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0 0.00201207243460767 0.00201207243460767 0.00201207243460767 0 0.00965794768611664 -0.00925553319919519 0.0044265593561368
Stock impact report

NOG Announces $1.2 Billion Joint Acquisition with Infinity Natural Resources: Acquiring Premier Utica Upstream Assets with Fully Integrated, Scaled Midstream Assets; Considerably Enhances ...

Northern Oil and Gas, Inc. (NOG) 
NASDAQ:AMEX Investor Relations: northernoil.com
Company Research Source: Business Wire
HIGHLIGHTSNOG to partner with Infinity Natural Resources (“Infinity”) to purchase the Ohio Utica assets (the “Utica Assets”) of Antero Resources Corporation and Antero Midstream Corporation (collectively, “Antero”), for a combined unadjusted purchase price of $1.2 billion in cash (the “Purchase Price”)NOG’s non-operated interest will represent a 49% undivided ownership in the Utica Assets (the “Acquired Assets”) for $588 million in cash, with 67% of the Purchase Price allocated to the upstream assets and 33% of the Purchase Price allocated to the midstream assetsUpstream comprised of ~35,000 acres net to NOG with exposure to dry gas, rich gas, and condensate production and future development locationsMidstream comprised of over 140 miles of low- and high-pressure gathering pipelines, compression and 90 miles of water sourcing and handling systems that are ready-built to immediately service development inventoryEstimated 2026 production net to NOG of ~65 MMcfe per day (2-stream, 92% ga Show less Read more
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