,573,791	-184,084	-3,409	-259,728	-9,194,830	-2,396,056	-200,690				-9,176	-6,779				0	0	-216,415	-973,646
issuance of common stock	227,928,000									290,067,000	0							209,878,000	0	95,299,000	132,900,000									-35,820	0
repurchases of common stock		-7,007,000	0	-35,000,000	-15,005,000	-25,169,000	-14,451,000	-34,870,000	-20,007,000	0	0	0	-8,004,000	-33,002,000	-8,691,000											0	0	0	-15,108,000																				-13,900,382	-188,890
common stock issuance costs paid	-31,000
restricted stock surrenders - tax obligations	-2,822,000	-654,000	0	0	-1,486,000	-1,076,000	0	0	-2,712,000	0	0	0	-2,616,000	0	0	0	-2,206,000	0	0	-2,000	-837,000	-35,000	0	-8,000	-396,000	-76,000	0	-26,000	-558,000
common dividends paid	-44,478,000		-43,697,000	-44,270,000	-41,734,000		-39,868,000	-40,223,000	-40,099,000		-34,318,000	-28,923,000	-25,454,000		-15,010,000	-10,780,000	-6,176,000
net cash from financing activities	333,805,000	-21,907,000	-64,751,000	-42,577,000	-118,225,000	346,937,000	22,678,000	-141,969,000	39,183,000	31,024,000	347,104,000	111,106,000	195,458,000		43,656,000						-8,793,000		2,590,000	-22,245,000	-3,710,000	94,919,000	154,892,000			-64,025,746	-346,739	195,013,152	-209,611	131,814,159	0	20,567,836	-10,412,217	23,924,071	-11,941,443	14,344,174	-34,158,577	-20,135,453	-18,133,663	34,318,304	39,923,638	68,091,846	29,750,237	59,715,949	48,874,618	29,761,871	17,605,309	65,905,951	14,788,049	55,623,758	67,758,402	113,323,300	104,048,759	53,636,308	14,750,853	0	1,500,000	199,284,230	-6,779							5,517,691	662,281	10,226,386	15,893,631	1,737,228
net increase in cash and cash equivalents	22,742,000	-17,349,000	5,792,000	-7,720,000	24,643,000	-25,423,000	26,578,000	-24,690,000	24,273,000	-4,757,000	-1,854,000	8,733,000	3,545,000	-6,602,000	7,658,000	-1,863,000	-6,185,000	7,514,000	-2,837,000	2,114,000	1,301,000			-6,674,000	-7,555,000	14,166,000	-892,000	-1,150,000	1,586,000	-110,608,049	-87,958,236			95,406,524	2,967,838	-1,709,970	-967,299			-721,028	997,753	-3,651,869	-69,796	1,370,971	-3,596,429	1,288,345	-6,203,017	6,143,234	2,421,784	-6,181,432	-6,226,839			5,153,432	-16,937,109			-1,986,062	-69,113,727			112,623,752	-30,680,962								-5,991,451	-5,595,006	10,399,433	-8,144,920
cash and cash equivalents - beginning of period	14,299,000		0	0	8,933,000		0	0	8,195,000		0	0	2,528,000		0	0	9,519,000		0	0	1,428,000
cash and cash equivalents - end of period	37,041,000		5,792,000	-7,720,000	33,576,000		26,578,000	-24,690,000	32,468,000		-1,853,000	8,732,000	6,073,000		7,658,000	-1,864,000	3,335,000		-2,837,000	2,114,000	2,729,000
depletion, depreciation, amortization and accretion														77,316,000	65,976,000	54,795,000	53,185,000	42,815,000	35,885,000	30,907,000	31,221,000	32,770,000	30,785,000	36,756,000	61,809,000	63,410,000	55,566,000	46,091,000	45,134,000	48,294,929	30,258,089	22,596,028	18,630,629	17,631,875	15,357,685	13,682,452	12,828,143	13,523,186	13,698,020	16,176,863	17,846,089	24,140,489	31,670,479	36,745,805	45,213,039	48,924,152	45,646,231	42,212,250	36,100,921	38,927,949
amortization of bond premium on long-term debt													-510,000		-533,000	-535,000	-531,000		0	-8,000	-122,000		-232,000	-249,000	-321,000
gain on contingent consideration											0																		-1,392,000
share-based compensation expense																														1,903,055	1,512,792	1,399,224	-819,595	-1,979,302	3,768,685	883,605	613,578	956,037	-792,310	1,558,879	1,741,434	2,322,400	967,241	248,601	1,695,873	736,890	889,527
accounts payable and accrued liabilities
accrued interest		-5,729,000	2,683,000	-573,000	645,000	-2,042,000	1,240,000	-1,218,000	1,793,000	-5,746,000	3,083,000	13,316,000	-8,915,000	17,761,000	-14,656,000	14,990,000	-14,488,000	15,902,000	-12,303,000	10,926,000	-2,588,000	-101,000	534,000	-1,443,000	-2,290,000	-5,897,000	2,495,000	-108,000	426,000	4,084,260	6,101,456	-13,954,708	13,981,122	-13,829,461	13,993,431	-13,969,909	13,948,257	-13,926,347	13,928,799	-13,933,040	13,839,995	-14,417,231	13,720,209	-8,129,931	9,417,583	-9,123,370	9,018,408	-8,985,978	8,984,260	-9,519,923
settlement difference for asset retirement obligations
purchase of capped call
premium received on convertible notes
issuance of convertible notes
issuance of senior notes due 2033
tender premium paid on repurchase of senior notes due 2028
common stock dividends paid
excise tax on repurchases of common stock
cash and cash equivalents – beginning of period																									16,068,000	0	0	0	2,358,000	0	0	0	102,183,191	0	0	0	6,486,098	0	0	0	3,390,389	0	0	0	9,337,512	0	0	0	5,687,166	0	0	0	13,387,998	0	0	0	6,279,587	0	0	0	152,110,701	0	0	0	6,233,372	6,233,372	0	0	0	780,716	0	0	0	10,112,660
cash and cash equivalents – end of period																									8,512,000	14,167,000	-893,000	-1,150,000	3,944,000	-110,608,049	-87,958,236	111,451,398	89,472,745	95,406,524	2,967,838	-1,709,970	5,518,799	3,167,077	-348,093	-721,028	4,388,142	-3,651,869	-69,796	1,370,971	5,741,083	1,288,345	-6,203,017	6,143,234	8,108,950	-6,181,432	-6,226,839	9,613,271	8,482,166	5,153,432	-16,937,109	21,336,787	3,834,888	-1,986,062	-69,113,727	-22,325,784	99,705,160	112,623,752	-30,680,962	69,014,328	1,153,583	1,153,583	5,945,330	-13,346,476	12,994,414	640,104	-5,991,451	-5,595,006	10,399,433	1,967,740
unrealized gain on derivative instruments
accounts payable			-2,880,000	-18,876,000	15,818,000	-2,753,000	-1,258,000	-3,039,000	2,641,000	-15,767,000	16,045,000	-3,611,000	-11,903,000	-16,335,000	-25,297,000	8,051,000	33,243,000	-7,592,000	8,146,000	8,480,000	5,057,000	38,000	419,000	-32,000	-1,514,000	-17,986,000	-4,882,000	157,000	5,783,000	-6,633,156	-256,525	2,716,110	1,889,569	-752,871	1,569,652	131,941	1,662,770	508,544	-779,734	-324,355	230,442	-94,865	53,643	-201,458	-4,302,624	1,288,993	-4,054,353	2,720,202	4,139,303	-4,019,848
accrued liabilities and expenses			7,893,000	-967,000	-5,553,000		1,601,000	-1,805,000	-4,409,000		-3,903,000	8,311,000	-2,866,000		3,847,000	-1,207,000	2,991,000		2,745,000	4,906,000	1,447,000
capital expenditures on oil and natural gas properties			-352,339,000	-331,361,000	-259,971,000		-381,824,000	-197,673,000	-407,006,000		-650,262,000	-372,395,000	-460,982,000		-301,239,000
entry into additional capped call transactions			0
issuance of additional convertible notes			0
premium received on additional convertible notes			0
acquisition deposit					-4,000,000	42,594,000	0							-14,500,000	-11,500,000					8,100,000	-17,500,000		549,000
gain on extinguishment of debt											0
loss on the sale of other property & equipment
accrued liabilities																						1,843,000	2,498,000	-4,326,000	327,000	20,250,000	6,234,000
issuance of senior notes
repurchase of senior notes													-18,436,000
repurchase of preferred stock
preferred stock dividends paid
unrealized loss of derivative instruments							-208,422,000	12,324,000	157,648,000		204,712,000	-30,503,000	-138,970,000		-382,459,000	-54,641,000	382,937,000		71,753,000	172,935,000	128,398,000
issuance of senior notes due 2031											0
loss on contingent consideration													-6,176,000					0	-83,000	250,000	125,000					879,000	5,262,000
repayments of second lien notes
repayments of senior unsecured promissory note
loss on disposal of fixed assets															0
repurchases of preferred stock															0	-31,011,000	-50,225,000
preferred dividends paid															0				0
write-off of debt issuance costs																						0												0	0			0	0	0	1,089,507
amortization of bond (premium) discount on long-term debt																										-540,000	-667,000	-752,000	-746,000
impairment expense																						104,463,000	199,489,000
net cash provided (used) by financing activities
repurchase of unsecured notes due 2028
repurchases of second lien notes due 2023																			0	-15,669,000	-280,249,000
repayment of unsecured ven bakken note due 2022																			0	0	-130,000,000
issuance of unsecured notes due 2028																		213,500,000	0	0	550,000,000
repurchase of unsecured notes
drilling and development capital expenditures																	-55,941,000	-64,602,000	-44,900,000	-39,965,000	-33,331,000	-18,498,000	-53,951,000	-85,280,000	-78,962,000	-132,482,000	-66,214,000	-70,306,000	-69,786,000	-52,108,040	-53,863,711
acquisition of oil and natural gas properties																	-361,541,000	-164,148,000	-115,488,000	-129,004,000	-1,790,000	-15,865,000	-5,584,000	46,000	-25,537,000	-18,540,000	-191,204,000	-11,316,000	-8,122,000	-132,320,276	-76,512,257
net cash provided (used) for financing activities																	257,380,000		54,025,000
gain on debt exchange derivative																											23,000	4,874,000	-6,287,000
pik interest on second lien notes																										0	0	0	1,742,000
impairment of other current assets																										-1,571,000	5,275,000
payment of contingent consideration																										-15,967,000
repayments of senior unsecured notes
debt derivative exchange settlements
contingent consideration settlements																										0	1,250,000	-2,750,000	-9,778,000
issuance of preferred stock
net loss																			12,553,000																				-45,618,895	-108,978,661	-126,565,754																													-307,325				-187,277
loss on debt exchange derivative
proceeds from sale of oil and natural gas properties																																										-22,420								0
proceeds from sale of other property and equipment																														0	0
borrowings on term loan credit agreement
repayments on term loan credit agreement
issuance of second lien notes
(gain) loss of derivative instruments
prepaid and other incomes
repurchases of second lien notes																							0	-237,000	-13,277,000
debt exchange derivative settlements																											-150,000	0	-894,000
net decrease in cash and cash equivalents																																	-12,710,446																				-4,905,832				-2,444,699				-52,405,541				-5,079,789	-5,079,789				-140,612
loss of derivative instruments																								150,828,000	-344,398,000
legal settlement
adjustments to reconcile net loss to net cash from operating activities:
loss on the mark-to-market of derivative instruments																												-31,858,000	152,169,000	-280,194,627	30,225,470	29,935,931	12,141,314	33,613,617	16,058,370	-14,172,002	-17,056,542	18,211,633	5,645,586	30,506,699	21,983,017	29,599,690	-8,408,682	53,193,228	14,331,367	-145,842,035	-68,600,900	35,307,533	7,859,683
repayment of second lien notes
accrued expenses																													-907,000	-3,564,607	417,134	-723,243	353,758	-861,164	1,358,037	1,139,620	-1,382,976	936,907	374,977	-404,866	-2,463,691	898,396	875,985	421,375	-1,985,461	1,723,288	1,919,605	536,936	-165,777	-847,983
net cash from by financing activities																													-19,409,000
impairment of oil and natural gas properties																																						0	43,820,791	88,880,921	104,311,122	167,143,533	354,422,654	281,964,097	360,428,962
income tax payable/
amortization/accretion of 8% senior notes premium/discount																															25,694	55,609	117,183		128,047	122,615	117,183		128,047	122,615	122,615
gain on the debt exchange derivative
contingent consideration
proceeds from sale of oil, natural gas, and other properties																															0				0						10,000
borrowings under term loan credit agreement																															0
repurchase of common stock – tax obligations																															-66,008	-160,797	-188,152		0	-134,772	-412,217		58,557	-227,311	-1,158,577
purchases of oil and natural gas properties and development capital expenditures																																	-57,999,427	-43,793,678	-32,865,392	-22,476,710	-20,271,464	-26,004,711	-28,499,384	-18,363,990	-20,067,820	-55,690,812	-45,052,881	-77,763,843	-110,547,904	-131,601,609	-116,418,816	-109,664,015	-119,186,402	-90,667,808
supplemental disclosure of cash flow information
cash paid during the period for interest																																	7,630,556	33,373,020	1,558,172	29,353,795	1,280,711	29,160,534	1,133,964	29,064,291	1,121,994	29,796,933	1,295,544	22,055,049	2,062,136	21,712,450	1,372,877	21,114,009	714,658	20,564,303	950,342	13,473,816	772,651	13,352,542	304,572	1,171,402	750,624	268,745					44,097	98,620	26,515	26,515	152,601	282,988	175,080	14,048
cash paid during the period for income taxes																																										-45,785	0	3,945	3,300,000					0	0	0	13,614	0	3,422	0	5,350	0			2,300
non-cash financing and investing activities:
oil and natural gas properties included in accounts payable																																	85,068,138	12,649,493	7,185,322	8,059,915	57,107,728	7,878,745	-10,778,955	-3,218,277	56,831,682	-33,441,869	-17,060,676	-45,525,378	155,548,338	10,084,302	6,241,283	46,525,160	158,428,005	26,487,891	32,722,251	-11,129,185	114,803,264
capitalized asset retirement obligations																																	184,305	213,326	111,554	735,474	127,437	1,173,005	39,274	19,088	121,940	56,481	58,527	151,556	154,830	212,496	331,028	316,694	91,869	1,376,031	210,098	104,771	161,680	126,581	110,793	161,416	140,937	141,409	59,836	114,855	85,141		81,207							22,299
non-cash compensation capitalized on oil and gas properties																																	53,686		68,635	68,635	74,395		89,430	354,897	437,907		154,058	177,101	134,039		27,169	341,914	152,557		596,316	616,836	430,531				3,558,994
amortization of 8% senior notes premium/discount
prepaid expenses and other																																						-383,412	50,334	-485,212	127,029	-22,175	629,637	-272,233	-333,009	897,482	-57,191	-671,645	-292,994	-87,653
issuance of senior unsecured notes																																										0	0							0	0
non-cash compensation capitalized in oil and gas properties																																																						544,031	-180,823
asset retirement obligations																																			57,516	-88,469	-23,724		-8,524	57,426	-78,400		2,519	-2,332	-57,532
amortization of deferred rent																																					-5,160					0	-4,884	0	-3,664	-3,666	-3,662	-3,664	-3,664	-3,665	-8,549	-3,664	-3,663	-8,309	-8,306	-8,307	-8,308	-5,864	-4,644	-4,643	-4,644	-4,643	-4,643							-4,643
deferred rent
trade receivables																																							7,702,538	-10,853,952	21,740,341	33,063,478	-8,887,276	-3,814,623	7,340,027	2,643,759	2,349,272	-8,723,118	4,615,349	5,384,032
the accompanying notes are an integral part of these financial statements.
amortization of 8% senior notes premium																																											128,047	-132,681	-371,681	-371,682
proceeds from sale, net of oil and natural gas properties																																												0	160,944
repurchase of common stock																																												-115,565	-76,362		-49,763					-20,258	-27,867	-372,833	0	0	-1,173,315
proceeds from exercise of stock options																																																						0	18,130	18,130	18,130														0	0	828,800	105,000
adjustments to reconcile net income to net cash from
operating activities:
amortization of senior unsecured notes premium																																																-371,682	-371,681	-371,681	-371,682
share - based compensation expense																																																	557,865	1,251,484	1,239,623	1,185,596	1,122,274	1,086,093	6,998,765	2,091,972	2,204,927	612,079	2,188,900	1,505,174	1,858,171	835,354	724,410							49,885
net loss on sale of available for sale securities																																																										0	0	244,906	-459,998
advances to operators
proceeds from sale of available for sale securities																																																										0	0	25,656,515	32,949,813	8,808,750	0	18,251,118	7,639,783	7,639,783
purchase of available for sale securities																																																										0	0	0	-18,381,690										-250,000
proceeds from exercise of warrants																																																										0	0	0	1,500,000
depletion of oil and gas properties																																																				26,435,050	26,668,171	26,645,265	27,952,585	25,519,809	18,309,500	14,852,963	10,749,384	8,349,600	6,863,479	8,632,410	3,767,712							381,654
depreciation and amortization																																																				92,867	94,275	105,662	104,830	102,307	97,089	83,932	75,597	70,295	68,313	65,398	60,300							62,910
accretion of discount on asset retirement obligations																																																				31,209	30,247	25,031	23,709	21,821	15,632	35,750	7,781	7,794	4,730	-9,022	18,025							1,394
decrease in trade receivables
increase in prepaid expenses and other
increase in accounts payable																																																				956,534	-287,231			-3,112,676	3,400,776	3,515,101	-8,944,836	27,885,030	-19,968,628	33,413,906	5,098,811							2,042,335	1,164,039	344,464	-55,389	368,442
increase in accrued interest																																																				-4,865,997	6,018,914	-6,842,251
increase in accrued expenses																																																				1,190,964	-1,391,307	-310,622	-1,975,470	3,711,378	981,930
purchases of oil and gas properties and development capital expenditures																																																						-112,267,720	-135,818,442
proceeds from sale of oil and gas properties																																																				0	908,000					0	0			60,000	0	0	237,877	237,877
purchases of other equipment and furniture																																																							-12,552	-41,634	-130,971		-107,349	-53,192	-20,500	-83,456	-202,296
payment of compensation through issuance of common stock																																																				1,802,432	1,552,805	1,630,124	6,817,942	4,548,043	5,763,921	1,887,048	5,164,353	4,852,400	7,374,660		1,732,412							261,280
increase in trade receivables																																																					-5,670,822	9,105,314	-13,261,461	-4,697,987	-9,946,705	-6,857,363	-8,975,169	-8,558,964	-4,993,687	-4,192,303	-6,529,602								-487,734	-624,437	-696,755	-220,015
increase in prepaid expenses																																																					-190,326	166,475	116,736	119,933	-508,724	-28,929	61,349	-122,367	-50,779	72,218	63,458							-50,719	50,343	5,553	-13,117	-88,653
increase in other current assets																																																					-1,960				-72,196				-277,694	-172,119
purchase of oil and gas properties and development capital expenditures																																																					-76,884,714				-144,975,919		-85,387,732
adjustments to reconcile net income to net cash from operating activities
gain on sale of other property and equipment
decrease in other current assets																																																						72,964	-39,501			-27,154	-79,291
issuances of 8% senior notes due 2020																																																						0
payments on line of credit																																																														0	0	-31,377	-803,115	-803,115	-3,905	-799,985	-3,675	-8,663
decrease in subordinated notes
proceeds from the issuance of common stock - net of issuance costs
purchase of oil and gas properties through issuance of common stock																																																															6,981,085										239,888	1,047,048
net gain on sale of available for sale securities
decrease in accounts payable
purchases of available for sale securities
advances on senior unsecured notes
(used for) operating activities:
decrease in other receivables
purchase of other equipment and furniture
increase in subordinated notes																																																														-400,000	0				0	0	0	500,000
cashless exercise of stock options
fair value of warrants issued for debt issuance costs																																																																						221,153
payment of debt issuance costs through issuance of common stock																																																																						475,200
decrease in accrued expenses																																																											20,657	421	-263		15,128							-942,307		-589	-11,290	-95,818
increase in prepaid drilling costs																																																											-12,260,677	-404,710	-2,125,069				-4,495,200	-4,495,200
payments on revolving credit facility																																																															0
repayment of subordinated notes
proceeds from issuance of common stock - net of issuance costs																																																															0					-14,286
the accompanying notes are an integral part of these condensed financial statements.
income tax provision																																																													-4,510,000	-1,011,000	620,000
net unrealized loss on derivative instruments																																																													21,278,629
increase in other receivables																																																																						-61,431
purchase of oil and gas properties																																																													-59,167,274
adjustments to reconcile net income to net cash
provided by
issuance of stock for consulting fees																																																																							0	0	0	49,875
market value adjustment of derivative instruments																																																														11,356,283	6,449,577								0	-105,200	11,352	-1,300
lease incentives received
decrease in prepaid drilling costs
increase in margin loan																																																																								-11,468	-519,580	1,519,487
cash paid for listing fee																																																																							0	0	0	-65,000
proceeds from derivatives																																																																							0
loss on sale of available for sale securities																																																															0
increase in oil and gas properties																																																															-41,175,425	-29,559,511	-22,077,340	-22,077,340	-21,257,224	-8,480,093	-15,120,380	-2,203,969
the accompanying notes are an integral part of these condensed unaudited financial statements.
* see note 2
adjustments to reconcile net income to net cash provided by
decrease (increase) in other current assets
decrease (increase) in prepaid drilling costs																																																																						-240,734
purchases of office equipment and furniture																																																																	-30,360	-30,360	-16,806	-7,507	-2,416	-4,527	-139,316	-22,081
adjustments to reconcile net income to net cash provided by (used for) operating activities:
repayments of convertible notes payable
proceeds from sale of short-term investment
sale of calls
increase in short-term investment																																																																									250,000	-3,800,524
income tax benefit																																																																						-205,000
issuance of stock for compensation																																																																						127,090
decrease (increase) in trade receivables																																																																						276,542
decrease on accrued drilling costs																																																																						-4,579,458
increase in checks issued, not cashed																																																																										177,741
payment of consulting fees through issuance of common stock																																																																									0	49,875
(used for) operating activities
share – based compensation expense																																																																							35,125	35,125
increase in accrued drilling costs																																																																							5,804,874	1,566,397
deposits
increase in line of credit
proceeds from
proceeds from investor subscriptions - net of issuance costs
proceeds from the issuance of common stock – net of issuance costs																																																																							0	10,237,854
depletion and depreciation																																																																								203,103	119,489	49,200
prepaid drilling costs																																																																										364,290
prepaid lease payments
oil and gas properties																																																																								-18,875,513	-5,661,193	-6,118,134
deferred offering costs
capital expenditures	-55,000	-40,000	-238,000	106,000	-587,000	-15,000	-37,000	-26,000	-50,000	-648,000	-61,000	-265,000	-238,000	1,000	-26,000	-4,437,000	-117,000	-217,000	-288,000	0	-51,000	-236,000	-52,000	0		-157,000	-390,000	-606,000	-5,000	0	-34,829	-29,869	-22,085	0	0	0	0	-156,205	0	0		-69,892	-5,297	-6,003	-9,559	-88,724	-14,648	-51,579	-14,052	-133,714	0	0	-74,100	0	0	0	0	0	0	0	0	0	0							0	0	0	0	-202,234
free cash flows	323,560,000	312,590,000	422,882,000	362,218,000	406,839,000	290,263,000	385,724,000	340,451,000	392,097,000	341,714,000	263,804,000	307,521,000	269,070,000	287,380,000	276,740,000	205,802,000	153,917,000	132,885,000	94,125,000	106,186,000	62,715,000	72,797,000	56,361,000	101,585,000		70,270,000	70,633,000	98,786,000	98,903,000	117,846,013	62,764,471	18,066,340	45,498,592	7,386,043	35,837,184	27,453	29,716,382	4,016,662	39,195,766	3,308,788		72,124,816	63,116,748	44,816,510	66,866,893	64,798,108	80,465,562	56,091,300	72,733,568	53,721,480	58,482,780	54,079,500	56,282,833	61,829,682	51,135,483	46,948,017	38,613,432	35,763,660	13,891,178	42,655,509	-7,160,821	46,994,606	11,324,907							1,370,385	2,229,320	729,838	-327,120	-327,780
depreciation

Northern Oil and Gas, Inc(NYSE:NOG)

Northern Oil and Gas, Inc
(NYSE:NOG)