LINN Energy to sell Williston properties for $285M

LINN Energy Inc. has signed a definitive agreement to sell its interest in properties located in the Williston Basin to an undisclosed buyer for a contract price of $285 million, subject to closing adjustments.

The properties to be sold consist of approximately 20,000 net acres in North Dakota, South Dakota and Montana, with second-quarter net production of approximately 8,000 BOE/d, proved developed reserves of approximately 20 million BOE and proved developed PV-10 of approximately $186 million. For the fourth quarter of 2017, the company had budgeted approximately $7 million of capital for these properties.

At press time, the sale was expected to close in the fourth quarter of 2017.

For more information, visit www. or call (281) 840-4000.

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