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Linn Energy, ExxonMobil Enter Permian Trade

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May 30, 2014

Linn Energy LLC (NASDAQ: LINE) and LinnCo LLC (NASDAQ: LNCO) announced May 21 that Linn doubled its Kansas assets through a trade of land miles away with ExxonMobil Corp. (NYSE: XOM).

Linn signed a definitive agreement to trade a portion of its Permian Basin properties to ExxonMobil and its wholly owned subsidiary XTO Energy Inc. for operating interests in the Hugoton Field.

Linn will receive a portion of ExxonMobil's interest in its Hugoton Field, which is currently producing about 85 million cubic feet equivalent per day (MMcfe/d), of which 80% ...

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