One-Page Deal Sheet
Linn Energy Acquires East Texas Properties for $175 Million
Linn Energy, Inc Not Disclosed
Announced Date
March 09,2012
Close Date
March 09,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
175
Location
Calculated Metrics( EV/Category)
Country
United States
State
Texas
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
LINN Energy, LLC announced today that it signed a definitive purchase agreement to acquire properties located in East Texas for a contract price of $175 million, subject to closing conditions. The company anticipates the acquisition will close on or before May 1, 2012, and will be financed with proceeds from borrowings under its revolving credit facility.
"This mature long-life asset has a low decline rate of less than 10 percent and is expected to provide a steady stream of cash flow. It also offers an extensive future drilling inventory on a concentrated acreage position that is held by…
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