LINN Energy’s $122 million Sale of Oklahoma Waterflood and Texas Panhandle properties


Kirkland & Ellis advised Houston-based LINN Energy, Inc., a petroleum, natural gas, and natural gas liquids exploration and production company, in a definitive agreement to sell its Oklahoma Waterflood and Texas Panhandle properties to an undisclosed buyer.

The transaction, valued at $122 million, is expected to close in the first quarter of 2018.

This transaction is subject to satisfactory completion of title and environmental due diligence, as well as the satisfaction of closing conditions.

Jefferies LLC acted as financial advisor for the Texas Panhandle properties and Kirkland & Ellis LLP acted as legal counsel with a team including Rahul Vashi (Picture) and Anthony Speier and R.J. Malenfant.

Involved fees earner: Anthony Speier – Kirkland & Ellis; Rahul Vashi – Kirkland & Ellis; R.J. Malenfant – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: LINN Energy, LLC;

Avatar

Author: Ambrogio Visconti