Northern Oil and Gas - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Northern Oil and Gas M&A Summary

Northern Oil and Gas has acquired 4 companies, including 3 in the last 5 years.

Northern Oil and Gas’ largest acquisition to date was in 2021, when it acquired Veritas Energy - Permian Basin Assets for $419M. Northern Oil and Gas has acquired in 3 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Northern Oil and Gas Business Overview

Where is Northern Oil and Gas headquartered?

Northern Oil and Gas is headquartered in Minnetonka, Minnesota.

What is Northern Oil and Gas’ revenue?

Northern Oil and Gas disclosed revenue of 975M USD for 2021 and 324M USD for 2020.

How many employees does Northern Oil and Gas have?

Northern Oil and Gas has 25 employees.

What sector is Northern Oil and Gas in?

Northern Oil and Gas is an oil/gas exploration company.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 4

Northern Oil and Gas

Northern Oil and Gas, Inc.

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

Northern Oil and Gas 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. Northern Oil and Gas is based in Minnetonka, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 2 - 1 - 1 - 4
vol $68M $419M $488M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Novo Oil & Gas - Northern Delaware Basin Permian Assets 2023-06-15 - Stake Purchase
Eddy County, 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
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 4 (100%) 488M (100%) - -
Total 4 $488M - -

By Geo

State/Country Buy Value Sell Value
United States 4 488M - -
  Texas 2 419M - -
  Oklahoma 1 - - -
  North Dakota 1 68M - -
Total 4 $488M - -

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
BofA Securities
 1
Truist Securities
 1
Legal Deals
Kirkland & Ellis
 2

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
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

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

25

Public

NYSE: NOG

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