Linn Energy LLC, Houston, (Nasdaq: LINE) plans to acquire certain properties in the Midcontinent from Dominion Resources Inc., Richmond, Va., (NYSE: D) for $2.05 billion. The assets include 2,500 producing wells in Oklahoma, the Texas Panhandle and Kansas. Proved reserves are more than 760 billion cubic feet of gas equivalent (93% gas and gas liquids, 75% proved developed) and proved and potential reserves are more than 2 trillion cubic feet equivalent. Pro forma, Linn will have proved reserves of 1.6 trillion cubic feet equivalent and more than 5,000 drilling locations.
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