NORTHERN OIL & GAS, INC. (NOG): M&A transaction — NOG closes $464.5M Ohio Utica acquisition, upsizes credit facility to $1.8B elected commitment

NORTHERN OIL & GAS, INC.

Closed joint acquisition of 40% stake in Ohio Utica upstream and midstream assets from Antero; cash payment $464.5M.
Original 49% stake reduced to 40% via amendment; INR holds 60%.
Revolving credit facility borrowing base increased to $1.975B, elected commitment to $1.8B, adding $200M liquidity.
Acquisition funded with cash on hand, operating cash flow, and credit facility borrowings.

item 1.01 item 2.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NORTHERN OIL & GAS, INC. amended revolving credit of increase from $1.8 billion to $1.975 billion with Wells Fargo Bank, National Association.

Instrument: revolving credit
Principal: increase from $1.8 billion to $1.975 billion
Counterparty: Wells Fargo Bank, National Association
Event: amendment

Exact text from the filing

Pursuant to the Credit Agreement Amendment, an interim borrowing base redetermination was completed and: (i) the borrowing base will increase from $1.8 billion to $1.975 billion and (ii) the elected commitment amount will increase from $1.6 billion to $1.8 billion.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NORTHERN OIL & GAS, INC. completed an acquisition involving Antero Resources Corporation, Antero Minerals LLC, Monroe Pipeline LLC, Antero Midstream LLC, Antero Water LLC, Antero Treatment LLC for combined cash purchase price of approximately $800 million (closed 2026-02-23).

Action: acquisition
Counterparty: Antero Resources Corporation, Antero Minerals LLC, Monroe Pipeline LLC, Antero Midstream LLC, Antero Water LLC, Antero Treatment LLC
Consideration: combined cash purchase price of approximately $800 million
Closing: 2026-02-23

Exact text from the filing

On February 23, 2026, Northern Oil and Gas Inc. (“Northern”) and Infinity Natural Resources, LLC (“INR Holdings” and, together with Northern, the “Buyers”) completed their previously announced acquisitions (the “Antero Acquisitions”) of (i) certain rights, title and interests in upstream oil and gas properties, rights and related assets located in the State of Ohio (the “Upstream Assets”) from Antero Resources Corporation, Antero Minerals LLC and Monroe Pipeline LLC (collectively, the “Upstream Sellers”), pursuant to that certain purchase and sale agreement (the “Upstream Purchase Agreement”), dated December 5, 2025, by and among INR Holdings, Northern and the Upstream Sellers, for a combined cash purchase price of approximately $800 million

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Source: SEC EDGAR

accession 0001193125-26-064523

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