June 27 (Reuters) - SM Energy ( SM ) said on Thursday it had
agreed to buy some assets of shale-focused producer XCL
Resources for about $2 billion from private equity firm EnCap
Investments.
Northern Oil and Gas ( NOG ) would also buy 20% of the oil
and gas assets of XCL for $510 million, resulting in a total
deal value of $2.55 billion.
(Reporting by Seher Dareen in Bengaluru; Editing by Sriraj
Kalluvila)