Northern Oil and Gas Expands with Strategic Uinta Basin Acquisition

The latest update is out from Northern Oil And Gas ( (NOG) ).

Northern Oil and Gas, Inc. (NOG) has successfully completed its acquisition of Uinta Basin assets, acquiring a 20% interest for $511.2 million in cash. This strategic move expands NOG’s footprint by over 15,800 net acres and adds approximately 116 net undeveloped locations with significant exploration potential. The transaction, which was in partnership with SM Energy, Inc., includes long-term cooperation and development agreements, cementing NOG’s commitment to growth in the premier hydrocarbon producing basins of the United States.

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