Northern Oil and Gas, Inc. completed the acquisition of Non-Operated Interests in Lea and Eddy Counties, New Mexico.
February 04, 2024
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Northern Oil and Gas, Inc. (NYSE:NOG) entered into an agreement to acquire Non-Operated Interests in Lea and Eddy Counties, New Mexico on November 1, 2023. Acquisitions to be financed with cash on hand, operating free cash flow and borrowings under NOG?s revolving credit facility. Transaction expected to be accretive to key financial metrics in 2024 and on a multi-year basis.
Citi served as financial advisor to NOG. TPH&Co, the energy business of Perella Weinberg Partners acted as a financial advisor to seller. David Castro, William C. Eiland II and Bryan D. Flannery of Kirkland & Ellis LLP acted as a legal advisor to NOG.
Transaction is subject to the satisfaction of typical closing conditions and is expected to close in the first quarter of 2024.
Northern Oil and Gas, Inc. (NYSE:NOG) completed the acquisition of Non-Operated Interests in Lea and Eddy Counties, New Mexico on February 5, 2024
Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.
NORTHERN OIL AND GAS, INC. 
