Northern Oil & Gas Enters Material Definitive Agreement
Ticker: NOG · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1104485
| Field | Detail |
|---|---|
| Company | Northern Oil & Gas, Inc. (NOG) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $510.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, oil-gas
Related Tickers: NOG
TL;DR
NOG just signed a big deal, details to come.
AI Summary
Northern Oil & Gas, Inc. announced on June 27, 2024, that it entered into a material definitive agreement. The company, formerly known as Kentex Petroleum Inc., is headquartered in Minnetonka, Minnesota, and operates in the crude petroleum and natural gas sector.
Why It Matters
This filing indicates a significant business transaction for Northern Oil & Gas, Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities that require careful evaluation.
Key Players & Entities
- NORTHERN OIL & GAS, INC. (company) — Registrant
- Kentex Petroleum Inc. (company) — Former company name
- Minnetonka, Minnesota (location) — Principal executive offices
- June 27, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Northern Oil & Gas, Inc.?
The filing states that Northern Oil & Gas, Inc. entered into a material definitive agreement on June 27, 2024, but the specific details of this agreement are not provided in this excerpt.
When was the earliest event reported in this Form 8-K?
The earliest event reported in this Form 8-K occurred on June 27, 2024.
What is the principal executive office address for Northern Oil & Gas, Inc.?
The principal executive offices of Northern Oil & Gas, Inc. are located at 4350 Baker Road, Suite 400, Minnetonka, Minnesota 55343.
What was Northern Oil & Gas, Inc. formerly known as?
Northern Oil & Gas, Inc. was formerly known as Kentex Petroleum Inc.
What is the Standard Industrial Classification code for Northern Oil & Gas, Inc.?
The Standard Industrial Classification code for Northern Oil & Gas, Inc. is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 737 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-06-28 17:05:30
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 NOG New York Stock Exchange Indica
- $510.0 million — ange for consideration of approximately $510.0 million in cash, subject to certain customary p
Filing Documents
- d792755d8k.htm (8-K) — 29KB
- 0001193125-24-172411.txt ( ) — 148KB
- nog-20240627.xsd (EX-101.SCH) — 3KB
- nog-20240627_lab.xml (EX-101.LAB) — 18KB
- nog-20240627_pre.xml (EX-101.PRE) — 11KB
- d792755d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits. Exhibit No. Description Reference 2.1* Acquisition and Cooperation Agreement, dated as of June 27, 2024, by and between SM Energy Company and Northern Oil and Gas, Inc. Incorporated by reference to Exhibit 10.2 to SM Energy Company's Current Report on Form 8-K (File No. 001-31539) filed with the Securities and Exchange Commission on June 28, 2024 2.2* Purchase and Sale Agreement, dated as of June 27, 2024, by and among XCL AssetCo, LLC, XCL Marketing, LLC, Wasatch Water Logistics, LLC, XCL Resources, LLC and XCL SandCo, LLC, as seller, SM Energy Company, as purchaser, and Northern Oil and Gas, Inc. (solely for the purposes of ratifying certain provisions therein). Incorporated by reference to Exhibit 10.1 to SM Energy Company's Current Report on Form 8-K (File No. 001-31539) filed with the Securities and Exchange Commission on June 28, 2024 104 The cover page from this Current Report on Form 8-K, formatted in inline XBRL Filed herewith * Certain schedules and exhibits have been omitted in accordance with Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the Securities and Exchange Commission upon request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 28, 2024 NORTHERN OIL AND GAS, INC. By /s/ Erik J. Romslo Erik J. Romslo Chief Legal Officer and Secretary