XTO Energy acquires Marcellus shale leasehold

By OGJ editors
HOUSTON, Apr. 15 -- XTO Energy Inc. agreed to acquire producing properties, pipeline, and leasehold acreage from Linn Energy LLC for $600 million.

The purchase includes 152,000 net acres of Marcellus shale leasehold in western Pennsylvania and West Virginia. XTO estimates proved reserves to be 145 bcfd of gas equivalent from the shallow Mississippian and Devonian reservoirs.

The acquisition will add 25 MMcfd to XTO's production base. The pipeline and gathering facilities included in the transaction are valued at $50 million.

The acquisition is scheduled to close on or before Jul. 1.

Related Articles

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 ...

Ellis appointed president of Linn Energy

12/14/2007 Linn Energy LLC, Houston, appointed Mark E. Ellis president, succeeding Michael C. Linn. Ellis is also chief operating officer.

Linn Energy to buy Dominion's Midcontinent E&P assets

07/02/2007 Linn Energy LLC agreed to buy certain natural gas and oil exploration and production operations in the MidContinent from Dominion for $2.05 billion.

IOGCC: US states seize opportunities to maximize oil, gas production

05/07/2007 US oil and gas-producing states must continue to work together to explore for and develop oil and gas resources and maximize production with a high...

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