11月，NOG表示将进入尤蒂卡页岩，并从私人机构购买包括0.8口净生产井和1.7口净生产井在内的权益。明尼阿波利斯公司增加了俄亥俄州杰斐逊县、哈里森县、贝尔蒙特县和门罗县的非经营权益。主要目标区域是 Point Pleasant 地层和 Utica 页岩。几乎所有收购的俄亥俄州资产均由Ascent Resources运营。
NOG 还在另一项单独交易中扩大了其在特拉华盆地的业务范围，该交易在该区北部约 3,000 净英亩的土地上获得了非经营权益。权益主要位于新墨西哥州的利县和埃迪县。该公司拥有约 90% 租赁权的现有权益。
有关这些收购的更多信息，请参阅 NOG 2023 年 11 月 21 日宣布交易的新闻稿（可 在此处查看）。
花旗担任 NOG 特拉华盆地交易的财务顾问。TPH&Co 是 Perella Weinberg Partners 的能源业务，担任特拉华盆地卖方的财务顾问。凯易律师事务所 (Kirkland & Ellis LLP) 担任 NOG 特拉华盆地交易的法律顾问。Steptoe & Johnson 担任 NOG 尤蒂卡交易的法律顾问。
NOG Closes Utica Shale, Delaware Basin Acquisitions
Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
Hart Energy Staff
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Northern Oil and Gas (NOG) closed two previously announced acquisitions with private sellers in the Utica Shale and northern Delaware Basin assets for $162.6 million, the company said Feb. 5.
In November, NOG said it would enter the Utica Shale with the purchase of interests including 0.8 net producing wells and 1.7 net wells in process from a private party. The Minneapolis company added non-operated interests in Ohio’s Jefferson, Harrison, Belmont and Monroe counties. The primary target zones are the Point Pleasant Formation and the Utica Shale. Nearly all of the acquired Ohio assets are operated by Ascent Resources.
NOG also extended its footprint in the Delaware Basin in a separate transaction that bolts on non-operated interests across about 3,000 net acres in the northern part of the play. The interests are primarily in Lea and Eddy counties, New Mexico. The company owns existing interests in approximately 90% of the leasehold.
The two deals were initially priced at $174 million. NOG paid $28.4 million in closing costs incurred in fourth-quarter 2023 and the remaining $134.2 million in first-quarter 2024.
(Source: Northern Oil and Gas)
The first quarter closings were funded in part by a $17.1 million deposit paid at signing in November. The closing settlements are net of preliminary and customary purchase price adjustments and remain subject to post-closing settlements between the parties.
More information regarding these acquisitions can be found in NOG's Nov. 21, 2023, press release announcing the transactions, which is available here.
Citi served as financial adviser to NOG for the Delaware Basin transaction. TPH&Co, the energy business of Perella Weinberg Partners, served as financial adviser to the Delaware Basin seller. Kirkland & Ellis LLP is serving as NOG’s legal adviser for the Delaware Basin transaction. Steptoe & Johnson is serving as NOG’s legal adviser for the Utica transaction.
