Deal insight

LINN Energy acquires oil producing assets in the Permian for US$525 million

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Report summary

On 12 September 2013 LINN Energy announced the acquisition of conventional oil producing assets in the Permian Basin for US$525 million. The acquired assets include 124 producing wells on 6 250 acres with current production of 4 800 boe/d and approximately 30 mmboe of proved reserves net to LINN.We value the assets acquired at US$588 million (NPV10 discounted to September 2013) which equates to a long term implied oil price of US$76/bbl. On production and reserves metrics the ...

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  • Document

    LINN Energy acquires oil producing assets in the Permian for US$525 million

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 11 images and tables including:

Images

  • LINN Energy pro-forma Permian production
  • LINN Energy capital investment
  • LINN Energy unit distributions and gearing ratio

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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