Northern Oil and Gas (NOG) provided preliminary production and capital expenditure guidance for 2024, forecasting full-year production between 115,000 – 120,000 boe per day, with oil production estimated at 70,000 – 73,000 bbl per day. The company plans to budget approximately $825 – $900 million in total capital expenditures, focusing on drilling, completion, acquisitions, and workover expenses. The budget allocation includes 50% for the Permian Basin, 35% for the Williston Basin, and 1% for the Appalachian Basin. NOG expects a slight decline in quarterly production in Q1 2024, with modest increases thereafter. The company also anticipates steady activity in the Williston and other assets, with reduced Appalachian natural gas activity due to lower prices.