Seeking to focus its portfolio on low-decline production following the completion of its $4.9 billion Berry Petroleum acquisition, Linn Energy is considering a swap of such assets for its enlarged Midland Basin portfolio. RBC Richardson Barr has been retained to assist with this transaction. On offer is 12-month average net production of 18,350 boepd (64% oil, 18% NGLs) from 937 vertical Wolfberry producers on 54,600 net acres (82% WI, 63% NRI).The acreage has significant......
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