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.
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:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Devon market performance
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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