Northern Oil and Gas completed the acquisition of the non-operated Permian Basin assets from Veritas Energy for $407m.

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.