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

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.