The Energy And Market Page, Page 2, T+275 -- October 23, 2017; Linn Energy To Sell Williston Acreage For $14,250/Acre

Linn to sell its Williston interest for $285 million -- Oil & Gas Journal; data points:

• 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
  

Markets: a stock picker's market --

• 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

***********************************************

Younger Sister -- Many, Many Years Ago

Watching a Williston High School basketball game. Years later, she became a WHS cheerleader.