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BRIEF-NOG Announces Joint Acquisition With Vital Energy Of Certain Assets Of Point Energy Partners For $1.1 Billion
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BRIEF-NOG Announces Joint Acquisition With Vital Energy Of Certain Assets Of Point Energy Partners For $1.1 Billion
Jul 28, 2024 3:33 PM

July 28 (Reuters) - Northern Oil and Gas Inc ( NOG ):

* NOG ANNOUNCES SECOND JOINT ACQUISITION WITH VITAL ENERGY

IN THE

DELAWARE BASIN

* NORTHERN OIL: JOINT ACQUISITION WITH VITAL ENERGY, OF

CERTAIN

ASSETS OF POINT ENERGY PARTNERS FOR $1.1 BILLION

* NORTHERN OIL AND GAS INC ( NOG ) - NOG PURCHASING A 20% UNDIVIDED

STAKE

IN POINT ASSETS FOR $220 MILLION IN CASH

* NORTHERN OIL: DEAL TO BE FUNDED BY CASH FLOW FROM

OPERATIONS,

CASH ON HAND & BORROWINGS UNDER SENIOR SECURED REVOLVING CREDIT

FACILITY

* NORTHERN OIL AND GAS INC ( NOG ) - ACQUIRED ASSETS INCLUDE >4,500

BOE

PER DAY OF RECENT PRODUCTION AND ABOUT 4,000 NET LEASEHOLD AND

MINERAL ACRES

Source text for Eikon:

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