Northern Oil and Gas, Inc. Jointly Acquires 20% Stake in XCL Assets with SM Energy
Acquiring Company
Northern Oil and Gas
Acquired Company
XCL Resources
MinneapolisDenverHoustonEnergyOil And GasEnergyOil And GasBiomass EnergyOil And GasDescription
Northern Oil and Gas, Inc. (NOG) has entered into a definitive agreement to jointly acquire a 20% undivided stake in the XCL Assets in partnership with SM Energy Company for a purchase price of $510.0 million. The Acquired Assets are located primarily in Uintah and Duchesne Counties, Utah and upon closing, the operator of substantially all of the assets will be SM, with NOG participating in development pursuant to cooperation and joint development agreements entered into in connection with the acquisition.
Quick answer
Northern Oil and Gas and SM Energy Company are acquiring XCL Resources, announced June 27, 2024. Northern Oil and Gas is based in Minneapolis, Minnesota, United States.
- How much did Northern Oil and Gas pay for XCL Resources?
- The deal value was not disclosed.
- What does Northern Oil and Gas do?
- Northern Oil and Gas, Inc. (NOG) is a real asset company with a primary strategy of acquiring and investing in non-operated minority working and mineral interests in the premier hydrocarbon producing basins within the..
- Where are Northern Oil and Gas and XCL Resources based?
- Northern Oil and Gas is based in Minneapolis, Minnesota, United States. XCL Resources is based in Houston, Texas, United States.
- Who are the decision-makers at Northern Oil and Gas?
- Fundz holds 1 contact at Northern Oil and Gas. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired XCL Resources?
XCL Resources was acquired by Northern Oil and Gas, based in Minneapolis. The deal was reported on June 27, 2024. Northern Oil and Gas, Inc. Northern Oil and Gas is privately held and operates in Energy.
When did Northern Oil and Gas acquire XCL Resources?
Northern Oil and Gas's acquisition of XCL Resources was reported on June 27, 2024. Northern Oil and Gas, Inc. (NOG) has entered into a definitive agreement to jointly acquire a 20% undivided stake in the XCL Assets in partnership with SM Energy Company for a purchase price of $510.0 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does XCL Resources do?
XCL Resources is an oil and gas company that offers risk-adjusted returns on assets that require efficient development. It is privately held, operating in Oil And Gas, and is based in Houston.
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