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  • Data analysis Linn Acquires Permian Basin Assets for $525 Million

    Linn Energy signed an agreement to acquire Permian Basin assets for $525 million. The assets include more than 300 proved low-risk infill drilling opportunities as well as future waterflood potential.Asset HighlightsCovers 6,250 net acres including approximately 124 producing wellsEstimated net production (in...

    Linn Acquires Permian Basin Assets for $525 MillionData analysis
    Global Deals, Headlines, Others

    Linn Energy signed an agreement to acquire Permian Basin assets for $525 million. The assets include more than 300 proved low-risk infill drilling opportunities as well as future waterflood potential.

    Asset Highlights

    • Covers 6,250 net acres including approximately 124 producing wells
    • Estimated net production (in the next 12 months) of 4.8 MBOE/d (63% oil) from the Clearfork formation
    • 1P reserves 30 MMBOE (70% oil) with future additional waterflood reserve potential of approximately 24 MMBOE

    View Linn press release

     

     

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