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Announced

Completed

Northern Oil and Gas completed the acquisition of Midland Basin properties for $110m.

Financials

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Transaction Value£91m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Oil: Crude Producers

Private

Majority

Friendly

Acquisition

oil producer

United States

Domestic

Single Bidder

Completed

Synopsis

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Northern Oil and Gas, an independent energy company, completed the acquisition of Midland Basin properties for $110m. “We continue to focus on a balanced approach to growing our enterprise, with a focus on quality and low-breakeven economics. NOG continues to build a stronger, more diversified company built to drive higher shareholder returns for the long term," Nick O’Grady, NOG CEO.

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