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.
Recommended Reading
E&P Highlights: Feb. 24, 2025
2025-02-24 - Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.
E&P Highlights: Feb. 10, 2025
2025-02-10 - Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China.
E&P Highlights: Jan. 27, 2025
2025-01-27 - Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia.
E&P Highlights: Feb. 18, 2025
2025-02-18 - Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
E&P Highlights: March 10, 2025
2025-03-10 - Here’s a roundup of the latest E&P headlines, from a new discovery by Equinor to several new technology announcements.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.