Linn Energy and Oklahoma company form JV focused on SCOOP/STACK play

Houston-based Linn Energy Inc. (OTCQB: LNGG) and Tulsa, Oklahoma-based Citizen Energy II LLC have agreed to form a joint venture called Roan Resources LLC.

The deal should close in the third quarter, and the JV is expected to pursue an initial public offering in early 2018, subject to market conditions.

Roan will have independent management and a separate board of directors comprised of four Linn-designated directors, four Citizen-designated directors and a CEO, whom Linn and Citizen will appoint.…

Linn Energy and Oklahoma company form JV focused on SCOOP/STACK play syndicated post

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