Northern Oil and Gas, Inc. (NOG) has announced a definitive agreement to acquire a 20% stake in the Point Assets in the Delaware Basin. This acquisition is in partnership with Vital Energy, Inc. (VTLE) , an oil and gas exploration and production company based in Tulsa, OK, which will purchase the remaining 80% stake. The total transaction value is $1.1 billion, with Vital Energy contributing approximately $820 million and Northern Oil and Gas providing $220 million.Overview of the Acquired AssetsLocation an ...