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

Northern Oil and Gas

28/07/2024 23:27

July 28 (Reuters) - Northern Oil and Gas Inc  NOG.N :
    * VITAL ENERGY TO EXPAND DELAWARE BASIN POSITION THROUGH
BOLT-ON
ACQUISITION
    * VITAL ENERGY INC: TWO COMPANIES WILL ACQUIRE POINT
ENERGY'S
ASSETS IN AN ALL-CASH TRANSACTION FOR TOTAL CONSIDERATION OF
$1.1 BILLION
    * VITAL ENERGY INC: VITAL ENERGY AGREED TO ACQUIRE 80% OF
POINT'S
ASSETS, WITH NOG ACQUIRING REMAINING 20%
    * VITAL ENERGY INC: VITAL ENERGY EXPECTS TO FUND ITS $820
MILLION
PORTION, NET OF EXPECTED PURCHASE PRICE ADJUSTMENTS

Source text for Eikon:  ID:nGNX3NwJMD 
Further company coverage:  NOG.N 

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