Devon took the final step in completing its portfolio transformation by selling its remaining marketed non-core assets to LINN Energy, for a cash consideration of US$2.3 billion. LINN will acquire 898,000 net acres and 275 mmcfed of production (80% gas) across the Gulf Coast, Rockies, and Mid-Continent regions. We calculate approximately 90% of the value of the transaction to reside in the Gulf Coast and Rockies acreage due to higher proved reserves and liquid cut.
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LINN picks up Devon's non-core L48 assets for US$2.3 billion PDF - 339.00 KB 6 Pages, 7 Tables, 1 Figures
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Deal insight | Jul 2014
LINN picks up Devon's non-core L48 assets for US$2.3 billion
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