One-Page Deal Sheet
LINN Energy Lets Go of Permian Wolfberry Position
FDL Operating LLC, Fleur De Lis Energy Llc (FDL) Linn Energy, Inc
Announced Date
October 03,2014
Effective Date
August 01,2014
Close Date
November 14,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
350
Asset/Basin:
{"Permian Basin"}
TargetZones:
{Wolfberry}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Midland ,Ector
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - November 14, 2014
LINN Energy, LLC and LinnCo, LLC announced that LINN has closed the previously announced sale of its Wolfberry positions in Ector and Midland counties in the Permian Basin to Fleur de Lis Energy, LLC at a contract price of $350 million, subject to pre- and post-closing purchase price adjustments.
Initial Announcement - October 3, 2014Linn Energy LLC has signed a definitive agreement with Fleur de Lis Energy, LLC to sell its Wolfberry positions in Ector and Midland counties in the Permian Basin for a contract price of $350 million.
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