Kirkland Advises Northern Oil and Gas, Inc. on Additional Core Northern Delaware Basin Bolt-on Acquisition
Kirkland & Ellis advised Northern Oil and Gas, Inc. (NOG) on a definitive agreement to acquire certain non-operated interests in the Delaware Basin from a private seller for a purchase price of $130.0 million in cash, subject to typical closing adjustments. The acquired assets are located in Lea and Eddy Counties, New Mexico and Loving and Winkler Counties, Texas, and include approximately 2,100 net acres, 5.3 net producing wells, 2.1 net wells-in-process and approximately 17.2 net undeveloped locations.
The Kirkland team was led by corporate partners David Castro Jr., Rahul Vashi and Fraser Wayne and associates Matt Gibson and Clayton Hart.
