Northern Completes Major Acquisition to Enhance Uinta Basin Operations
Northern Oil and Gas(NOG) ZACKS·2024-10-03 19:31
Northern Oil and Gas, Inc. (NOG) has completed the acquisition of significant assets in the Uinta Basin, previously owned by XCL Resources, LLC and Altamont Energy, LLC. This acquisition, finalized on Oct. 1, 2024, represents a critical strategic move for NOG, securing more than a decade of Tier 1 inventory across 15,800 net acres with 116 net underwritten undeveloped locations. The deal further enhances NOG's position in the U.S. energy market by providing a significant growth trajectory. Strategic Partner ...