Linn Energy (LINE) To Acquire BP's (BP) Jonah Field Assets For $1B
Posted on June 25, 2012 at 09:41 AM EDT
Linn Energy LLC (NASDAQ:LINE) has agreed to acquire properties in the Jonah Field, located in the Green River Basin of southwest Wyoming, from BP America Production Co. (NYSE: BP) (LON: BP) for $1.03 billion. Linn forecasts production of roughly 145 million cubic feet equivalent per day (MMcfe/d) of liquids-rich natural gas and proved reserves of around 730 billions Of cubic feet equivalent (Bcfe) from the deal. [More...]