One-Page Deal Sheet
Northern Oil to Acquire Williston Basin Property for $154 Million
Northern Oil and Gas, Inc. Not Disclosed
Announced Date
October 11,2021
Effective Date
October 01,2021
Close Date
November 16,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
154
Asset/Basin:
["Williston Basin"]
TargetZones:
[]
% Oil:
PDP PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
Williams ,McKenzie ,Mountrail ,Dunn
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
Residual Metrics Residual Value
Transaction Details: Subscribe to see
Northern Oil and Gas Inc. has entered into a definitive agreement to acquire non-operated interests across over 400 producing wellbores located primarily in Williams, McKenzie, Mountrail and Dunn Counties, ND for a purchase price of $154 million in cash.
The seller was not disclosed.
Northern expects to fund the acquisition with cash on hand, operating free cash flow and borrowings under Northern's revolving credit facility.
Deal Details: Production: >4,500 Boe per day of production (2-stream, ~65% oil) Wells: 65.9 net producing wellsNorthern owns existing interests in 84% of the…
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