NORTHERN OIL & GAS, INC.

(2)The number of shares indicated and the information below is based on information reported to the SEC in a Schedule 13G filed by BlackRock, Inc. on November 12, 2024, reporting ownership of our common stock as of September 30, 2024. Amount reported represents shares of our common stock directly or indirectly held by BlackRock, Inc. BlackRock, Inc. has sole voting power with respect to 15,224,906 shares of common stock and sole dispositive power with respect to 15,209,898 shares of common stock. BlackRock, Inc. is deemed to be the beneficial owner of 15,209,898 shares of common stock.

(3)The number of shares indicated and the information below is based on information reported to the SEC in Amendment No. 6 to Schedule 13G filed by FMR LLC on February 9, 2024, reporting ownership of our common stock as of December 29, 2023. Amount reported represents shares of our common stock directly or indirectly held by FMR LLC. FMR LLC has sole power to vote with respect to 10,484,775 shares of common stock and sole dispositive power with respect to 10,630,809 shares of common stock. FMR LLC is deemed to be the beneficial owner of 10,630,809 shares of common stock. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders’ voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders’ voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.

(4)The number of shares indicated and the information below is based on information reported to the SEC in a Schedule 13G filed by The Vanguard Group on January 10, 2024, reporting ownership of our common stock as of December 29, 2023. Amount reported represents shares of our common stock directly or indirectly held by The Vanguard Group. The Vanguard Group has shared voting power with respect to 149,434 shares of common stock, sole dispositive power with respect to 10,349,584 shares of common stock and shared dispositive power with respect to 237,952 shares of common stock. The Vanguard Group is deemed to be the beneficial owner of 10,587,536 shares of common stock.

(5)The number of shares indicated and the information below is based on information reported to the SEC in a Schedule 13G filed by American Century Companies, Inc. on November 8, 2024, reporting ownership of our common stock as of September 30, 2024. American Century Companies, Inc. has sole voting power with respect to 6,563,529 shares of common stock and sole dispositive power with respect to 6,712,314 shares of common stock. American Century Companies, Inc. is deemed to be the beneficial owner of 6,712,314 shares of common stock.

(6)The number of shares indicated and the information below is based on information reported to the SEC in a Schedule 13G filed by State Street Corporation on February 5, 2025, reporting ownership of our common stock as of December 31, 2024. State Street Corporation has shared voting power with respect to 4,643,178 shares of common stock and shared dispositive power with respect to 4,959,173 shares of common stock. State Street Corporation is deemed to be the beneficial owner of 4,959,173 shares of common stock.

(7)Mr. King is not standing for re-election as a director in 2025.

(8)Mr. O’Grady also serves as a director.