Linn Energy Sells California Acreage, Bringing May Divestitures To $844 Million
Transaction Type
Sellers
Buyers
Basin
San Joaquin Basin
Field
South Belridge Field
Announce Date
Post Date
Close Date
Estimated Price
263MM
Description
To buy interest in properties in CA's San Joaquin Basin; includes about 500 net acres in the South Belridge Field in Kern County, CA, 3,000 boe/d of net production in 1Q 2017 and 11.7 MMboe proved developed reserves. (Expected to close July 31)
Linn Energy Sells California Acreage, Bringing May Divestitures To $844 Million