---
schema_version: "secwatch.filing_event.v1"
accession: "0001104485-23-000139"
form_type: "8-K"
ticker: "NOG"
cik: "0001104485"
company_name: "NORTHERN OIL & GAS, INC."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:36:59.827006+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Northern Oil and Gas increases borrowing base to $1.8B and commitment to $1.25B, contingent on Novo acquisition closing

## Summary
- Borrowing base raised from $1.6B to $1.8B; elected commitment increased from $1.0B to $1.25B.
- Credit agreement amendment effective upon closing of Novo Oil & Gas Holdings acquisition, expected mid-August 2023.
- TRT Governance Agreement terminated August 3, 2023; Michael Frantz to remain director until successor elected.
- Additional fees and conditions precedent required for amendment effectiveness, including consummation of Forge and Novo acquisitions.

## SEC filing metadata
- accession: 0001104485-23-000139
- form_type: 8-K
- ticker: NOG
- cik: 0001104485
- company_name: NORTHERN OIL & GAS, INC.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000139/0001104485-23-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000139/nog-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104485-23-000139
- JSON: https://secwatch.observer/filing/0001104485-23-000139.json
- Plain text: https://secwatch.observer/filing/0001104485-23-000139.txt

## Key facts
- Debt Financings
  NORTHERN OIL & GAS, INC. amended revolving credit of borrowing base will increase from $1.6 billion to $1.8 billion and the elected commitment amount will increase from $1.0 with Wells Fargo Bank, N.A., as administrative agent and collateral agent, and the lenders from time to time party thereto.
  - Instrument: revolving credit
  - Principal: borrowing base will increase from $1.6 billion to $1.8 billion and the elected commitment amount will increase from $1.0
  - Counterparty: Wells Fargo Bank, N.A., as administrative agent and collateral agent, and the lenders from time to time party thereto
  - Event: amendment
  source text: (the “Company”) entered into an amendment (the “Credit Agreement Amendment”) to its Third Amended and Restated Credit Agreement, dated June 7, 2022, governing the Company’s revolving credit facility with Wells Fargo Bank, N.A., as administrative agent and collateral agent, and the lenders from time to time party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000139/0001104485-23-000139-index.htm

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