Northern Oil And Gas (NOG) Announces Core Permian Basin Bolt-On Acquisitions
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Northern Oil and Gas, Inc. Announces Core Permian Basin Bolt-On Acquisitions
June 16, 2021 4:15 PM EDTHIGHLIGHTS
$102.2 million of bolt-on acquisitions in the Delaware Basin Includes 2,900 core Permian acres in Reeves, Lea and Eddy Counties 3,700 Boe per day (two-stream) expected in the second half of 2021 Forward 1-year cash flow from operations expected to exceed $40 million at current strip pricing (assuming August 1, 2021 closing), or approximately 2.5x the purchase price Over $100 million of cumulative free cash flow expected from the assets through 2025 Transaction, inclusive of contemplated financings, expected to be accretive to TEV / EBITDA, Debt / EBITDA, free cash flow and cash flow per share... More
