Northern Oil and Gas is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Williston Basin, the Appalachian Basin and the Permian Basin. Co. primarily engage in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include Co.'s acreage. In addition, Co. acquires wellbore-only working interests in wells in which Co. does not hold the leasehold interests from third parties unable or unwilling to participate in particular well proposals.