Deal Insight
LINN Energy acquires oil producing assets in the Permian for US$525 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- 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:
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