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US upstream week in brief: LINN goes lean with two more asset sales

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Report summary

LINN Energy announced a pair of non core asset sales as it shifts its focus from conventional production across multiple regions to unconventional assets in the Mid Continent. After emerging from bankruptcy in February LINN is now able to pay off its debt and with further divestment proceeds and will invest in its potential growth play the SCOOP/STACK. Other stories this week include: Targa Resources to build a new pipeline from the Permian Basin to Mont Belvieu adding Permian NGL capacity. The first Very Large Crude Carrier successfully docked at a US port. FERC delays drilling on the Rover pipeline highlighting risk of pipeline delays in the Northeast.

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    US upstream week in brief: LINN goes lean with two more asset sales

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  • Rover Pipeline
  • Number of the Week
  • US oil & gas dashboard
  • US horizontal rigs
  • Deepwater rigs

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