Northern Oil and Gas Inc

Common Name
Northern Oil and Gas
Country
United States
Sector
Energy
Industry
Oil & Gas E&P
Employees
49
Ticker
NOG
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Northern Oil and Gas Inc. is an independent energy company specializing in the acquisition, exploration, exploitation, and development of oil and natural gas properties. Its primary functional operati...

Northern Oil and Gas's GHG Emissions Data Preview

In 2024, Northern Oil and Gas completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Northern Oil and Gas has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Northern Oil and Gas’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Northern Oil and Gas’s data sources below and access millions more through our Disclosure Search.

a. Northern Oil and Gas's ESG Report 2024
a. Northern Oil and Gas's ESG Report 2024
b. Northern Oil and Gas's ESG Report 2023
b. Northern Oil and Gas's ESG Report 2023

Insights into Northern Oil and Gas's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Northern Oil and Gas amounted to 224.7 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Northern Oil and Gas decreased by 0.4%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Northern Oil and Gas's Scope 1 Emissions Over Time

20222023202405101520tCO2e+66%+22%
  • Total Scope 1
  • Year-over-Year Change

What are Northern Oil and Gas's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Northern Oil and Gas were 16.8 metric tons of CO₂ equivalent (tCO₂e). a

Has Northern Oil and Gas reduced its Scope 1 emissions over time?

Since 2022, Northern Oil and Gas's Scope 1 emissions have increased by 102.41%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Northern Oil and Gas's Scope 1 emissions increased by 21.74%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Northern Oil and Gas's Scope 2 emissions?

In 2024, Northern Oil and Gas reported Scope 2 greenhouse gas (GHG) emissions of 207.9 tCO₂e using the location-based method. a

Has Northern Oil and Gas reduced its Scope 2 emissions over time?

Since 2022, Northern Oil and Gas's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 18.8%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Northern Oil and Gas's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Northern Oil and Gas 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Northern Oil and Gas use for Scope 2 reporting?

In 2024, Northern Oil and Gas reported its Scope 2 emissions using the location-based method. a

Northern Oil and Gas's Scope 2 Emissions Over Time

202220232024060120180240tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Northern Oil and Gas's Value Chain Emissions

In 2024, Northern Oil and Gas reported 21,573,285 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Northern Oil and Gas includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Northern Oil and Gas's Scope 3 Emissions Over Time

20222023202405.5 M11 M16.5 M22 MtCO2e+33%+25%
  • Total Scope 3
  • Year-over-Year Change

What are Northern Oil and Gas's Scope 3 emissions?

In 2024, Northern Oil and Gas reported total Scope 3 emissions of 21,573,285 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.01% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.99% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Northern Oil and Gas reduced its Scope 3 emissions over time?

Since 2022, Northern Oil and Gas's Scope 3 emissions have increased by 66.09%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), Northern Oil and Gas's Scope 3 emissions increased by 24.98%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Northern Oil and Gas disclose?

In 2024, Northern Oil and Gas reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Northern Oil and Gas's Scope 3 emissions?

In 2024, the largest contributors to Northern Oil and Gas's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 17,101,558 tCO₂e (96.97%)
  • Investments (Cat. 15): 531,291 tCO₂e (3.01%)
  • Purchased Goods and Services (Cat. 1): 1,342 tCO₂e (0.01%)

Northern Oil and Gas's Scope 3 Emissions by Categories

Investments(Cat. 15)(3.0%)Use of Sold Products(Cat. 11)(97.0%)

Insights into Northern Oil and Gas’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Northern Oil and Gas reported Scope 1 greenhouse gas (GHG) emissions of 16.8 tCO₂e and total revenues of USD 2,154 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD. a

Northern Oil and Gas's Scope 1 Emissions Intensity Compared to Peers

1050020,0002,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)Talos EnergyYear: 2023Scope 1: 897,885 tCO2eRevenue: $M 1,458Scope 1 Intensity: 615.88 tCO2e/$MSM EnergyYear: 2024Scope 1: 887,972 tCO2eRevenue: $M 2,671Scope 1 Intensity: 332.41 tCO2e/$MComstock ResourcesYear: 2024Scope 1: 328,836 tCO2eRevenue: $M 1,254Scope 1 Intensity: 262.32 tCO2e/$MEQT CorpYear: 2023Scope 1: 668,626 tCO2eRevenue: $M 5,070Scope 1 Intensity: 131.88 tCO2e/$MGulfport EnergyYear: 2023Scope 1: 275,100 tCO2eRevenue: $M 1,051Scope 1 Intensity: 261.66 tCO2e/$MTexas Pacific Land CorpYear: 2023Scope 1: 13,819 tCO2eRevenue: $M 632Scope 1 Intensity: 21.88 tCO2e/$MCNX ResourcesYear: 2023Scope 1: 559,769 tCO2eRevenue: $M 1,506Scope 1 Intensity: 371.62 tCO2e/$MMagnolia Oil & GasYear: 2024Scope 1: 622,491 tCO2eRevenue: $M 1,316Scope 1 Intensity: 473.06 tCO2e/$MDiamondback EnergyYear: 2023Scope 1: 1,757,044 tCO2eRevenue: $M 8,412Scope 1 Intensity: 208.87 tCO2e/$MOccidental PetroleumYear: 2024Scope 1: 17,900,000 tCO2eRevenue: $M 26,725Scope 1 Intensity: 669.78 tCO2e/$MOvintivYear: 2024Scope 1: 4,669,988 tCO2eRevenue: $M 9,152Scope 1 Intensity: 510.27 tCO2e/$MPermian ResourcesYear: 2023Scope 1: 2,150,671 tCO2eRevenue: $M 3,121Scope 1 Intensity: 689.12 tCO2e/$MMurphy OilYear: 2024Scope 1: 986,645 tCO2eRevenue: $M 3,019Scope 1 Intensity: 326.86 tCO2e/$MCalifornia ResourcesYear: 2023Scope 1: 2,603,000 tCO2eRevenue: $M 2,813Scope 1 Intensity: 925.35 tCO2e/$MAPA Corp (US)Year: 2023Scope 1: 5,962,000 tCO2eRevenue: $M 8,279Scope 1 Intensity: 720.14 tCO2e/$MCoterra EnergyYear: 2024Scope 1: 1,177,337 tCO2eRevenue: $M 5,458Scope 1 Intensity: 215.71 tCO2e/$MEOG ResourcesYear: 2023Scope 1: 5,700,000 tCO2eRevenue: $M 23,182Scope 1 Intensity: 245.88 tCO2e/$MRange ResourcesYear: 2024Scope 1: 195,199 tCO2eRevenue: $M 2,347Scope 1 Intensity: 83.17 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MCivitas ResourcesYear: 2023Scope 1: 1,920,131 tCO2eRevenue: $M 3,479Scope 1 Intensity: 551.88 tCO2e/$MMatador ResourcesYear: 2024Scope 1: 1,368,227 tCO2eRevenue: $M 3,479Scope 1 Intensity: 393.29 tCO2e/$MNorthern Oil and GasYear: 2024Scope 1: 17 tCO2eRevenue: $M 2,154Scope 1 Intensity: 0.01 tCO2e/$M

How does Northern Oil and Gas's GHG emissions intensity compare to its peers?

In 2024, Northern Oil and Gas reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 332.41 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Northern Oil and Gas rank on GHG emissions intensity within its industry?

In 2024, Northern Oil and Gas ranked 1 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Northern Oil and Gas among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Northern Oil and Gas's Total Carbon Footprint

In 2024, Northern Oil and Gas reported a total carbon footprint of 21,573,509.7 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 24.98% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Northern Oil and Gas's total carbon footprint was Scope 3 emissions, accounting for 100% of the company's total carbon footprint, followed by Scope 2 emissions at 0%. a

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