The acreage and assets, which average approximately 5,000 boe/d, are in predominantly contiguous leaseholds spanning 160,000 net acres across Converse, Campbell and Johnson counties, Wyoming. The deal by private-equity firm OneRock, an investment arm of Pan Management, was initially announced in June.
With backing by Apollo, Northwoods added more than 112,000 acres in the Powder River Basin through a $500 million acquisition from SM Energy Co. in 2018.
Willkie Farr & Gallagher LLP acted as legal adviser to OneRock.
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