Deal Insight

ExxonMobil picks up Midland Basin assets in a swap deal with LINN Energy

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On 21 May 2014 it was announced that ExxonMobil had agreed with LINN Energy to swap out of a partial interest in dry gas assets located in the Hugoton Basin (primarily in Kansas) in exchange for 26,000 net acres located in the Midland Basin (primarily in West Texas). The deal included no cash component, but based on comparable transactions in the same area of the Midland Basin (sub-plays include the Deep Basin, Glasscock Nose and Ozona), we estimate an average per acre price of between ...

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  • Executive summary
  • Upstream assets
  • Deal analysis
  • Strategic rationale

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    ExxonMobil picks up Midland Basin assets in a swap deal with LINN Energy

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