Minnetonka, MN-based independent Northern Oil and Gas Inc. is looking to expand its Lower 48 oil and natural gas production this year after a slew of dealmaking in the final three months of 2020, including four transactions in the Permian Basin.

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Management said in an update on activity that it saw “steady and continued improvement in operations” throughout the final three months of 2020, as operators were returning shut-in and curtailed volumes at a steady rate. 

Northern works primarily in the Williston and Permian basins.

“Our team quietly executed throughout even the most challenging periods of 2020, adding high quality inventory and development with strong upfront returns and convexity to better pricing, one small deal at a time,” CEO Nick O’Grady...