Encap portfolio company Fuse Energy closed its purchase of Pioneer Natural Resources' Barnett assets for $155 million. Pioneer also closed its $340 million sale of Hugoton gas field assets to Linn Energy, with the two deals providing $495 million to accelerate development of Pioneer's oil-weighted Spraberry and Wolfcamp acreage. The Barnett deal includes liquids-rich Q2 production of 11,100 boepd (66.6 MMcfed, 19% oil, 37% NGLs). The assets cover 105,000 net acres (130,000 gross) in......
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