Northern Oil and Gas to buy 6,750 boe per day of production and 10,600 net acresStaff 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.
Oil exploration $100 million in cash and 56.37 million shares
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. ■