MINNEAPOLIS–(BUSINESS WIRE)–Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has closed on the Salt Creek Oil & Gas, LLC acquisition with a combination of cash and stock. Information regarding this previously announced acquisition can be found at: www.NorthernOil.com/saltcreekannouncement.
“The wells associated with this premier asset continue to be as good, or better, than originally modeled, and drilling proposals for new wells have come in earlier than anticipated,” commented Northern’s Chief Executive Officer, Mike Reger. “In addition, we want to congratulate the principals of Salt Creek Oil and Gas on the sale of this asset. The appreciation of our stock since the announcement in April highlights the value creation not only for Northern’s existing shareholders, but also for the shareholders of Salt Creek.”
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.