Novo receives equity capital commitment from EnCap
The new upstream company will pursue liquids-rich unconventional assets in the Permian Basin, led by a proven management team.
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Latest news about Novo Oil & Gas (Novo)
Company announcements
Novo announces $1.5B acquisition by Earthstone Energy
The deal includes a concurrent sale of a 33⅓% interest to Northern Oil and Gas, reducing net cost to Earthstone to $1.0 billion, with closing expected in Q3 2023.
Media coverage
Earthstone Energy to buy Delaware Basin-focused Novo Oil & Gas for $1.5 billion | Reuters
Earthstone Energy Inc said on Thursday it would buy Novo Oil & Gas Holdings for $1.5 billion in a bid to boost its presence in...
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