Riviera Resources Inc. is an independent reporting company following the completed spin-off from Linn Energy Inc., Houston. Riviera’s assets are in the Hugoton basin, East Texas, North Louisiana, Michigan and Illinois, the Uinta basin and Midcontinent regions. Riviera also owns Blue Mountain Midstream LLC, a midstream company centered in the core of the Merge play in the Anadarko basin (OGJ Online, July 18, 2018).
Linn stockholders now own a share each of Linn—which owns a 50% equity interest in Roan Resources LLC, focused on development of the Merge-SCOOP-STACK play in Oklahoma—and Riviera (OGJ Online, June 28, 2017).
David B. Rottino, president and chief executive officer of Riviera and former chief financial officer of Linn, became president and chief executive officer of Linn. Mark E. Ellis, the former president and chief executive officer of Linn, retired in connection with the spin-off.