Current LNGG Stock Info

27,500 acres sold for $581.5 million
Linn Energy (ticker: LNGG) announced today the sale of its western Wyoming properties to Jonah Energy for $581.5 million.

Linn is selling its interest in 1,200 producing wells and 27,500 net acres in the Jonah and Pinedale fields. In total, these assets produced an average of 150 MMcfe/d in 2016 with proved reserves of 384 Bcfe.

The Jonah field is estimated to contain 10.5 Tcf of natural gas, and was first found to be economic in 1993. The field has multiple stacked pay sections over nearly 3,500’ of ...

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