Kirkland & Ellis advised Northern Oil and Gas, Inc. (NOG) on a definitive agreement to acquire certain non-operated interests in the Delaware Basin from Alpha Energy Partners for an initial purchase price of $157.5 million in cash, subject to typical closing adjustments. NOG expects to fund the acquisition with cash on hand, operating free cash flow and borrowings under NOG’s revolving credit facility.
The Kirkland team was led by corporate partners David Castro Jr. and Rahul Vashi.
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