Certain Warrants of Northern Oil and Gas, Inc. are subject to a Lock-Up Agreement Ending on 25-NOV-2023.
November 24, 2023
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Certain Warrants of Northern Oil and Gas, Inc. are subject to a Lock-Up Agreement Ending on 25-NOV-2023. These Warrants will be under lockup for 46 days starting from 10-OCT-2023 to 25-NOV-2023.
Details:
Executive officers and directors and affiliates have agreed not to sell or transfer any common stock or securities convertible into, exchangeable for, exercisable for, or repayable with common stock, for 45 days after the date of this prospectus supplement without first obtaining the written consent of Citigroup Global Markets Inc.
Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.