oil & gas assets
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BS - Northern Oil & Gas Highlights - April 30, 2019



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Northern Oil & Gas struck a $310.29 million cash-and-stock deal to acquire 18,000 net acres in the Williston Basin from private equitybacked Flywheel Energy (formerly Valorem Energy). The non-op Bakken E&P firm will pick up 18,000 net acres in Mountrail, McKenzie, Williams and Dunn counties, North Dakota. The assets are expected to produce 6,600 boe/d (80% oil) in 2H19 from 86.9 net producing wells. They also include 2.7 net wells in process and 47.5 net undrilled locations. Estimated recoverable reserves are 40.4......
 
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