One-Page Deal Sheet
Northern Oil Acquires Additional Permian Working Interest; Enters Utica
Northern Oil and Gas, Inc. Not Disclosed
Announced Date
November 21,2023
Effective Date
November 01,2023
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
170
Asset/Basin:
["Delaware Basin", "Appalachian Basin (Utica)"]
TargetZones:
["Point Pleasant", "
Net Acres
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Country
United States
State
Ohio
County
Belmont ,Monroe ,Jefferson ,Harrison
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Northern Oil said it has acquired additional working interest in the Dealware Basin. Simultaneously the company said it has entered the Utica play.
NORTHERN DELAWARE BASIN TRANSACTION
NOG has entered into a definitive agreement with a private party to acquire non-operated interests across ~3,000 net acres located primarily in Lea and Eddy Counties, New Mexico. NOG owns existing interests in approximately 90% of the leasehold. Current production is ~2,800 Boe per day (2-stream, ~67% oil). NOG expects 2024 production to average ~2,500 Boe per day (2-stream, ~67% oil) but expects significant…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-08-2025 | Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B | -  |
- |
| May-30-2025 | EOG Acquires Utica Liquids Focus Encino For $5.6 Billion | - |
- |
| Dec-05-2024 | CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM | - |
- |