NOG completed the acquisition of a 39.95% stake in the Mascot Project from Midland-Petro DC Partners for $320m.

Northern Oil and Gas, a non-operated working interest franchise in the premier shale basins across the US, completed the acquisition of a 39.95% stake in the Mascot Project from Midland-Petro DC Partners, a private oil and gas company, for $320m. “With this transaction, we showcase NOG’s expanding capabilities. Beyond just a consolidator of non-operated interests, NOG is proving itself to be an adept and preferred partner for the development of high-quality assets. This transaction carries a clear and strong development plan that should deliver substantial returns for our investors. Mr. Arrington and his team have dedicated over five years to developing this project, and we would like to thank him and his stellar operating team for the opportunity to help see it through," Nick O’Grady, NOG CEO.