TRANSACTION HIGHLIGHTS

摘要

Northern Oil and Gas Inc.said July 2 that it closed its $310 million deal to acquire nonoperated Williston Basin assets from Flywheel Energy LLC.The nonop-focused E&P,based in Minneapolis,acquired about 18,000 net acres,100% HBP.Production from 86.9 net producing wells included in the acquisition was expected to reach about 6,600 barrels of oil equivalent per day(boe/d)during the second half of 2019.Northern agreed to pay $165 million in cash,assume a $130 million,three-year senior unsecured note due 2022 and transfer roughly 5.6 million shares of Northern's common stock to Flywheel for the interests.Northern said it did not anticipate accessing the public equity or debt markets for the transaction.C Energy Corp.agreed July 2 to sell subsidiary Columbia Midstream Group and its gas gathering and processing assets in the Appalachian Basin to UGI Energy Services LLC in a deal valued at US$1.3 billion.UGI will pay the Canadian company roughly $1.3 billion for the U.S.midstream assets,which include four natural gas gathering systems and an interest in a company with gathering,processing and liquids assets.The acquisition of the Columbia assets will help UGI Energy Services to achieve its goal of building”a midstream business of scale,”said John L.Walsh,president and CEO of UGI.