Houston-based Linn Energy Inc. (OTCQB: LNGG) announced Oct. 23 that it has lined up a buyer for Williston Basin assets, the latest in several such deals the company announced this year.
The undisclosed buyer will purchase the properties for $285 million, and the deal is expected to close by the end of the year. The properties consist of about 20,000 net acres in North Dakota, South Dakota and Montana, and they produced about 8,000 barrels of oil equivalent per day in the second quarter. Linn had…
Houston Biz Journal
Linn Energy sells off Williston assets in latest divestiture