One-Page Deal Sheet
XTO Energy Acquires Marcellus Acreage From Linn Energy
XTO Energy Inc. Linn Energy, Inc
Announced Date
April 15,2008
Close Date
July 01,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
600
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
XTO Energy Inc., has completed its acquisition of producing properties, leasehold acreage and infrastructure in the Marcellus shale in western Pennsylvania and West Virginia from the MLP Linn Energy LLC, Houston, (Nasdaq: LINE) for $600 million.
The sale represents an exit from the Appalachian Basin for Linn. Linn reported proved reserves of approximately 197 billion cubic feet equivalent (99% gas) as of Dec. 31 as estimated by a third party. XTO reported proved reserves as estimated by internal engineers to be 145 billion cubic feet equivalent (75% proved developed) from the shallow…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
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| Dec-19-2019 |
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| Jul-19-2019 |
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| Jul-19-2019 |
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