NOG Investor Presentation September 2023

NOG presents its investment highlights and recent financial results as a non-operated franchise offering scale and diversification across three core U.S. basins. The company highlights over $3.2B in completed accretive investments since 2018, strong free cash flow acceleration anticipated into 2024, and a disciplined capital allocation strategy. NOG maintains a dominant data and technical advantage with a strong balance sheet targeting less than 1.0x Net Debt to Adjusted EBITDA.