Northern Oil and Gas Inc. on Sept. 10 made its first acquisition outside of the Williston Basin, where the company touts itself as being the largest nonoperator.

In a company release, Northern said it acquired nonoperated interests within the Delaware Basin from an undisclosed seller. The deal includes acreage and proposed wells in New Mexico’s Lea County operated by EOG Resources Inc., a top Permian producer.

Based in Minnetonka, Minn., Northern invests in nonoperated minority working and mineral interests in oil and gas properties as part of its strategy as “the natural consolidator of nonoperated working interests,” according to Northern CEO Nick O’Grady.

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