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Announced

Completed

Northern Oil and Gas and Vital Energy completed the acquisition of the Delaware Basin assets from Forge Energy for $540m.

Financials

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Transaction Value£433m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Minority

Private Equity

Friendly

oil and gas

Integrated Oil and Gas

Single Bidder

Cross Border

United States

Completed

Infrastructure

Synopsis

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Northern Oil and Gas, a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, and Vital Energy, an oil and gas company, completed the acquisition of the Delaware Basin assets from Forge Energy, an exploration and production company, for $540m. “This transaction crystallizes NOG’s position as a reliable and consistent partner for the purchase and development of high-quality properties. We are excited to work alongside our partners at Vital to develop the Forge Assets with strong alignment and cooperation," Nick O’Grady, NOG CEO.

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