Pioneer Natural Resources Co. (NYSE: PXD), Linn Energy LLC (NASDAQ: LINE) and LinnCo LLC (NASDAQ: LNCO) collectively swung $585 million worth of deals Aug. 4. Linn is set to be the dominant producer in the Hugoton Basin with the largest of three deals—a $340 million agreement for Pioneer’s proved reserves, estimated at 340 billion cubic feet equivalent (Bcfe) with 95% PDP. The asset package is about 235,000 net acres, all HBP. It has about 1,200 producing wells.
展开▼
