Locator: 44653PERMIAN.
Locator: 44652B.
NOG: acquires small position in the Permian. Link here. The Permian is tracked here.
- appears to be about 3,000 net acres
- NOG's stake: $162 million
- currently producing at 3,400 boepd, or for NOG's stake, about 1,000 boepd
- $162 million / 3,000 net acres = $54,000 / net acre
- Ward and Reeves counties
NOG: announces public offering.
- 6.65 million shares of common stock
- option: an additional million shares (exact: 997,500 shares)
- ticker NOG: $32 / share
- 32 x 7.65 million = $245 million
NOG: announces pricing of public offering.
- 6.65 million shares, with option for another million shares
- proceeds of $200 million for the initial 6.65 million shares
- $199.5 million / 6.65 million shares = $30 / share
See this post, also, an earlier NOG acquisition in the Permian, 2021.
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