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Thursday, April 28, 2011

Linn Energy Misses by 3 Cents; Acquires More Bakken Acreage -- North Dakota, USA

Link here.

Misses by 3 cents.

In same press releases, announces continued aggressive acquisition spree in the Bakken:
Independent explorer and producer Linn Energy said it agreed to purchase assets in North Dakota's Bakken shale for $163 million, continuing a buying spree of oil- and natural gas-liquids rich properties, but its quarterly profit fell below estimates.
From Houston Business Journal.com
  • $163 million: an additional two sets of assets in the Bakken shale play in North Dakota
  • Bringing its total acquisitions in the play this year to $238 million

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