Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Deals - Acquisition, Mergers, Divestitures

Northern Oil Closes $158MM Bolt-On Deal for Williston Assets

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Tuesday,August 16,2022

Northern Oil and Gas, Inc. announced the closing of its previously announced acquisition of non-operated Williston Basin assets from a private seller.N

NOG closed the Williston Basin acquisition on August 15, 2022. The closing settlement was $158.0 million in cash, which includes a $17.0 million deposit paid at signing in June 2022.

Nick O'Grady, NOG's Chief Executive Officer, said: "NOG continues to execute as the natural consolidator of non-operated properties. This cash-generating, inventory-rich acquisition remains consistent with our mission to build a diversified, national franchise focused on return on capital, low leverage and with robust, growing shareholder returns."


Related Categories :

Deals - Deal Close   

More    Deals - Deal Close News

Rockies News >>>

Williston Basin News >>>