Kirkland Advises Northern Oil and Gas in Acquisition in Marcellus Shale

Kirkland & Ellis advised Northern Oil and Gas Inc. in its definitive agreement to acquire certain non-operated natural gas assets in the Appalachian Basin from a subsidiary of Reliance Industries Ltd. The transaction extends Northern’s non-operating model to Appalachia and creates a national non-operated franchise, diversified by region and commodity mix. Kirkland also represented Northern in connection with its acquisition financing transactions, including a public offering of 14,375,000 shares of its common stock and a private placement of $550 million of new 8.125% senior notes due 2028.

Read the Northern press release

The deal was led by transactional partners David Castro Jr. and Chris Heasley, and included transactional associates William Eiland and Christopher Atmar, debt finance partner Mary Kogut Brawley, and capital markets partners Matt Pacey and Bryan Flannery, and associate Ieuan List.