.
MergerLinks Header Logo

Announced

Northern Oil and Gas to acquire Permian Basin for $102m.

Financials

Edit Data
Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Acquisition

Private

Single Bidder

Friendly

Integrated Oil and Gas

sedimentary basin

United States

Pending

Majority

Synopsis

Edit

Northern Oil and Gas, an independent energy company, agreed to acquire Permian Basin for $102m. “These deals are immediately accretive to our enterprise and all relevant per share statistics. As promised, alongside a reduction in leverage ratios, it means an acceleration of our dividend strategy to shareholders, while augmenting our inventory and growth profile,” Nick O’Grady, Northern Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US