---
schema_version: "secwatch.filing_event.v1"
accession: "0001104485-23-000019"
form_type: "8-K"
ticker: "NOG"
cik: "0001104485"
company_name: "NORTHERN OIL & GAS, INC."
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T17:28:35.743966+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NOG closes upsized $320M Midland Basin Mascot Project acquisition, working interest 39.958%

## Summary
- 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.

## SEC filing metadata
- accession: 0001104485-23-000019
- form_type: 8-K
- ticker: NOG
- cik: 0001104485
- company_name: NORTHERN OIL & GAS, INC.
- filed_at: 2023-01-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000019/0001104485-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000019/nog-20230105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104485-23-000019
- JSON: https://secwatch.observer/filing/0001104485-23-000019.json
- Plain text: https://secwatch.observer/filing/0001104485-23-000019.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000019/0001104485-23-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.