Deal insight

LINN picks up Devon's non-core L48 assets for US$2.3 billion

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Report summary

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.

What's included

This report contains

  • Document

    LINN picks up Devon's non-core L48 assets for US$2.3 billion

    PDF 339.00 KB

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 8 images and tables including:

Images

  • Devon market performance

Tables

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

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