Current LNGG Stock Info

Jonah Energy now owns majority of Jonah field acreage and production; credit facility goes up to $1.125 billion
Privately held Jonah Energy announced the closing of its purchase of 27,000 net acres in the Jonah field from Linn Energy (ticker: LNGG) for $566 million.

In addition to the acreage, Linn Energy sold its interest in 1,200 producing wells in the area. Jonah Energy already has an interest in most of these wells, and is the operator for more than half of them.

In total, these assets produced an average of 150 MMcfe/d in 2016 with ...


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