Swap Gives ExxonMobil More Permian Prospects, Crowns Linn as Biggest Hugoton Operator

摘要

ExxonMobil Corp. will build its Permian Basin position to 1.5 million acres and Linn Energy LLC is becoming the biggest producer in the Hugoton Basin of Kansas after the producers agreed to a trade, sans cash, late Wednesday. In the agreement, said to be for assets only, ExxonMobil is trading its Hugoton field properties, where it is the largest operator, which are comprised of more than 500,000 net acres and 2,300 operated wells.