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Northern acquires non-operated natural gas assets in Appalachian Basin

Monday, February 8, 2021 by

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Northern Oil and Gas, Inc. will acquire certain non-operated natural gas assets in the Appalachian Basin from Reliance Marcellus, LLC, according to Business Wire.

The transaction extends Northern’s non-operating model to Appalachia, complementing the company’s existing 183,000 Williston and Permian net acres with 64,000 net acres in Appalachia. Furthermore, it creates a national non-operated franchise, diversified by region and commodity mix.

EQT will operate 95% of the newly acquired assets.

Learn more: BusinessWire > Northern Oil and Gas, Inc. Announces Transformational Acquisition in the Marcellus Shale

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