Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (UNAUDITED)

v2.4.1.9
STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (Loss) Income $ (229,738,572)us-gaap_NetIncomeLoss $ 6,589,763us-gaap_NetIncomeLoss
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 45,213,039nog_DepletionDepreciationAmortizationAndAccretion 36,100,921nog_DepletionDepreciationAmortizationAndAccretion
Amortization of Debt Issuance Costs 722,144us-gaap_AmortizationOfFinancingCosts 634,592us-gaap_AmortizationOfFinancingCosts
Amortization of 8% Senior Notes Premium (371,681)us-gaap_AmortizationOfDebtDiscountPremium (371,681)us-gaap_AmortizationOfDebtDiscountPremium
Deferred Income Taxes (135,480,000)us-gaap_DeferredIncomeTaxExpenseBenefit 4,100,000us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on the Mark-to-Market of Derivative Instruments 14,331,367us-gaap_UnrealizedGainLossOnDerivatives 7,859,683us-gaap_UnrealizedGainLossOnDerivatives
Amortization of Deferred Rent (3,664)us-gaap_OtherAmortizationOfDeferredCharges (3,664)us-gaap_OtherAmortizationOfDeferredCharges
Share - Based Compensation Expense 1,695,873us-gaap_ShareBasedCompensation 557,865us-gaap_ShareBasedCompensation
Impairment of Oil and Natural Gas Properties 360,428,962us-gaap_ImpairmentOfOilAndGasProperties 0us-gaap_ImpairmentOfOilAndGasProperties
Changes in Working Capital and Other Items:    
Trade Receivables 7,340,027us-gaap_IncreaseDecreaseInAccountsReceivable 4,615,349us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid Expenses and Other (333,009)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (292,994)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts Payable (4,302,624)us-gaap_IncreaseDecreaseInAccountsPayable 4,139,303us-gaap_IncreaseDecreaseInAccountsPayable
Accrued Interest 9,417,583us-gaap_IncreaseDecreaseInInterestPayableNet 8,984,260us-gaap_IncreaseDecreaseInInterestPayableNet
Accrued Expenses (1,985,461)us-gaap_IncreaseDecreaseInAccruedLiabilities (165,777)us-gaap_IncreaseDecreaseInAccruedLiabilities
Asset Retirement Obligations (57,532)us-gaap_IncreaseDecreaseInAssetRetirementObligations 0us-gaap_IncreaseDecreaseInAssetRetirementObligations
Net Cash Provided By Operating Activities 66,876,452us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 72,747,620us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of Oil and Gas Properties and Development Capital Expenditures (110,547,904)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment (119,186,402)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment
Proceeds from Sale, Net of Oil and Natural Gas Properties 160,944us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment 0us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment
Purchases of Other Property and Equipment (9,559)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (14,052)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net Cash Used For Investing Activities (110,396,519)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (119,200,454)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on Revolving Credit Facility 50,000,000nog_AdvancesOnRevolvingCreditFacility 63,000,000nog_AdvancesOnRevolvingCreditFacility
Repayments on Revolving Credit Facility (10,000,000)us-gaap_RepaymentsOfLinesOfCredit 0us-gaap_RepaymentsOfLinesOfCredit
Debt Issuance Costs Paid 0us-gaap_PaymentsOfDebtIssuanceCosts (225,000)us-gaap_PaymentsOfDebtIssuanceCosts
Repurchase of Common Stock (76,362)us-gaap_PaymentsForRepurchaseOfCommonStock (13,900,382)us-gaap_PaymentsForRepurchaseOfCommonStock
Net Cash Provided by Financing Activities 39,923,638us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 48,874,618us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (3,596,429)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,421,784us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 9,337,512us-gaap_CashAndCashEquivalentsAtCarryingValue 5,687,166us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS - END OF PERIOD 5,741,083us-gaap_CashAndCashEquivalentsAtCarryingValue 8,108,950us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Cash Flow Information    
Cash Paid During the Period for Interest 2,062,136us-gaap_InterestPaid 714,658us-gaap_InterestPaid
Cash Paid During the Period for Income Taxes 3,300,000us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
Non-Cash Financing and Investing Activities:    
Oil and Natural Gas Properties Included in Accounts Payable 155,548,338nog_OilAndNaturalGasPropertiesIncludedInAccountsPayable 158,428,005nog_OilAndNaturalGasPropertiesIncludedInAccountsPayable
Capitalized Asset Retirement Obligations 154,830nog_CapitalizedAssetRetirementObligations 91,869nog_CapitalizedAssetRetirementObligations
Non-Cash Compensation Capitalized on Oil and Gas Properties $ 134,039us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount $ 152,557us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount