Sees Q4 CapEx $231M-$232M. “Our platform delivered over 25% production growth in 2024 despite an unusual confluence of events that dampened production in the fourth quarter and heading into 2025. Despite these events, we are optimistic about our positioning for the future,” commented Nick O’Grady, NOG‘s Chief Executive Officer. “Our 2025 capital budget is strategically designed to build momentum throughout the year and accelerate development into 2026. This positions us for standout growth on a multi-year basis. At NOG, we maintain a long-term focus, planning for multiple years of sustainable growth. We believe this disciplined approach will enhance our capacity for increased shareholder returns and drive superior total returns over time.” “In the fourth quarter, NOG took advantage of the seasonal weakness in the A&D market. We signed our joint development agreement in Appalachia, had our busiest quarter of the year with our Ground Game, and in February signed another Midland Basin joint venture. We continue to see a multitude of opportunities across our respective basins as we head into 2025 and are encouraged with the prospects ahead of us,” added Adam Dirlam, NOG’s President.
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