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Northern Oil and Gas to buy Laredo Midland Basin assets in $110M deal

Permian Basin In West Texas In The Spotlight As Oil Prices Soar

Joe Raedle/Getty Images News

Northern Oil and Gas (NYSE:NOG) said on Wednesday it agreed to acquire assets in Texas' Midland Basin from Laredo Petroleum (NYSE:LPI) for $110M in cash.

The non-operated assets comprise ~1,650 net acres and have expected

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