LINN Energy, Inc. (ticker: LNGG) announced that it has signed a definitive agreement to sell its Oklahoma Waterflood and Texas Panhandle properties to an undisclosed buyer for a contract price of $122 million, subject to closing adjustments.

The combined properties to be sold consist of approximately 179,000 net acres in Oklahoma and Texas with third quarter net production of approximately 5,200 BOEPD, proved developed reserves of ~22.8 MMBOE (1) and proved developed PV-10 of approximately $124 million. (1) Annualized field level cash flow o...


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