One-Page Deal Sheet
Linn Energy Acquires Blacksand Energy and Kaiser-Francis Oil Co. Assets
Linn Energy, Inc Blacksand Energy Llc, Kaiser-Francis Oil Company
Announced Date
September 06,2007
Close Date
August 14,2006
Transaction Type
Property
Enterprise Value (EV)($MM)
416
Asset/Basin:
{"Los Angeles Basin",Mid-Continent}
Location
Region
Mid-Continent
Country
United States
State
California
Transaction Details: Subscribe to see
Linn Energy, LLC today announced that it has signed definitive purchase agreements to acquire certain affiliated entities of Blacksand Energy, LLC ("Blacksand Assets"), located in the Los Angeles Basin, for $291 million and certain Mid-Continent assets of Kaiser-Francis Oil Company ("Kaiser Assets") located in Oklahoma for $125 million, in each case subject to customary closing adjustments. The Company anticipates both acquisitions will close on or before August 15, 2006 and will be financed with a combination of borrowings under Linn Energy's existing credit facility and a new bridge…
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