ExxonMobil Trade Summary LINN signed a definitive agreement to trade a portion of its Permian Basin properties to ExxonMobil for operating interests in the Hugoton Basin Expected closing in Q3 2014 with an effective date of June 1,…
ExxonMobil Trade Strategic Benefits Trade reinforces LINNs commitment to developing mature, long-lived Strategic Portfolio oil & natural gas assets Shift Acquired excellent MLP assets with a shallow decline rate of 6% and reserve…
Hugoton Basin Assets ExxonMobil Hugoton Assets(1) Existing LINN Acreage 85 MMcfe/d of production XOM Acreage Kearny 80% natural gas / 20% NGLs Finney Decline rate of 6% and reserve life of 22 years Hamilton Proved reserves of…
Midland Basin Trade Trade Overview Midland Basin Area 7 (acreage and production), includes acreage in XOM Trade southern Midland and northern Upton counties Area 6 (acreage only), includes acreage primarily in southeast Martin…