MINNEAPOLIS–(BUSINESS WIRE)–Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has closed on the previously announced Pivotal Petroleum Partners acquisition.
“Closing this highly accretive acquisition will drive free cash flow generation and strengthen our production base,” commented Northern’s Chief Executive Officer, Brandon Elliott. “This transaction serves to benefit all stakeholders by simultaneously growing cash flow per share and improving our credit metrics.”
Northern closed the previously announced Pivotal Petroleum Partners acquisition with a combination of cash and stock. Information regarding this previously announced acquisition can be found at: http://ir.northernoil.com/news-releases/news-release-details/northern-oil-and-gas-inc-announces-accretive-acquisition-cash.
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.