Current LNGG Stock Info

LINN Energy, Inc. (ticker: LNGG) entered an agreement to sell its interest in properties located in Wyoming to an undisclosed buyer for a contract price of $200 million, the company said in a press release.

The properties to be sold consist of approximately 163,000 net acres in the Washakie Field in Wyoming with second quarter net production of approximately 66 MMcfe/d, proved reserves of ~226 Bcfe and proved developed PV-10 of approximately $102 million.

Annualized field level cash flow on these properties is approximately $35 million, w...

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