MINNEAPOLIS–(BUSINESS WIRE)–Northern Oil and Gas, Inc. (NYSE American: NOG) today announced it is realigning executive job responsibilities in an effort to optimize the daily management of the company and better position the company to capitalize on growth opportunities. Mike Reger, Northern’s founder and current CEO, will assume the title of President, effective July 5, 2018, and will focus his extensive knowledge of the Williston Basin solely on acquisition opportunities. Brandon Elliott, current President, will assume the title of CEO, effective July 5, 2018, and will be responsible for the day-to-day operations of the company and investor relations with Northern’s CFO, Nick O’Grady.
“Since returning to Northern, Brandon and I have continued our longstanding conversation about how to best position the company for success,” commented Mike Reger. “As a significant shareholder, I want my focus to be where I can add the most value to Northern and its shareholders, which is to allocate 100% of my time to growing acreage and production through accretive acquisitions. Brandon will focus on day-to-day operations and investor relations – two areas in which he excels. The Board and I have agreed to this re-alignment of responsibilities and title swap, and we are unanimous in our belief that it will further drive our growth strategy and enhance shareholder value.”
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.