Northern Oil and Gas to acquire 20% Uinta Basin stake from XCL for $510M

NORTHERN OIL & GAS, INC.

NOG to pay approximately $510M cash for 20% undivided interest in Uinta Basin oil and gas assets from XCL.
Acquisition made in conjunction with SM Energy Company under a Cooperation Agreement dated June 27, 2024.
Assets are located in Utah; sellers include XCL AssetCo, XCL Marketing, Wasatch Water Logistics, XCL Resources, XCL SandCo.
Purchase price subject to customary adjustments; no expected close date specified.

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