Northern Oil and Gas, Inc. (NOG) , along with SM Energy Company (SM) , has exercised the option to acquire additional assets in the Uinta Basin. NOG plans to acquire an additional 20% undivided stake in the Uinta Basin assets for an unadjusted price of $17.5 million in cash. These assets were previously owned by Altamont Energy LLC. The newly acquired assets lie adjacent to the ones that NOG already acquired from XCL Resources, LLC. Altamont Energy's assets were in the process of being acquired by XCL Resou ...