NOG completes Parallax acquisition for CA$237M cash and 3.7M shares

NORTHERN OIL & GAS, INC.

Closed acquisition of oil and gas properties from Parallax Energy Operating for CA$237M cash plus 3,689,413 shares.
Cash consideration includes a CA$37.5M deposit; funded with cash on hand, free cash flow, and credit facility.
Issued 3,689,413 shares of common stock as stock consideration in reliance on Section 4(a)(2) exemption.
Entered into Registration Rights Agreement for resale of the stock consideration on Form S-3ASR.
Transaction was previously announced on May 22, 2026; closing reflects no material changes to terms.

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