US' Linn Energy adds oil assets in Bakken, Permian

摘要

Houston-Natural gas E&P partnership Linn Energy moved to expand its oil exposure February 28 with a $434 million acquisition package which will add Bakken oil shale assets and boost the company's Permian Basin oil holdings. The three deals will increase Linn's oil-equivalent production and proved reserves by 5%, adding 3,000 boe/d with 90% of that from oil while also adding proved reserves of 22 million boe and 600 oil drilling locations.