NOG Closes Point Acquisition
Northern Oil and Gas, Inc. (NOG)
NASDAQ:AMEX Investor Relations:
northernoil.com
Company Research
Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”) closed its previously announced acquisition of Delaware Basin assets from Point Energy Partners, LLC (“Point”), a Vortus Investments company, on September 20, 2024.NOG jointly acquired the assets with Vital Energy, Inc. (“Vital”), which will become the operator of substantially all the assets. In connection with the transaction, NOG and Vital entered into cooperation and joint operating agreements, which include a multi-year development plan for the Point assets.At closing, NOG paid $205.0 million in cash, which includes a $22.0 million deposit paid at signing in July 2024. The closing settlement is net of preliminary and customary purchase price adjustments and remains subject to post-closing settlements between the parties. More information regarding this acquisition can be found in NOG’s July 28, 2024 press release announcing the transaction.ABOUT NOGNOG is a real asset company with a primary strategy
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News
- Northern Oil and Gas, Inc. (NYSE: NOG) was downgraded by analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating. They now have a $45.00 price target on the stock, up previously from $43.00.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target raised by analysts at Piper Sandler from $40.00 to $41.00. They now have a "neutral" rating on the stock.MarketBeat
- Northern Oil and Gas, Inc. (NYSE: NOG) had its price target raised by analysts at Truist Financial Co. from $44.00 to $51.00. They now have a "buy" rating on the stock.MarketBeat
- Is Northern Oil and Gas, Inc. (NYSE:NOG) Trading At A 46% Discount? [Yahoo! Finance]Yahoo! Finance
- Northern Oil & Gas Inc (NOG) Q3 2024 Earnings Call Highlights: Record Production and ... [Yahoo! Finance]Yahoo! Finance
NOG
Earnings
- 11/5/24 - Beat
NOG
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- NOG's page on the SEC website