A leading provider of business research for the Oil & Gas Industry
  • Data analysis Linn Mulls Options for Midland Basin Assets

    Linn Energy announced that it is evaluating multiple strategic alternatives in the Midland Basin portion of its Permian acreage, including asset trades, a cash sale and joint ventures. Asset detailsCovers 55,000 net acres in the A and B benches of the Wolfcamp formationTotal production of 17 MBOE/d from...

    Linn Mulls Options for Midland Basin AssetsData analysis
    Global Deals, Others

    Linn Energy announced that it is evaluating multiple strategic alternatives in the Midland Basin portion of its Permian acreage, including asset trades, a cash sale and joint ventures. 

    Asset details

    • Covers 55,000 net acres in the A and B benches of the Wolfcamp formation
    • Total production of 17 MBOE/d from 1,275 wells, held with an average 88% WI
    • 630 (gross) operated potential locations with an average 95% WI held by production; additional 455 (gross) potential locations which will require forming a unit

    All potential options are targeted to increase cash available for distribution and will also have the potential to lower the company's overall decline rate and capital intensity.

    At the same time, Linn is pursuing a horizontal drilling program in the Midland Basin. The company plans to drill approximately ten horizontal wells targeting the Wolfcamp B zone beginning in early Q2-2014. 

    View Linn press release

    This follows the announcement made by the company in Dec-2013 that it is considering strategic alternatives for its Permian Basin assets.

For Subscriptions and Enquiries

Write to us at sales@1derrick.com or
leave your contact details.