Northern Oil and Gas Inc. Founder Michael Reger is stepping down as president to pursue opportunities outside the Williston Basin, the Bakken nonop company said Aug. 1.

Reger founded the Minnetonka, Minn.-based company in 2006 as a pioneer of the public, nonoperated business model. He had been ousted from Northern in August 2016, but rejoined the company’s executive team last year.

Northern said Reger’s departure on Aug. 1 is amicable.

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