Linn Energy plans three oil, gas acquisitions

By OGJ editors
HOUSTON, Dec. 14 -- Linn Energy LLC has agreed to acquire a private oil and gas company in the Texas Panhandle for $415 million and two Appalachian basin properties for $39 million in three separate transactions.

The Texas transaction involves a field with a production mix of 55% NGL, 35% gas, and 10% crude oil from more than 820 wells. The acquisition involves estimated proved reserves of 55 MMboe (over 50% proved developed.)

The Appalachian transactions involve more than 55 producing natural gas wells in West Virginia. Those properties have 24-26 bcf of estimated proved reserves, Linn Energy said.

Related Articles

Pioneer to sell Hugoton, Barnett assets in separate deals

08/04/2014 Pioneer Natural Resources Co., Dallas, has agreed to sell all of its assets in both the Hugoton field to Linn Energy LLC, Houston, and the Barnett ...

Linn to purchase acreage from Devon for $2.3 billion

06/30/2014 Linn Energy LLC, Houston, has agreed to acquire assets in five US operating areas from Devon Energy Corp., Oklahoma City, for $2.3 billion, effecti...

XTO, Linn swap Hugoton, Wolfcamp acreage

05/21/2014 XTO Energy Inc., a subsidiary of ExxonMobil Corp., has agreed to acquire 26,000 acres, mostly in the Midland basin, from Linn Energy LLC in exchang...

Linn Energy unit completes merger with Berry Petroleum

12/17/2013 Linn Energy LLC’s subsidiary LinnCo LLC reported the completion of its $4.3 billion merger with Denver-based Berry Petroleum Co., acquiring all of ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected