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Linn Talks Q2 Roan Activity; Finalizes Separation into Two Companies

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   |    Monday,August 27,2018

LINN Energy reported its Q2 2018 results.

Roan Resources Q2 Ops

LINN detailed Roan's Q2 drilling activity and IP30 rates from several of its wells:

Separation into Two Companies Finalized

LINN finalized its separation into two companies (LINN and Riviera Resources) on August 7, 2018.

Details of Spin Off:

  • LINN, which owns a 50% equity interest in Roan Resources LLC, which is focused on the accelerated development of the Merge/SCOOP/STACK play in Oklahoma
  • Riviera, an independent oil and gas company with a strategic focus on efficiently operating its mature low-decline assets, developing its growth-oriented assets, and returning capital to shareholders. Riviera's assets consist of:
    • LINN's legacy properties located in the Hugoton Basin, East Texas, North Louisiana, Michigan/Illinois, the Uinta Basin and Mid-Continent regions; and
    • Blue Mountain Midstream LLC, a midstream company centered in the core of the Merge play in the Anadarko Basin.

 

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