One-Page Deal Sheet
Linn Energy Acquires Bakken Property
Linn Energy, Inc Concho Resources, Inc.
Announced Date
February 28,2011
Close Date
March 31,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
196
Asset/Basin:
{"Williston Basin","Bakken Shale"}
TargetZones:
{"Bakken Shale"}
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
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.
One acquisition of non-operated properties marks LINN's entry into the Bakken play, located in the Williston Basin of North Dakota.
The Company signed a definitive purchase agreement to acquire certain oil properties in the Bakken play from Concho Resources for a contract price of $196 million, subject to closing conditions. The Company anticipates this acquisition will close on or before March 31…
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