North Dakota NEWS

In a $40m and $6m share deal, Northern Oil & Gas Inc has acquired the Williston basin oil production and acreage from Salt Creek Oil & Gas LLC. Salt Creek’s major shareholder, Deutsche Rohstoff AG, said that the transaction value at closing was $63.6m. Northern O&G’s assets in Williston basin include 1,380 boe/d of production and 1,319 acres, held by production with an average net revenue interest of 86%.