Northern Oil and Gas Inc. (NOG) has entered two deals to acquire interests in upstream assets in the Permian Basin’s Delaware formation and Utica Shale for a combined $170 million in cash.

Minneapolis-based NOG specializes in acquiring non-operated minority working and mineral interests in Lower 48 basins.

In the Permian Delaware, NOG entered a deal with an unnamed private party to acquire stakes across roughly 3,000 net acres primarily in New Mexico’s Lea and Eddy counties. NOG owns existing interests in about 90% of the leasehold, where current production is estimated at 2,800 boe/d (67% oil).

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