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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001144204-07-058252.txt : 20071105
<SEC-HEADER>0001144204-07-058252.hdr.sgml : 20071105
<ACCEPTANCE-DATETIME>20071105165724
ACCESSION NUMBER:		0001144204-07-058252
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071101
FILED AS OF DATE:		20071105
DATE AS OF CHANGE:		20071105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTHERN OIL & GAS, INC.
		CENTRAL INDEX KEY:			0001104485
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				953848122
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		130 LAKE STREET WEST
		STREET 2:		SUITE 300
		CITY:			WAYZATA
		STATE:			MN
		ZIP:			55391
		BUSINESS PHONE:		952-476-9800

	MAIL ADDRESS:	
		STREET 1:		130 LAKE STREET WEST
		STREET 2:		SUITE 300
		CITY:			WAYZATA
		STATE:			MN
		ZIP:			55391

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KENTEX PETROLEUM INC
		DATE OF NAME CHANGE:	20000128

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			O TOOLE LOREN J
		CENTRAL INDEX KEY:			0001399727

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-30955
		FILM NUMBER:		071214700

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		952 476 9800

	MAIL ADDRESS:	
		STREET 1:		130 LAKE STREET W
		CITY:			WAYZATA
		STATE:			MN
		ZIP:			55391
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v092432_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-11-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001104485</issuerCik>
        <issuerName>NORTHERN OIL &amp; GAS, INC.</issuerName>
        <issuerTradingSymbol>NOGS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001399727</rptOwnerCik>
            <rptOwnerName>O TOOLE LOREN J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NORTHERN OIL &amp; GAS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>130 LAKE STREET WEST, SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>WAYZATA</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55391</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Option to Purchase Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.18</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-11-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2007-11-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2017-11-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>100000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>100000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Nonqualified Stock Option granted pursuant to the Company's Incentive Stock Option Plan in compliance with Rule 16b(3).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Loren J. O'Toole</signatureName>
        <signatureDate>2007-11-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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