Brief: NOG Announces Joint Acquisition With Vital Energy Of Certain Assets Of Point Energy Partners For $1.1 Billion

Northern Oil and Gas

28/07/2024 23:24

July 28 (Reuters) - Northern Oil and Gas Inc  NOG.N :
    * 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 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 -  ACQUIRED ASSETS INCLUDE >4,500
BOE
PER DAY OF RECENT PRODUCTION AND ABOUT 4,000 NET LEASEHOLD AND
MINERAL ACRES

Source text for Eikon:  ID:nBw1tcJTMa 
Further company coverage:  NOG.N 

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