One-Page Deal Sheet
Linn Energy Sells Howard County Property to Rock Oil
Rock Oil Holdings Llc Linn Energy, Inc
Announced Date
July 06,2015
Effective Date
May 01,2015
Close Date
August 31,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
281
Asset/Basin:
{"Permian Basin","Midland Basin"}
TargetZones:
{Wolfcamp}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Howard
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - September 1, 2015
LINN Energy, LLC reported that LINN has closed the previously announced sale of its remaining position in Howard County in the Permian Basin for a contract price of approximately $281 million, subject to pre- and post-closing purchase price adjustments.
The properties sold include approximately 6,400 net acres prospective for horizontal Wolfcamp drilling and approximately 2.0 MBoe/d of current production from 133 gross wells.
RBC Richardson Barr acted as financial advisor to LINN for this transaction.
Initial Announcement - July 06, 2015LINN Energy…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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