1.Northern Oil and Gas Inc.continued its buildout in the core of the Williston Basin,the company said July 31,through the acquisition of 400 acres primarily operated by ConocoPhillips Co.,Continental Resources Inc.and WPX Energy Inc.In exchange for $3.2 million in cash and approximately 2.95 million shares of its common stock,Northern Oil and Gas will acquire nonoperated interests in producing properties,wells-in-process and acreage from multiple counterparties.The company also agreed to pay up to 450,000 additional shares tied to the fate of the Dakota Access Pipeline.Earlier this year,Northern,which touts itself as being the largest Williston Basin nonoperator,agreed to a $1.5 million-cash purchase of non-operated interests in core Williston Basin properties operated by WPX Energy.The transaction was expected to close July 1.
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