The Million Dollar Way (The Bakken Oil Blog)

Saturday, July 1, 2023

NOG Acquires More Acreage In The Delaware Basin -- Forge Assets -- Vital Energy -- July 1, 2023

Locator: 44866B.

This deal was closed at the "end of June, 2023."

I can't recall if this has been previously posted.

This was from May 16, 2023:

Northern Oil and Gas, Inc. have announced that it has entered into a definitive agreement to acquire a 30 percent undivided stake in the Forge Assets in the Delaware Basin, in partnership with Vital Energy, Inc., for a purchase price net to NOG of $162.0 million in cash, subject to typical closing adjustments.

The Acquired Assets are primarily located in Ward and Reeves Counties, Texas and include approximately 10,200 net acres, 30.5 net producing wells, 2.3 net wells-in-process and ~20 low-breakeven net undeveloped locations.

Key words: NOG, Delaware Basin, Forge Assets, Vital Energy.

$162 million / 10,200 net acres = $1,600 / acre.

Left Coast Or Right Coast -- July 1, 2023

Locator: 44865INV.

Flashback: refresh your memory. Take a look at this 1960s fixer-upper on the market for $35 million; on a lake that you may not be able to reach in the winter; and whose water level may be so low in the spring, the lake can't float your boat until late June. The house:

Plastic awning -- note the lights. At the link one can see the hummingbird feeder.

Pre-fab?

Now compare that offering with this offering (see below) on the other side of the country where socialists live and where Phil Jackson travels to see the tree leaves change color in the autumn.

The "above" offering, $35 million; the offering shown below, $26 million.

Link here.

So much more at the link.

For Investors Only -- July 1, 2023

Locator: 44864INV.

Dividends: link here.

June 28, 2023: three 5G stocks to target for triple-digit returns in 2023. Link here.

QCOM
AVGO
SWKS

June 15, 2023: top 25 high dividend stocks yielding 4% to 10%. Link here. Of the first ten mentioned, the ones that interest me:

Enbridge
ATT
Kinder Morgan

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.