"LINN Energy to Expand its Operation in Wyoming by Acquiring Jonah and Pinedale Properties from BP for $1.03 Billion - Deal Analysis from GlobalData" - New Market Report
Linn Energy, LLC, (Linn) has agreed to acquire the Jonah and Pinedale properties in the Green River Basin of southwest Wyoming from BP America Production Company, a wholly-owned subsidiary of BP plc (BP), for a purchase consideration of $1.03 billion in cash. The company intends to fund the acquisition with proceeds from borrowings under its revolving credit facility. The acquisition will provide Linn with a significant operated position in the Green River Basin of Wyoming. Barclays Capital Inc., BMO Capital...
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