Earthstone Energy (ESTE) said it agreed to acquire Novo Oil & Gas Holdings for $1.5B. Northern Oil and Gas (NOG) will buy one third of the Novo oil and gas assets from Earthstone for $500M.
Northern Oil And Gas (NOG) Announces Joint Acquisition of Northern Delaware Basin Permian Assets streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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The Acquired Assets are primarily located in Ward and Reeves Counties, Texas and include approximately 10,200 net acres, 30.5 net producing wells, 2.3 net wells-in-process and roughly 20 low-breakeven net undeveloped locations.