Announced
Completed
Financials
Tags
Oil Equipment and Services
Majority
Friendly
Domestic
Private
energy services
United States
Acquisition
Single Bidder
Completed
Synopsis
Northern Oil and Gas, an independent energy company, completed the acquisition of the non-operated Permian Basin assets from Veritas Energy, an independent, upstream oil and gas company, for $407m. “The Veritas acquisition caps an incredible twelve months for NOG. We have grown significantly, diversified into multiple basins, substantially de-levered the balance sheet, and instituted a meaningful shareholder return program. The Veritas acquisition, which is the largest in NOG’s history, furthered all of these goals and represents a high-quality addition to our asset base. We remain dedicated to building a low-leverage, diversified company with growing cash returns for our shareholders," Nick O’Grady, Northern Oil and Gas CEO.
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