Earthstone Energy is growing its position in the northern Delaware Basin with a deal to acquire EnCap-backed E&P Novo Oil & Gas with Northern Oil & Gas also buying a third of Novo's working interests for an additional $500 million.
Largest Transaction in Company History to be Highly Accretive to Key Financial Metrics, Adds ~5,600 Net Acres to Delaware Basin Portfolio
HIGHLIGHTS
Joint acquisition with Earthstone. | June 15, 2023
Largest Transaction in Company History to be Highly Accretive to Key Financial Metrics, Adds ~5,600 Net Acres to Delaware Basin Portfolio HIGHLIGHTS Joint acquisition with Earthstone Energy, Inc. ("Earthstone") of