Oil and Gas 360 HIGHLIGHTS Joint acquisition with Vital Energy, Inc. (“Vital”) of certain assets (the “Point Assets”) of Point Energy Partners, LLC (“Point”), a Vortus Investments company (“Vortus”) for $1.1 billion NOG purchasing a 20% undivided stake in the Point Assets (the “Acquired Assets”) for $220 million in cash (all numbers below are net to NOG) The Acquired Assets
Oil and Gas 360 Transaction highly accretive to key metrics; adds 68 high-return gross locations TULSA, OK, July 28, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Point Energy Partners (“Point”), a Vortus Investments portfolio company. The
Oil and Gas 360 DENVER, June 27, 2024 /PRNewswire/ — SM Energy Company (the “Company” or “SM Energy”) (NYSE: SM) today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC (“XCL”), a private company backed by EnCap Investments L.P. (“EnCap”) and Rice Investment Group (“Rice”),
Oil and Gas 360 HIGHLIGHTS SM Energy Company (“SM”), with NOG as its non-operated partner, purchasing the Uinta Basin assets (the “XCL Assets”) of XCL Resources, LLC, an EnCap Portfolio Company, for a combined unadjusted purchase price of $2.55 billion in cash NOG to acquire a 20% undivided stake in the XCL Assets (the “Acquired Assets”) for $510.0 million in
World Oil (WO) — Northern Oil and Gas Inc. (NOG) has announced its first quarter results, showcasing robust performance with a focus on its operations in the Permian basin. With a record quarterly production of 119,436 Boe per day (59% oil), marking increases of 4% from the fourth quarter of 2023 and 37% from the first quarter of 2023, NOG
Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third quarter of 2023. HIGHLIGHTS Strong organic and Ground Game activity driving additional development Q3 Ground Game transactions expected to add 5.7 net in-process and
Oil and Gas 360 Largest Transaction in Company History to be Highly Accretive to Key Financial Metrics, Adds ~5,600 Net Acres to Delaware Basin Portfolio HIGHLIGHTS Joint acquisition with Earthstone Energy, Inc. (“Earthstone”) of certain assets (the “Novo Assets”) of Novo Oil & Gas Holdings, LLC, an EnCap portfolio company (“Novo”) NOG purchasing a 33.33% undivided stake in the Novo
Oil and Gas 360 Transaction Accretive to Key Financial Metrics, Adds Over 10,000 Net Acres to Delaware Basin Portfolio HIGHLIGHTS Joint acquisition with Vital Energy, Inc. (“Vital”) of certain assets (the “Forge Assets”) of Forge Energy II Delaware, LLC, an EnCap portfolio company (“Forge”) NOG purchasing a 30% undivided stake in the Forge Assets (the “Acquired Assets”) for $162
Oil and Gas 360 FIRST QUARTER HIGHLIGHTS Record quarterly production of 87,385 Boe per day (62% oil), an increase of 23% from the first quarter of 2022. Net income of $340.2 million and record Adjusted EBITDA of $325.5 million. See “Non-GAAP Financial Measures” below. Cash flow from operations of $269.3 million. Excluding changes in net working capital, cash flow from
FOURTH QUARTER HIGHLIGHTS Production of 78,854 Boe per day (59.5% oil), a 23% increase fr…
Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an agreement to acquire properties in the core of the Midland Basin. HIGHLIGHTS NOG enters into agreement to acquire a 36.7% working interest in a stacked pay, six-zone development project (the “Mascot Project”) in the core of the
Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the acquisition of Northern Delaware Basin properties. DELAWARE BASIN ACQUISITION NOG has entered into a definitive agreement to acquire certain non-operated interests (the “Assets”) in the Delaware Basin from a private seller (the “Seller”) for a purchase price of
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