Northern Oil & Gas announces joint venture for 2025 Appalachia drilling operations
Northern Oil and Gas announced that it has entered a Joint Development Program with one of Appalachia鈥檚 most capital efficient operators. The program, which covers drilling activities in calendar year 2025, requires a capital commitment from NOG expected not to exceed $160 million for a 15% working interest.
The program provides for participation in Appalachia wells to be spud during 2025 and offers NOG a high degree of visibility and incremental certainty on its 2025 ground game program while adding to its gas inventory.
鈥淣OG鈥檚 ability to offer creative and scaled capital solutions that align with the objectives of our operating partners continues to provide the company with accretive opportunities,鈥 commented Nick O鈥橤rady, NOG鈥檚 Chief Executive Officer. 鈥淭his joint venture deepens our relationship with a substantial operating partner. We believe that our unique market position and strategy enhances our ability to deliver a superior total return option to our stakeholders.鈥
About NOG
NOG is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the contiguous United States.