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