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Riviera completes $68MM sale of Arkoma assets
Linn Energy spinoff Riviera Resources closed the $68 million sale of its assets in Oklahoma’s Arkoma Basin. The properties hold PDP reserves of 111 Bcfe and cover 37,000 net acres (47% operated) in Hughes, Coal and Pittsburg counties. Q3 net production was 24 MMcfe/d (82% gas, 18% NGL) targeting the Woodford formation, making up 7.9% of Riviera’s 302 MMcfe/d total production for the quarter. The position is fully de-risked in the Woodford with ~420......
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