LINN Energy sells $2.3 billion of assets to fund Devon buy

HOUSTON -- LINN Energy has signed a definitive agreement to sell its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd., for a contract price of $1.95 billion. LINN has also signed a definitive agreement with Fleur de Lis Energy, LLC to sell its Wolfberry positions in Ector and Midland counties in the Permian basin for a contract price of $350 million.


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LINN Energy sells $2.3 billion of assets to fund Devon buy LINN Energy sells $2.3 billion of assets to fund Devon buy Reviewed by Crude Oil Facilitators on 20:22 Rating: 5

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