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
$263.0MM
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