Linn Energy To Pay $154M For Oil, Gas Properties
Linn Energy will finance the acquisition through an existing credit facility and plans to close the deal by Jan. 29, 2010, it said.
The properties, located in the Southwestern U.S., have a current net oil production of about 1,700 barrels per day and proven oil reserves of more than 12 million barrels.
"This acquisition increases our exposure to oil, which...
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