Kirkland & Ellis advised Northern Oil and Gas, Inc. (NYSE: NOG) in connection with a Joint Development Program with one of Appalachia’s 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.
The Kirkland team included corporate lawyers David Castro Jr., Will Eiland, Patrick Lingwall and Lyle Paul; debt finance lawyer Mary Kogut; and tax lawyer Mark Dundon.
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