Houston-based Linn Energy Inc. is selling interest in some oil and gas property in West Texas to an undisclosed buyer for $119.5 million. The estimated 28,000 net acres to be sold had 2017 production of about 6,300 boe/d net and proved developed reserves of 14.4 million boe. Annualized field level cash flow on the properties is about $32 million, while annual general/administrative expenses is $3 million. The sale is expected to be completed by the end of March.
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