Northern Oil & Gas to Add Veritas Permian Assets in Largest Acquisition To Date
Transaction Type
Buyers
Basin
Permian Basin; Delaware Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
$537.7MM
Description
Acquired Veritas Energy’s nonop position covering 6,000 net acres in the Permian Basin (about 70% Delaware) with current production of about 9,100 boe/d (2-stream basis, 60% oil) and an estimated proved developed PV-10 of roughly $429 million.