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Northern Oil and Gas Inc. has closed its previously announced acquisition of non-operated Permian Basin assets from Veritas Energy.
Nick O'Grady, NOG's Chief Executive Officer, said: "The Veritas acquisition caps an incredible twelve months for NOG. We have grown significantly, diversified into multiple basins, substantially de-levered the balance sheet, and instituted a meaningful shareholder return program. The Veritas acquisition, which is the largest in NOG's history, furthered all of these goals and represents a high-quality addition to our asset base. We remain dedicated to building a low-leverage, diversified company with growing cash returns for our shareholders."
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