- will sell non-operated Williston Basin interest to an undisclosed buyer for $285 million (to the best of my knowledge, all of Linn's acreage was non-operated by Linn; I've never seen a Linn permit)
- part of Linn's plan to emerge from bankruptcy declared in February, 2017
- package includes: 20,000 net acres in ND, SD, and MT
- 2Q17 net production: 8,000 boe/d
- $285 million / 20,000 net acres = $14,250 acres
- to compare, also sold 163,000 acres in Wyoming for $200 million
- Linn Energy has also exited California; south Texas; and sold some of its Permian interest
- continues to market its remaining assets in the Permian along with its interests in Utah, and its mature waterfloods in Oklahoma
- it looks like Linn is selling everything; what is it keeping? Linn Energy's new focus is on the Anadarko Basin's SCOOP-STACK play through its 50%-owned Roan Resources LLC, formed this summer alongside Citizen Energy II LLC
- over at "Bakken operators" this is all I had for Linn Energy:
- LINN Energy
- 4Q11: 17,000 acres
- Entered the Bakken in February, 2011, acquiring CXO (Concho) Assets
- 11,193 net acres, initially
- 4Q11: 3,500 boepd
- all three indices fell (-0.23%; -0.4%; -0.64% -- inconsequential)
- Tesla: continues to slide; fell over 2% today
- NYSE new highs, a surprising 203, including -- BRK-B; Boeing; CAT; D.R. Horton; PFE; RDS-B; STE; Wal-Mart Stores;
- new lows, 53
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Younger Sister -- Many, Many Years Ago
Watching a Williston High School basketball game. Years later, she became a WHS cheerleader.
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