One-Page Deal Sheet
LINN Energy Aquires Permian Property For $238 Million
Linn Energy, Inc Concho Resources, Inc.
Announced Date
February 28,2011
Close Date
April 05,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
238
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/Location
Transaction Details: Subscribe to see
LINN Energy, LLC announced today that it signed three definitive purchase agreements to acquire oil properties for a total combined contract price of $434 million, subject to closing conditions.
The Company also signed two definitive purchase agreements to acquire certain oil properties for a total combined contract price of $238 million, subject to closing conditions. The Company anticipates these acquisitions will close during the first week of April 2011. The properties are all located within the Permian Basin and several are located within the Wolfberry trend.
"The bolt-on acquisitions in…
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