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One-Page Deal Sheet

Linn Energy Trades Permian; Gets California Property

Linn Energy, Inc ExxonMobil
AnnouncedSep 18, 2014
TypeProperty
Announced Date
September 18,2014
Effective Date
June 01,2014
Close Date
November 21,2014
Transaction Type
Property




Snapshot
Asset/Basin:
{"San Joaquin Basin"}
Net Acres
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% Oil:
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Proved Reserves
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Location
Region
West Coast

Country
United States

State
California

Production & Reserves
Production
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Production Mix
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Reserves
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Transaction Details:  Subscribe to see

Closing Announcement - November 21, 2014

LINN Energy has closed the previously announced trade with Exxon Mobil Corporation whereby LINN received ExxonMobil's interest in California's South Belridge Field and ExxonMobil received production and acreage prospective for horizontal Wolfcamp drilling in the Permian Basin.

Initial Announcement - September 18, 2014

LINN will receive ExxonMobil's interest in its Hill Property located in the South Belridge Field, which is currently producing approximately 3.4 MBoe/d (~100 percent oil) with a shallow base decline of approximately ten percent.

Proved…


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United States Deal Activity In Last 12 Months


Other West Coast Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-07-2024 - - Click here California  E&P
May-19-2022 - - Click here California  E&P
Jul-23-2019 - - Click here California  E&P
May-21-2019 - - Click here California  E&P
May-01-2018 - - Click here California  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Sep-15-2025 - - Click here California  E&P
Feb-07-2024 - - Click here California  E&P
May-19-2022 - - Click here California  E&P
Aug-18-2021 - - Click here California  Service
Jul-23-2019 - - Click here California  E&P

Price History


Date Deal Headline Price$/acre
Feb-07-2024 California Resources To Acquire Aera Energy For $2.1 Billion -  
May-21-2019 Yuma Energy Sells California Assets as it Looks to Pay Down Debt -   1,762
Apr-10-2018 California Resources Acquires San Joaquin Assets from Chevron -   1,053