COMPANY NEWS: Linn Energy to buy Dominion’s US Midcontinent E&P assets

Linn Energy LLC agreed to buy certain natural gas and oil exploration and production operations in the US Midcontinent from Dominion for $2.05 billion.These operations, primarily in Oklahoma, include reserves of 780 bcf of proved gas equivalent as of Dec. 31, 2006. The transaction is expected to close by the end of the third quarter.Separately, Houston independent Tammany Oil & Gas LLC has acquired the Gulf of Mexico shelf divestment package from Dominion Oklahoma Texas Exploration & Production Inc., a subsidiary of Dominion. The purchase price was not disclosed.In other recent company news: McMoRan Exploration Co. agreed to buy all of Newfield Exploration Co.’s producing pr...

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