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Announced

Completed

NOG completed the acquisition of the Delaware Basin non-operated interests of Alpha Energy Partners for $155m.

Financials

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Transaction Value£129m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

Domestic

Acquisition

United States

Friendly

Private

oil and gas

Majority

Single Bidder

Completed

Synopsis

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Northern Oil and Gas, an independent energy company, completed the acquisition of the Delaware Basin non-operated interests of Alpha Energy Partners, an oil and natural gas company, for $155m. “These assets are poised to deliver substantial growth over the coming years, with some of the lowest cost inventory we have acquired, tied to our top operators in the Permian. We remain focused on our mission to allocate capital efficiently, grow our enterprise to bolster long-term returns on capital employed, and increase shareholder returns in kind," Adam Dirlam, NOG President.

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