NYSE: NOG Q4:21 EARNINGS PRESENTATION NYSE: NOG NYSE: NOG Northern Oil & Gas, Inc. - November 2020 2 I. Q4 HIGHLIGHTS AND 2022 GUIDANCE II. NORTHERN VALUE PROPOSITION III. APPENDIX: SUPPLEMENTAL INFO Q4:21 FINANCIAL & OPERATING HIGHLIGHTS NYSE: NOG Q4:21 Earnings Highlights Q4 Free Cash Flow(1) Dividend Growth • Record Free Cash Flow and Strong Margins and Returns • Free Cash Flow. Free cash flow hit a record $70.7MM in Q4, +28% QoQ +78% Increase $70.7MM • Standout margins and returns(1). NOG's recycle rati ...