LINN Energy, Inc. (ticker: LNGG) has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119.5 million, subject to closing adjustments.

Source: LINN Energy investor presentation Feb. 2018

The properties to be sold consist of approximately 28,000 net acres in west Texas with 2017 net production of approximately 6,300 BOE/d, proved developed reserves of ~14.4 MMBOE(1) and proved developed PV-10 of approximately $106 million(1). Annualized field ...


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