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Maroc Maroc - ENERGY PEDIA.COM - 27/Jun 23:12

US: SM Energy announces highly accretive $2.0 billion Uinta Basin acquisition

SM Energy has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources for an unadjusted purchase price of $2.55 billion. Concurrently, Northern Oil and Gas will acquire an undivided 20% of the oil and gas assets of XCL for $510 million, resulting in a $2.04 billion purchase price net to the Company for an undivided 80% interest of the assets.

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