- Tight Gas & Oil
- Gas Hydrates
Linn Energy has sold more than $1.8 billion in assets as it prepares to divide into three companies, including one in the Oklahoma Stack.
The deal includes cash and stock from Silver Run II and funding from private-equity firms that will likely eclipse $1.6 billion.
CEO Doug Lawler painted Chesapeake in Shakespearean terms as a once-dominant company that, after faltering under debt, is regaining its edge through efficiency and A&D, including a $500 million Midcontinent sale.