NOG Releases Earnings

Press release link. 

Let me know if anyone else found it difficult to find earnings/share in the press release. Net income of 65 cents/share in 2011 vs 14 cents in 2010.

Proved reserves, which is most important single data point, all things being equal: increased 200% (some numbers rounded) to almost 50 million bbls of crude oil equivalent

• More than doubled (120%) production 2011 over 2010; 20% increase qoq in 4Q11

• Average sales price of crude oil in 2011: $86 (realized price: $76)
• Average sales price of crude oil in 2010: $68 (realized price: $66)

This was most notable, similar to what other Bakken companies are experiencing, increased expenses:

• Production expenses per boe, 2011: $6.77
• Production expenses per boe, 2010: $3.70