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

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01 September 2013

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

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 ...

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:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • LINN Energy pro-forma Permian production
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • LINN Energy capital investment
  • LINN Energy unit distributions and gearing ratio
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

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

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