Kirkland & Ellis counseled Northern Oil and Gas Inc. on a definitive agreement to acquire non-operated interests across over 400 producing wellbores primarily in Williams, McKenzie, Mountrail and Dunn counties in North Dakota for $154 million in cash, subject to typical closing adjustments. The assets are operated by multiple operators in the Williston Basin, and Northern holds existing ownership positions in 84 percent of the wellbores acquired.
The Kirkland team was led by corporate partners David Castro and Rahul Vashi and associates Will Eiland, Clayton Hart and Isaac Bate; environmental transactions partner Jonathan Kidwell; and tax partners David Wheat and Joe Tobias.
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