Northern Oil and Gas Inc.

ASE:NOG   1:10:09 PM EDT
23.49
-1.19 (-4.82%)
Debt Financing / Related, Divestitures / Spin-offs, Mergers / Acquisitions

Comstock Resources Inc Announces The Divestiture Of Bakken Shale Assets

Published: 10/07/2021 10:41 GMT
Northern Oil and Gas Inc. (NOG) - Comstock Resources, Inc. Announces the Divestiture of Bakken Shale Assets.comstock Resources Inc - Deal for For $154 Million in Cash.comstock Resources Inc - Entered Into an Asset Purchase Agreement With Northern Oil & Gas, Inc. to Sell Its Assets in Bakken Shale.comstock Resources Inc - Expects to Recognize a Pre-tax Loss of $130-$140 Million on Divestiture.comstock Resources Inc - Plans to Re-invest Proceeds From Property Sale Into Its Haynesville Shale Development Program.comstock Resources Inc - May Also Use a Portion of Proceeds to Acquire Additional Leasehold and to Fund Additional Drilling Activity in 2022.