Northern acquires non-operated natural gas assets in Appalachian Basin
Monday, February 8, 2021
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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