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Northern Oil and Gas to buy 6,750 boe per day of production and 10,600 net acres

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Staff Writer | August 1, 2018
Northern Oil and Gas announced that it has entered into a definitive agreement with W Energy Partners for the largest acquisition in Northern’s history.
Northern Oil and Gas
Oil exploration   $100 million in cash and 56.37 million shares
At closing, the acquisition will represent approximately 6,750 barrels of oil equivalent (Boe) per day of production and 10,600 net acres in the core of the Williston Basin.

Total consideration at closing will consist of $100 million in cash (subject to customary adjustments) and 56.37 million shares of Northern common stock, which will be subject to an equity lock-up feature.