One-Page Deal Sheet
Laredo Petroleum Buys Oklahoman Assets From Linn Energy LLC
Laredo Petroleum Inc. Linn Energy, Inc
Announced Date
July 01,2013
Effective Date
July 01,2008
Close Date
August 15,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
185
Asset/Basin:
{"Anadarko Basin"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Linn Energy, LLC announced today that it has agreed to sell certain of its assets in the Verden area in Oklahoma to Laredo Petroleum, Inc. for cash consideration of $185 million, subject to closing adjustments.
The assets include approximately 50,000 net acres and proved reserves, as estimated by a third-party engineering firm, of approximately 45 billion cubic feet of natural gas equivalent and currently produce approximately 12 million cubic feet of natural gas equivalent per day.
As part of the sale, Linn Energy will retain the option to participate in future qualifying Verden wells…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-27-2025 |
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| Jul-29-2024 |
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| Mar-02-2022 |
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| Nov-10-2021 |
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| May-18-2021 |
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