---
schema_version: "secwatch.filing_event.v1"
accession: "0001104485-23-000147"
form_type: "8-K"
ticker: "NOG"
cik: "0001104485"
company_name: "NORTHERN OIL & GAS, INC."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:11:36.016213+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NOG closes $468.4M acquisition of 1/3 interest in Novo Delaware Basin assets

## Summary
- NOG paid $468.4M in cash (funded in part by $37.5M deposit) for undivided 1/3 interest in Novo assets.
- Earthstone Energy will become operator of substantially all the acquired assets.
- Transaction includes multi-year development plan under joint operating and cooperation agreements.
- Closing settlement net of preliminary adjustments; subject to post-closing settlements between parties.
- Assets are in Northern Delaware Basin from EnCap portfolio company Novo.

## SEC filing metadata
- accession: 0001104485-23-000147
- form_type: 8-K
- ticker: NOG
- cik: 0001104485
- company_name: NORTHERN OIL & GAS, INC.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01, 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000147/0001104485-23-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000147/nog-20230815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104485-23-000147
- JSON: https://secwatch.observer/filing/0001104485-23-000147.json
- Plain text: https://secwatch.observer/filing/0001104485-23-000147.txt

## Key facts
- M&A Transactions
  NORTHERN OIL & GAS, INC. completed an acquisition involving Earthstone Energy Holdings, LLC for approximately $468.4 million in cash (closed 2023-08-15).
  - Action: acquisition
  - Counterparty: Earthstone Energy Holdings, LLC
  - Consideration: approximately $468.4 million in cash
  - Closing: 2023-08-15
  source text: on August 15, 2023, immediately after the completion of the Purchaser Acquisition, the NOG Acquisition was completed whereby Purchaser transferred to NOG an undivided one-third interest in the Novo Assets pursuant to the Cooperation Agreement in exchange for approximately $468.4 million in cash
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104485/000110448523000147/0001104485-23-000147-index.htm

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