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Stock impact report

NOG and Infinity Natural Resources Adjust Ownership Split of Pending Joint Ohio Utica Acquisition

Northern Oil and Gas, Inc. (NOG) 
NASDAQ:AMEX Investor Relations: northernoil.com
Company Research Source: Business Wire
HIGHLIGHTSNOG and Infinity Natural Resources (“INR”) announce an ownership adjustment to the pending joint acquisition of the Ohio Utica assets (the “Utica Assets”) of Antero Resources Corporation and Antero Midstream Corporation (collectively, “Antero”)Acquisition stake updated from original announcement, with NOG to acquire an undivided 40% interest in the Utica Assets on identical pro rata terms as originally announced, and INR to acquire an undivided 60% interest in the Utica AssetsNOG’s proportionate share of the purchase price reduced to $480 million from $588 million, reflecting the updated interestNo other changes were made to previously announced post-Closing governance terms, including the area of mutual interest, joint operating or joint development agreements MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the adjustment of ownership splits in connection with its pending joint acquisition of Antero’s Utica As Show less Read more
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