Northern Oil and Gas Inc. (NOG) made a bolt-on acquisition of core northern Delaware Basin properties for an initial purchase price of $157.5 million, the company said in a Sept. 30 release. "The northern Delaware Basin continues to be a key target for our consolidation efforts," NOG president Adam Dirlam commented in the release. Based in Minnetonka, Minn., NOG aims to be the go-to resource for operators that want to offload nonoperated working interests in leasehold. Originally focused in the Williston Basin, the company has also expanded into the Marcellus Shale and Permian Basin through a series of acquisitions.
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