Reported 3 days ago
Northern Oil and Gas has made multiple acquisition offers for smaller rival Granite Ridge Resources, which operates in U.S. basins such as the Permian and Eagle Ford. The latest bid was reportedly around a 20% premium to Granite Ridge's share price. Although Granite Ridge's management has not accepted the offers yet, Northern remains keen on finalizing a deal, which would mark its largest acquisition to date, potentially expanding its reach across several major shale basins.
Source: YAHOO