---
schema_version: "secwatch.filing_event.v1"
accession: "0001104485-24-000185"
form_type: "8-K"
ticker: "NOG"
cik: "0001104485"
company_name: "NORTHERN OIL & GAS, INC."
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:05:06.390423+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NOG closes $511.2M Uinta Basin acquisition; adds ~15,800 net acres

## Summary
- NOG acquired 20% undivided interest in Uinta Basin assets from XCL Resources for $511.2M cash.
- Acquisition includes ~15,800 net acres and ~116 net undeveloped locations with over a decade of Tier 1 inventory.
- SM Energy is operator of substantially all assets under joint development agreements.
- Closing includes previously announced Altamont Energy assets; funded in part by $25.5M deposit.

## SEC filing metadata
- accession: 0001104485-24-000185
- form_type: 8-K
- ticker: NOG
- cik: 0001104485
- company_name: NORTHERN OIL & GAS, INC.
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104485/000110448524000185/0001104485-24-000185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104485/000110448524000185/nog-20241001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104485-24-000185
- JSON: https://secwatch.observer/filing/0001104485-24-000185.json
- Plain text: https://secwatch.observer/filing/0001104485-24-000185.txt

## Key facts
- M&A Transactions
  NORTHERN OIL & GAS, INC. completed an acquisition involving XCL Resources, LLC for approximately $511.2 million in cash (closed 2024-10-01).
  - Action: acquisition
  - Counterparty: XCL Resources, LLC
  - Consideration: approximately $511.2 million in cash
  - Closing: 2024-10-01
  source text: On October 1, 2024, SM and NOG completed the Acquisition whereby NOG has acquired an undivided 20% interest in the Assets in exchange for approximately $511.2 million in cash (funded in part by a $25.5 million cash deposit previously paid into escrow by NOG upon the execution of the Cooperation Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104485/000110448524000185/0001104485-24-000185-index.htm

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