According to Canaccord Adams energy analyst Derrick Whitfield, Northern Oil & Gas will acquire approximately 18,200 net acres in the Bakken
The announcement was made by the company on December 2 at the Canaccord Adams Global Energy Conference.
Regarding the acquisition, Mr. Whitfield, said, "We believe that Northern Oil's core competency is its lease acquisition expertise. Based on these transactions, we continue to stand behind our belief. In our estimate, these acquisitions are accretive on a break-up value basis."
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