June 27 (Reuters) - Northern Oil and Gas Inc ( NOG ):

* NOG ANNOUNCES JOINT ACQUISITION WITH SM ENERGY; ENTERING

THE

UINTA BASIN WITH THE LARGEST TRANSACTION IN COMPANY HISTORY;

HIGHLY ACCRETIVE TO KEY FINANCIAL METRICS

* NORTHERN OIL AND GAS INC ( NOG ): TO ACQUIRE A 20% UNDIVIDED STAKE

IN

XCL ASSETS FOR $510.0 MILLION IN CASH

* NORTHERN OIL AND GAS INC ( NOG ): SM ENERGY PURCHASING UINTA BASIN

ASSETS OF XCL RESOURCES FOR A COMBINED UNADJUSTED PURCHASE PRICE

OF $2.55 BILLION IN CASH

* NORTHERN OIL AND GAS ( NOG ): DEAL WILL BENEFIT PER SHARE NET

PROFIT,

FCF BOTH IMMEDIATELY AND OVER TIME

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