NORTHERN OIL & GAS, INC. (NOG): M&A transaction — NOG closes upsized $320M Midland Basin Mascot Project acquisition, working interest 39.958%

NORTHERN OIL & GAS, INC.

Closed acquisition of non-operated interests in Mascot Project in Midland Basin for $320M cash (incl. $43M deposit).
Acquisition upsized by 3.25% working interest to 39.958% for an incremental unadjusted price of $29.2M on identical terms.
Unadjusted purchase price of $359.2M for total 39.958% working interest; funded with cash on hand and credit facility.
Closure subject to post-closing settlements; additional details previously disclosed in Oct 19, 2022 announcement.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NORTHERN OIL & GAS, INC. completed an acquisition involving Midland Petro D.C. Partners, LLC and Collegiate Midstream LLC (collectively, "MPDC") for $320.0 million in cash (closed 2023-01-05).

Action: acquisition
Counterparty: Midland Petro D.C. Partners, LLC and Collegiate Midstream LLC (collectively, "MPDC")
Consideration: $320.0 million in cash
Closing: 2023-01-05

Exact text from the filing

the unadjusted purchase price to $359.2 million. At closing of the MPDC Acquisition, in accordance with the Final PSA, the Company paid closing consideration consisting of $320.0 million in cash (which includes a $43.0 million cash deposit previously paid by the Company upon the execution of the PSA and held in escrow in accordance with the terms thereof). The

View on SEC.gov

Browse all m&a transactions →

NORTHERN OIL & GAS, INC. filing history →

Source: SEC EDGAR

accession 0001104485-23-000019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.