secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN OIL & GAS, INC. (NOG)
CIK:        0001104485
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001104485-23-000147
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.01, 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104485/000110448523000147/0001104485-23-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104485/000110448523000147/nog-20230815.htm
  HTML page:      https://secwatch.observer/filing/0001104485-23-000147

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