Kirkland & Ellis counseled Northern Oil and Gas on the deal.
Northern Oil and Gas Inc. finalized a definitive agreement to acquire non-operated interests across over 400 producing wellbores primarily in Williams, McKenzie, Mountrail and Dunn counties in North Dakota for $154 million in cash, subject to typical closing adjustments. The assets are operated by multiple operators in the Williston Basin, and Northern holds existing ownership positions in 84 percent of the wellbores acquired.
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States.
The Kirkland team was led by corporate partners David Castro (Picture) and Rahul Vashi and associates Will Eiland, Clayton Hart and Isaac Bate; environmental transactions partner Jonathan Kidwell; and tax partners David Wheat and Joe Tobias.
Involved fees earner: Isaac Bate – Kirkland & Ellis; David Castro – Kirkland & Ellis; William Eiland – Kirkland & Ellis; Clayton Hart – Kirkland & Ellis; Jonathan Kidwell – Kirkland & Ellis; Joe Tobias – Kirkland & Ellis; Rahul Vashi – Kirkland & Ellis; David Wheat – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;
Clients: Northern Oil and Gas, Inc.;