Kirkland Represents Northern Oil and Gas on Second Joint Acquisition with Vital Energy in the Delaware Basin

Kirkland & Ellis advised Northern Oil and Gas, Inc. (NYSE: NOG) on its joint acquisition with Vital Energy, Inc. of certain assets (the “Point Assets”) of Point Energy Partners, LLC, a Vortus Investments company, for $1.1 billion. NOG entered into a definitive agreement to acquire a 20% undivided stake in the Point Assets in the Delaware Basin, in partnership with Vital, for a purchase price net to NOG of $220 million in cash, subject to typical closing adjustments. Upon closing, the operator of the assets will be Vital, with NOG participating in development pursuant to cooperation and joint operating agreements entered into with Vital in connection with the acquisition.

Read the transaction press release

The Kirkland team was led by corporate partners David Castro Jr. and Will Eiland and associates Isaac Bate and Mohammad Alkadhem.