Vital Energy and Northern Oil acquire Point Energy Partners' Delaware Basin assets in a $1.1bn deal.
Vital Energy and Northern Oil and Gas announce a joint acquisition of Point Energy Partners' assets in the Delaware Basin, significantly expanding their operational scale. The all-cash transaction, worth $1.1bn, sees Vital Energy acquire 80% of Point's assets, with Northern Oil and Gas acquiring the remaining 20%. The deal is expected to close by the end of Q3 2024, subject to closing conditions.
July 28, 2024
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