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Linn Energy Acquires Appalachian Properties

Linn Energy, Inc XTO Energy Inc.
AnnouncedApr 15, 2008
Announced Date
April 15,2008
Effective Date
April 01,2008
Close Date
July 01,2008
Enterprise Value (EV)($MM)
600




Snapshot
Asset/Basin:
{"Appalachian Basin"}
TargetZones:
{"Marcellus Shale",M
Net Acres
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Location
Region
Northeast

Country
United States

State
Pennsylvania


Transaction Details:  Subscribe to see

Linn Energy, LLC today announced that it has closed the previously announced sale of its oil and gas properties in the Appalachian Basin to XTO Energy Inc. for the contract price of approximately $600 million. We have achieved another important step in optimizing our asset base to focus on low risk development opportunities, said Michael C. Linn, Chairman and Chief Executive Officer of Linn Energy. The closing of the Appalachian sale and the anticipated closing of the Verden property sale, as well as the recent bond offering, will provide significant financial flexibility that can be used to…


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United States Deal Activity In Last 12 Months


Other Northeast Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-24-2020 - - Click here Pennsylvania  E&P
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Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-02-2026 - - Click here Pennsylvania  E&P
Apr-22-2025 - - Click here Pennsylvania  E&P
Dec-05-2024 - - Click here Pennsylvania  E&P
Oct-29-2024 - - Click here Pennsylvania  E&P
Jan-11-2024 - - Click here Pennsylvania  E&P

Price History


Date Deal Headline Price$/acre
Feb-02-2026 Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank -   32,229
Apr-22-2025 EQT Acquires Olympus Energy Assets For $1.8 Billion -   20,000
Dec-05-2024 CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM -   14,028