Well, color me skeptical, but after Devon's display of ineptitude in the last go-round, I'm of the opinion that Michigan would be better off if the GeoSouthern deal falls through.
... the Sanilac Play was called "Sparky" initially, now it is called "Steelhead"...
Devon Energy is selling all of its non-core U.S. assets to Linn Energy for $2.3B. Areas included in sale are the Rockies, Texas, Louisiana, Wyoming, Utah, Oklahoma, Kansas.275M cu. ft. of natural gas equivalent per day. 80% gas.Devon earlier in the year had announced divesting all non-core company assets. Sale of Canadian assets occurred earlier in the year. Current sale of U.S. assets (announcement6/30/2014) does not appear to include Michigan or Ohio Utica Shale assets.ScotiaWaterous negotiated the deal. Info on Devon and Linn websites.
Wilson I also have noticed that Linn has bought a lot of Antrim Wells that are still producing over the last several years. Some of those leases were from Aurora and did not sever the deeper rights so are held by low volume gas production. It is a subtle acreage grab. They are operating the antrim wells and may re stimulate some, but it gives them a lot of deeper rights as well possibly in some good areas.