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Stock impact report

NOG Provides Third Quarter Update

Northern Oil and Gas, Inc. (NOG) 
NASDAQ:AMEX Investor Relations: northernoil.com
Company Research Source: Business Wire
Acquires Core Uinta Basin Royalty and Minerals Bolt-on with Significant Inventory; Executes on Additional Ground Game; Well Performance Driving Increased Production Guidance MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today provided an update on a number of business matters, including a recent bolt-on acquisition, an update on ground game transactions, capital expenditure and production guidance and other third quarter information.UINTA ROYALTY AND MINERAL ACQUISITION HIGHLIGHTS$98.3 million initial closing settlement for non-budgeted bolt-on acquisition of producing royalty and mineral interests with significant undeveloped inventory in Duchesne and Uintah CountiesSubstantially all of the assets reside under NOG’s existing Uinta footprint, operated by SM Energy~1,000 net royalty acres (~8,000 royalty acres standardized to 1/8th royalty) with significant inventory of over 400 gross locationsAverage net revenue interest of ~1.3% on a Show less Read more
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