One-Page Deal Sheet
Linn Energy Gets Hugoton Field In Swap With Exxon
Linn Energy, Inc ExxonMobil
Announced Date
May 22,2014
Effective Date
June 01,2014
Close Date
August 15,2014
Transaction Type
Property
Location
Region
Mid-Continent
Country
United States
State
Kansas
County
Stephens ,Grant ,Finney ,Kearny ,Haskell
Play
Production & Reserves Production
Production Mix
Reserves
Transaction Details: Subscribe to see
Linn Energy and ExxonMobil's XTO executed a trade.
Linn Energy will get 500,000 net acres in the Hugoton Field and about 2,300 operated wells, as well as a potential 400 future wells. The production gained will be about 85 million cubic feet of natural gas a day 85 MMcfe/d.
ExxonMobil, on the other hand, will get about 25,000 acres in the Midland Basin, based around Midland, Martin, Upton and Glasscock counties, as well as about 1,000 acres in Lea County, New Mexico.
LINN will receive a portion of ExxonMobil's interest in its Hugoton Field: which is currently producing approximately 85…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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