Northern Oil & Gas
Transactions
Earthstone, NOG Close $1.5B Acquisition of Novo Assets
Earthstone, NOG Close $1.5B Acquisition of Novo Assets
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News
Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway
With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.
Prairie Operating Gets Output, Acreage Boost from Nickel Road M&A
Prairie Operating closed an acquisition of acreage and production in Weld County, Colorado, where the D-J Basin player is drilling its first Niobrara horizontals.
Non-op Rising: NOG’s O’Grady, Dirlam See Momentum in Co-purchase M&A
Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam.
Building a Better Non-op? Control the Purse Strings, Executives Say
As they trail E&Ps in the public markets, some non-operated oil and gas companies are taking firmer control of drilling decisions as executives look to reinvent their business model.
Vital Energy, Northern to Buy Delaware E&P Point Energy for $1.1B
Vital Energy will buy an 80% stake in Point Energy Partners’ Delaware Basin assets for about $820 million, with Northern Oil and Gas acquiring the remaining 20% interest for $220 million.
SM Stock Dives Over 10% as Investors Weigh $2B Uinta Basin Deal
Shares for SM Energy were trading down after announcing a multibillion-dollar entry into Utah’s Uinta Basin, an unusual move that nonetheless adds scale to the company’s Eagle Ford Shale and Permian Basin operations.
Earthstone Shops Eagle Ford Assets as E&P Eyes South Texas Exit
Earthstone Energy is marketing PDP and undeveloped locations in the Eagle Ford as the E&P streamlines its focus on the Permian Basin.
A&D Minute: Big Expansions, Bigger Mergers [WATCH]
In this week's A&D Minute, Patterson-UTI and NexTier Oilfield Solutions are merging, Civitas Resources enters the Permian, and Earthstone Energy expands their Delaware Basin presence.
Earthstone Buys EnCap-Backed Delaware E&P in $1B Deal
Earthstone Energy is growing its position in the northern Delaware Basin with a deal to acquire EnCap-backed E&P Novo Oil & Gas — with Northern Oil & Gas also buying a third of Novo's working interests for an additional $500 million.
A&D Minute: Shaking Things Up in the Delaware and Beyond [WATCH]
In this week's A&D Minute, ONEOK acquires Magellan Midstream Partners, Northern Oil and Gas partners with Vital Energy, and lithium producers Allkem and Livent come together to create the world's third largest lithium manufacturer.