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Earthstone Energy has entered into an agreement to acquire Novo Oil & Gas Holdings, a privately-held Delaware Basin focused E&P company backed by EnCap Investments, for $1.5 billion. Concurrently, Northern Oil and Gas, Inc. will acquire working interests equal to a pro-rata 33 1/3% of the oil and gas assets of Novo for $0.5 billion from Earthstone, resulting in a $1.0 billion purchase price net to Earthstone for the retained 66 2/3% interest.

THE WOODLANDS, Texas, June 15, 2023 (GLOBE NEWSWIRE) -- Earthstone Energy, Inc. (NYSE:ESTE) ("Earthstone", the "Company", "our", or "we") today announced that it has entered into an agreement (the "Agreement") to

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

/PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that it has entered into a definitive...

Marathon Oil has entered into a definitive purchase agreement to acquire the Eagle Ford assets of Ensign Natural Resources for total cash consideration of $3.0 billion.