M&A Deal Summary |
|
|---|---|
| Date | 2017-12-06 |
| Target | LINN Energy - Williston Basin |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Flywheel Energy |
| Sellers(s) | LINN Energy |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Oil/Gas Exploration |
Flywheel Energy Bakken is a privately held oil and natural gas exploration and production company. Flywheel Bakken is focused on the acquisition and development of large producing oil and gas assets primarily in the Rockies and Mid-Continent regions. Flywheel Energy was founded in 2017 and is based in Oklahoma City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2017 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-22 |
Flywheel Bakken - Williston Basin Properties
Oklahoma City, Oklahoma, United States Flywheel Bakken LLC - Williston Basin Properties produce approximately 6,600 barrels of oil equivalent (“Boe”) per day (2-stream) during the second half of 2019 and consist of approximately 18,000 net acres containing 86.9 net producing wells, 2.7 net wells in process, and 47.5 net undrilled locations across the heart of the Williston Basin. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 2003 |
| Sector | Oil/Gas Exploration |
| Employees | 1,800 |
| Revenue | 1.8B USD (2015) |
LINN Energy acquires, develops and maximizes cash flow from a portfolio of oil and natural gas assets. LINN Energy is an independent oil and natural gas company with properties located in the United States. LINN's portfolio includes assets in the Hugoton Basin, the Rockies, California, east Texas and north Louisiana, the Mid-Continent, Michigan/Illinois, the Permian Basin, and south Texas. LINN Energy was formed in 2003 and is based in Houston, Texas. On May 11, 2016, LINN Energy filed for bankruptcy.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Oil/Gas Exploration M&A | 4 of 4 |
| Type: Divestiture M&A Deals | 4 of 4 |
| Country: United States M&A | 4 of 4 |
| Year: 2017 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-02 |
LINN Energy - Jonah & Pinedale Fields
United States LINN Energy - Jonah & Pinedale Fields assets averaged over 150 million cubic feet equivalent per day (Mmcfe/day) of net production in 2016. Pro forma for the transaction, Jonah Energy will produce over 450 Mmcfe/day net from over 2,100 producing wells across over 145,000 net acres within Wyoming’s Jonah and Pinedale fields and adjacent Normally Pressured Lance (“NPL”) area. |
Sell | $580M |
