Each one in plain English, with the numbers worked through for a shareholder.
2 July 2019asset acquisition disposition▲ GoodMajor
Northern Oil & Gas made its biggest Williston Basin purchase yet, buying VEN Bakken's North Dakota assets (about 88 net producing wells, 18,000 net acres) for $170.1 million cash, 5.6 million shares, and a $130 million seller-financed note - continuing the string of Bakken bolt-ons that began with Pivotal and W Energy in 2018.
Northern Oil and Gas finished settling the price-protection ('true-up') provisions from its 2018 note-exchange agreements, issuing about 5.25 million more shares between April and June 2019 - closing out the year-long note-for-equity restructuring with only a small residual obligation (capped at $3.6 million) remaining.
NORTHERN OIL & GAS, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Northern Oil and Gas announced on May 9, 2019 that it had issued a press release with its first quarter 2019 financial and operating results. The press release itself was an exhibit and its figures were not in this filing.
Northern Oil and Gas agreed to acquire Williston Basin assets from VEN Bakken (a Kayne Private Energy Income Funds portfolio company) for $165 million cash, 5.6 million shares, and a $130 million seller promissory note - its third major bolt-on acquisition of 2018-2019, this one partly seller-financed.
Northern Oil and Gas sent stockholders its proxy statement for the May 23, 2019 annual meeting. Holders were asked to elect eight directors, ratify Deloitte & Touche as auditor and give an advisory vote on executive pay.