Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (UNAUDITED)

v2.4.1.9
BALANCE SHEETS (UNAUDITED) (USD $)
Mar. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and Cash Equivalents $ 5,741,083us-gaap_CashAndCashEquivalentsAtCarryingValue $ 9,337,512us-gaap_CashAndCashEquivalentsAtCarryingValue
Trade Receivables 78,591,692us-gaap_AccountsReceivableNetCurrent 85,931,719us-gaap_AccountsReceivableNetCurrent
Advances to Operators 1,875,149nog_AdvancesToOperators 930,034nog_AdvancesToOperators
Prepaid and Other Expenses 1,268,652us-gaap_PrepaidExpenseAndOtherAssets 895,088us-gaap_PrepaidExpenseAndOtherAssets
Derivative Instruments 124,698,923us-gaap_DerivativeAssetsCurrent 128,893,220us-gaap_DerivativeAssetsCurrent
Total Current Assets 212,175,499us-gaap_AssetsCurrent 225,987,573us-gaap_AssetsCurrent
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 2,235,833,943us-gaap_CapitalizedCostsProvedProperties 2,167,452,297us-gaap_CapitalizedCostsProvedProperties
Unproved 26,854,820us-gaap_CapitalizedCostsUnprovedProperties 50,642,433us-gaap_CapitalizedCostsUnprovedProperties
Other Property and Equipment 1,879,928us-gaap_PropertyPlantAndEquipmentOther 1,870,369us-gaap_PropertyPlantAndEquipmentOther
Total Property and Equipment 2,264,568,691us-gaap_PropertyPlantAndEquipmentGross 2,219,965,099us-gaap_PropertyPlantAndEquipmentGross
Less - Accumulated Depreciation, Depletion and Impairment (863,573,953)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (458,038,546)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Total Property and Equipment, Net 1,400,994,738us-gaap_PropertyPlantAndEquipmentNet 1,761,926,553us-gaap_PropertyPlantAndEquipmentNet
DERIVATIVE INSTRUMENTS 14,397,517us-gaap_DerivativeAssetsNoncurrent 25,013,011us-gaap_DerivativeAssetsNoncurrent
DEBT ISSUANCE COSTS 13,097,051us-gaap_DeferredFinanceCostsNoncurrentNet 13,819,195us-gaap_DeferredFinanceCostsNoncurrentNet
TOTAL ASSETS 1,640,664,805us-gaap_Assets 2,026,746,332us-gaap_Assets
CURRENT LIABILITIES    
Accounts Payable 161,546,866us-gaap_AccountsPayableCurrent 231,557,547us-gaap_AccountsPayableCurrent
Accrued Expenses 4,663,999us-gaap_AccruedLiabilitiesCurrent 6,653,124us-gaap_AccruedLiabilitiesCurrent
Accrued Interest 13,615,052us-gaap_InterestPayableCurrent 3,585,536us-gaap_InterestPayableCurrent
Derivative Instruments 100,646us-gaap_DerivativeLiabilitiesCurrent 0us-gaap_DerivativeLiabilitiesCurrent
Deferred Tax Liability 41,679,000us-gaap_DeferredTaxLiabilitiesCurrent 43,938,000us-gaap_DeferredTaxLiabilitiesCurrent
Asset Retirement Obligations 212,771us-gaap_AssetRetirementObligationCurrent 0us-gaap_AssetRetirementObligationCurrent
Total Current Liabilities 221,818,334us-gaap_LiabilitiesCurrent 285,734,207us-gaap_LiabilitiesCurrent
LONG-TERM LIABILITIES    
Revolving Credit Facility 338,000,000us-gaap_LongTermLineOfCredit 298,000,000us-gaap_LongTermLineOfCredit
8% Senior Notes 507,681,416us-gaap_UnsecuredLongTermDebt 508,053,097us-gaap_UnsecuredLongTermDebt
Derivative Instruments 0us-gaap_DerivativeLiabilitiesNoncurrent 579,070us-gaap_DerivativeLiabilitiesNoncurrent
Asset Retirement Obligations 5,096,882us-gaap_AssetRetirementObligationsNoncurrent 5,105,762us-gaap_AssetRetirementObligationsNoncurrent
Deferred Tax Liability 25,191,555us-gaap_DeferredTaxLiabilitiesNoncurrent 158,412,555us-gaap_DeferredTaxLiabilitiesNoncurrent
Total Long-Term Liabilities 875,969,853us-gaap_LiabilitiesNoncurrent 970,150,484us-gaap_LiabilitiesNoncurrent
TOTAL LIABILITIES 1,097,788,187us-gaap_Liabilities 1,255,884,691us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (NOTE 8)     
STOCKHOLDERS' EQUITY    
Preferred Stock, Par Value $.001; 5,000,000 Authorized, No Shares Outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common Stock Par Value $.001 95,000,000 Authorized (3/31/2015 - 61,553,309 Shares Outstanding and 12/31/2014 - 61,066,712 Shares Outstanding) 61,553us-gaap_CommonStockValue 61,067us-gaap_CommonStockValue
Additional Paid-In Capital 435,085,349us-gaap_AdditionalPaidInCapitalCommonStock 433,332,285us-gaap_AdditionalPaidInCapitalCommonStock
Retained Earnings 107,729,716us-gaap_RetainedEarningsAccumulatedDeficit 337,468,289us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity 542,876,618us-gaap_StockholdersEquity 770,861,641us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,640,664,805us-gaap_LiabilitiesAndStockholdersEquity $ 2,026,746,332us-gaap_LiabilitiesAndStockholdersEquity