Northern O&G Buys 64K Acres of RIL’s Non-Op M-U Assets for $250M

| | | | | | |
Northern Oil and Gas, Inc., a company that invests in non-operated oil and gas assets (they let others do the drilling), announced yesterday it has purchased 64,000 net acres producing ~120 MMcfe/d (million cubic feet equivalent per day) in the Marcellus/Utica from Reliance Industries Limited (RIL). The cash purchase price is $250 million.

To view this content, log into your member account. (Not a member? Join Today!)