Earthstone Energy to acquire Novo Oil & Gas in strategic Delaware Basin expansion
Earthstone Energy has inked an agreement to purchase Novo Oil & Gas Holdings, a private exploration and production (E&P) company focused on the Delaware Basin, for $1.5 billion. At the same time, Northern Oil and Gas will acquire a 33⅓% stake in Novo Oil & Gas’ oil and gas assets from Earthstone Energy for $0.5 […]