Northern Oil (NOG) Expands With Uinta Basin Acquisition

This acquisition is highly accretive to NOG's key financial metrics. It is expected to generate over $170 million in unhedged cash flow from operations in the next 12 months. Additionally, NOG anticipates a strong free cash flow profile with more than $85 million projected over the next year. These robust financial returns will enhance NOG's profitability and free cash flow per share, benefiting shareholders immediately and over the long term. SM Energy, the operator, will manage the development of the acqu ...