BRIEF-Vital Energy Says Will Acquire Point Energy's Assets With NOG; Expects To Fund $820 Million Portion-February 2024-www.financetom.com

BRIEF-Vital Energy Says Will Acquire Point Energy's Assets With NOG; Expects To Fund $820 Million Portion

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BRIEF-Vital Energy Says Will Acquire Point Energy's Assets With NOG; Expects To Fund $820 Million Portion

Jul 28, 2024 4:43 PM

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

* VITAL ENERGY TO EXPAND DELAWARE BASIN POSITION THROUGH

BOLT-ON

ACQUISITION

* VITAL ENERGY INC ( VTLE ): TWO COMPANIES WILL ACQUIRE POINT

ENERGY'S

ASSETS IN AN ALL-CASH TRANSACTION FOR TOTAL CONSIDERATION OF

$1.1 BILLION

* VITAL ENERGY INC ( VTLE ): VITAL ENERGY AGREED TO ACQUIRE 80% OF

POINT'S

ASSETS, WITH NOG ACQUIRING REMAINING 20%

* VITAL ENERGY INC ( VTLE ): VITAL ENERGY EXPECTS TO FUND ITS $820

MILLION

PORTION, NET OF EXPECTED PURCHASE PRICE ADJUSTMENTS

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