Light Oil Duvernay Assets Acquired by NOG | Energy M&A Deal

NOG has acquired Light Oil Duvernay Assets, a oilfield services business in Canada. NOG acquisitions focus on developing light oil resources in the Duvernay formation through long-term joint development arrangements tied to the acquired assets. The Light Oil Duvernay Assets acquisition supports NOG’s strategic entry into Canadian upstream operations and related services. NOG, a strategic buyer, took a 25% undivided stake in the assets under an other acquisition structure with a long-term joint development agreement, with deal size undisclosed and status announced.