Kirkland Advises Northern Oil and Gas on $110 Million Acquisition of Midland Basin Properties
Kirkland & Ellis counseled Northern Oil and Gas, Inc. (NYSE: NOG) (NOG) on its agreement to acquire high oil cut, core non-operated working interest properties in the Midland Basin for a purchase price of $110 million in cash, subject to typical closing adjustments. NOG expects to fund the acquisition with cash on hand, operating free cash flow and borrowings under NOG’s revolving credit facility.
The Kirkland team included corporate partners David Castro Jr. and Rahul Vashi and associates Alia Heintz, Matt Gibson and Braxton Smith; environmental transactions partner James Dolphin and of counsel Jennifer Cornejo; tax partner Mark Dundon and associate Victoria Chang; capital markets partner Bryan Flannery and associate Ieuan List; and debt finance partner Mary Kogut and associate Lauren Croft.
