Northern Says EQT Buying Small Portion of Reliance JV Deal

In early February, Northern Oil and Gas, Inc., a company that invests in non-operated oil and gas assets (they let others do the drilling), announced it had purchased 64,000 net acres producing ~120 MMcfe/d (million cubic feet equivalent per day) in the Marcellus/Utica from Reliance Industries Limited (see Northern O&G Buys 64K Acres of RIL’s Non-Op M-U Assets for $250M). EQT was partners with RIL in that acreage and has exercised a right to buy some of the acreage rather than let it go to Northern. EQT's action will shave about 2,200 acres off the deal with Northern.

---

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