Northern Oil and Gas (NOG) has announced an important step in its growth strategy by acquiring a 20% stake in the Uinta Basin assets, marking the largest transaction in the independent upstream company's history. Partnering with another energy explorer SM Energy Company (SM) , this joint acquisition involves a combined purchase price of $2.55 billion, with NOG's share amounting to $510 million. This transaction promises substantial financial and operational benefits for NOG. The company plans to fund this a ...