Brief: Nog Announces Joint Acquisition With SM Energy

Northern Oil and Gas

27/06/2024 12:09

June 27 (Reuters) - Northern Oil and Gas Inc  NOG.N :
    * 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: TO ACQUIRE A 20% UNDIVIDED STAKE
IN
XCL ASSETS FOR $510.0 MILLION IN CASH
    * NORTHERN OIL AND GAS INC: 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: DEAL WILL BENEFIT PER SHARE NET
PROFIT,
FCF BOTH IMMEDIATELY AND OVER TIME

Source text for Eikon:  ID:nBw8Tl960a 
Further company coverage:  NOG.N 

 ((Reuters.Briefs@thomsonreuters.com;))