NOG News and Press, Northern Oil and Gas Inc. From 08/01/23

Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today announced that its Board of Directors has declared a cash dividend on the Company’s common stock. The Company is also providing a framework for setting future dividend policy. DIVIDEND D...

Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today provided an update to 2023 guidance and a preliminary second quarter financial and operational update. UPDATED GUIDANCE NOG is updating guidance for full year 2023 to reflect the followin...

Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) announced today that it plans to issue its second quarter 2023 financial and operating results on Wednesday, August 2, 2023, after the market closes. Additionally, the Company will host a conference call o...

Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”) closed its previously announced acquisition of Delaware Basin assets from Forge Energy II Delaware, LLC, an EnCap portfolio company (“Forge”), on June 30, 2023. NOG jointly acquired the assets with Vital Energy, Inc. (...

2023-06-24 05:09:47 ET Summary The Invesco S&P SmallCap Energy ETF offers unique exposure to the small-cap energy sector, with top 10 holdings making up 60% of the fund NAV. PSCE has tracked closely to the performance of large-cap energy ETFs despite differences in business an...

2023-06-18 09:15:21 ET Summary Earthstone Energy operates in the Permian Basin and follows a roll-up strategy. It has achieved an impressive 86% compound annual growth rate in oil and gas production since 2020. The acquisition of Novo Oil & Gas, the seventh within 2 1/2 years,...

2023-06-18 07:57:03 ET Summary Earthstone Energy acquires Novo Oil & Gas Holdings for $1.5B, with Northern Oil & Gas obtaining a 33% working interest for $500MM. Earthstone's acquisition includes 38,000 boe/d of production, 11,300 net acres, 21 drilled uncompleted wells, a...

2023-06-15 15:17:16 ET Summary Their business model consisting of non-operating interests in upstream provides the revenue without the headaches. A proven and well-executed strategy of acquisition clearly shows the foresight of management. Their flexibility in capital allocati...

2023-06-15 07:57:11 ET Earthstone Energy ( NYSE: ESTE ) said Thursday it agreed to acquire Novo Oil & Gas Holdings, a privately-held Delaware Basin-focused E&P company backed by EnCap Investments, for $1.5B. Concurrently, Northern Oil and Gas ( NYSE: NOG ) wi...

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 N...