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Northern Oil and Gas Acquires Williston Basin Properties from VEN Bakken

Published: 04-22-2019

Vinson & Elkins advised Flywheel Bakken, LLC in a definitive agreement whereby Northern Oil and Gas, Inc. will acquire the Williston Basin properties of VEN Bakken, LLC, a wholly-owned subsidiary of Flywheel Bakken, LLC (formerly Valorem Energy).

Total consideration to be paid to the seller consists of $165 million in cash, a $130 million 6% three-year senior unsecured note due 2022 and approximately 5.6 million shares of Northern’s common stock.

The V&E corporate team was led by partners Bryan Loocke and Mike Telle and senior associate Tan Lu, with assistance from associates Mike Marek, Jeremy Tripp, Brittany Smith and Charlie Fitzpatrick. Also advising were partners Guy Gribov and Tzvi Werzberger, senior associate Jason Blackmer and associate Erin Webb; and partner Todd Way, senior associate Julia Pashin and associate Emily Fawcett.


Lawyer Contacts

+1.713.758.3281
bloocke@velaw.com
+1.713.758.2350
mtelle@velaw.com

Media Contact

Melissa Anderson Senior Communications Manager

T +1.713.758.2030
manderson@velaw.com

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