Northern Oil and Gas, Inc. engages in the exploration and production of oil and gas properties in Montana and North Dakota. It owns various oil leases comprising 21,354 net acres in Sheridan County, Montana. The company also holds an 80% interest in leases covering 3,016 net acres, as well as has the right to own 5,000 acres in Mountrail County, North Dakota. In addition, Northern Oil and Gas has an option to acquire 10,000 net mineral acres in the Appalachia Basin located in the Finger Lakes region in Yates County, New York. The company is based in Wayzata, Minnesota.