NOG acquires 25% stake in Canadian light oil assets for $259 million
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NOG Announces Strategic Entry into Canada with Light Oil Duvernay Acquisition; Takes 25% Undivided Stake in Assets with Long-Term Joint Development Agreement
May 26, 2026 6:30 AM EDTHIGHLIGHTS
NOG makes strategic entry into Canada with inventory-rich light oil acquisition in the Duvernay Shale for a CA$350 million (~US$259 million) initial unadjusted purchase price Operated buy-down acquisition of a 25% non-operated stake in light oil producing properties with significant undeveloped inventory... More