NOG - M&A Summary and Business Overview

Oil/gas ExplorationCompany

NOG M&A Summary

NOG has acquired 7 companies, including 5 in the last 5 years. A total of 2 acquisitions came from private equity firms.

NOG’s largest acquisition to date was in 2021, when it acquired Veritas Energy - Permian Basin Assets for $419M. NOG has acquired in 4 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

NOG Business Overview

Where is NOG headquartered?

NOG is headquartered in Minnetonka, Minnesota.

What is NOG’s revenue?

NOG disclosed revenue of 1,907M USD for 2023 and 1,986M USD for 2022.

How many employees does NOG have?

NOG has 38 employees.

What sector is NOG in?

NOG is an oil/gas exploration company.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 4

NOG

Northern Oil and Gas, Inc.

4350 Baker Road, Suite 400,
Minnetonka, Minnesota 55343
United States,
(952) 476-9800
www.northernoil.com

NOG is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana. NOG is based in Minnetonka, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 3 - 1 1 1 1 7
vol $68M $419M $488M
Sell (0.0/yr) # - - - - - - 0
  7

Most Recent M&A

Company Date Value Type
Point Energy Partners - Delaware Basin Assets 2024-07-28 - Stake Purchase
, United States
Novo Oil & Gas - Northern Delaware Basin Permian Assets 2023-06-15 - Stake Purchase
Eddy County, Texas
Veritas Permian II LLC 2022-01-01 - Add-on Acquisition
Westworth Village, Texas
Veritas Energy - Permian Basin Assets 2021-11-16 419M USD Divestiture
Westworth Village, Texas
Flywheel Bakken LLC - Williston Basin Properties 2019-04-22 - Divestiture
Oklahoma City, Oklahoma
W Energy Partners 2018-07-31 - Add-on Acquisition
Dallas, Texas
Pivotal Petroleum Partners LP - North Dakota Business 2018-07-18 68M USD Divestiture
, North Dakota
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 7 (100%) 488M (100%) - -
Total 7 $488M - -

By Geo

State/Country Buy Value Sell Value
United States 7 488M - -
  Texas 4 419M - -
  Oklahoma 1 - - -
  North Dakota 1 68M - -
Total 7 $488M - -

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
BofA Securities
 1
Truist Securities
 1
Legal Deals
Kirkland & Ellis
 3

Deal Values

buy # Total
$100M to $1B 1 $419M
< $100M 1 $68M
TOTAL $488M
Largest Veritas Energy - Permian Basin Assets
$419M (2021-11-16)

M&A Connections

Deals
Acquired from
Investor(s)
29%
2 (29%)
Strategic(s)
71%
5 (71%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

1,907   4% 2023
1,986   104% 2022
975   201% 2021
324   47% 2020
601   22% 2019
494   121% 2018
224   40% 2017
160   2016
(millions of USD) Show More Show Less

Employees

38

Public

NYSE: NOG

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