wyoming

BLM WYOMING OIL AND GAS LEASE SALE NETS NEARLY $20 MILLION

In keeping with the Administration’s goal of promoting America’s energy independence, the Bureau of Land Management Wyoming quarterly oil and gas lease sale resulted in competitive bids for 152 of the 170 parcels offered at the sale. The combined bids from the sale brought in $19.87 million, which will be distributed between the Federal government and the State of Wyoming. The BLM offered parcels in Campbell, Converse, Crook, Fremont, Goshen,

Operated & Non-Operated Working Interest Assets in the Green River Basin

EXECUTIVE SUMMARY Eagle River Holdings, LLC has been exclusively retained by Vanguard Natural Resources, Inc. (“Seller”) for the divestiture of operated and non-operated working interest assets and associated development rights located in the Green River Basin of Carbon and Sweetwater Counties, Wyoming near the Wamsutter Field. PROPERTY DESCRIPTION Operated Position ~13 Mmcfe/d net production (83% Gas / 9% Oil / 8% NGL) ~$375M net operating monthly cash flow (6-mo average) ~$5.2MM forecasted operating income

Operated & Non-Operated Working Interest Assets in the Powder River Basin

EXECUTIVE SUMMARY Eagle River Holdings, LLC has been exclusively retained by Hyperion Oil & Gas LLC (“Seller”) for the divestiture of operated and non-operated working interest assets and associated development rights located in the Powder River Basin of Converse County, Wyoming also known as Scott Field. PROPERTY DESCRIPTION Operated Position in Powder River Basin Core ~69,600 MBOE / $154MM (PDP PV10 / PUD PV15) total net Proved Reserves (3% PDP

BLM THIRD QUARTER OIL AND GAS LEASE SALES HIT COMBINED $170.7 MILLION

In keeping with the Administration’s goals of promoting America’s energy dominance, seven Bureau of Land Management state offices generated $170.7 million in bonus bids during their quarterly oil and gas lease sales. Among these sales, rights to a total of 218 parcels, covering 134,834.71 acres were sold. “Oil and gas lease sales on federal land directly support domestic energy production and President Trump’s energy dominance goals for America,” said U.S.

QEP Resources Announces Acquisition of Properties in the Core of the Midland Basin

QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today reported second quarter 2017 financial and operating results. The Company also announced that its wholly owned subsidiary, QEP Energy Company, has entered into a definitive agreement to acquire crude oil and natural gas properties in the Permian Basin for an aggregate purchase price of $732 million, subject to customary purchase price adjustments (the “Acquisition”). 2017 PERMIAN BASIN ACQUISITION HIGHLIGHTS Adds approximately 13,800 net acres in Martin County,

Denbury Resources to Acquire Interest in Rockies CO2 Flood

Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) today announced that it has entered into a definitive agreement with certain subsidiaries of Linn Energy, Inc. to acquire their 23% non-operated working interest in Salt Creek Field in Wyoming for $71.5 million.  Denbury plans to initially fund the acquisition with its bank line, but anticipates this cost would ultimately be offset through the sale of non-productive surface acreage ideally suited for

LINN Energy Closes on the Jonah Sale, Announces Amendment to Credit Agreement and Authorization of Initial Share Repurchase Program

LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) today announces closing on the sale of its assets in the Jonah Field and Pinedale Anticline in Wyoming (the “Jonah Sale”). The Company also announces it has fully repaid and retired its LIBOR +750 Term Loan due 2021 and amended its Revolving Credit Agreement effective May 31, 2017. In addition, the Company’s Board of Directors (the “Board”) has authorized a share repurchase

LINN Energy Announces Sale of Salt Creek for $71.5 Million and Extinguishes All Debt Pro-forma of Announced Transactions

LINN Energy, Inc. (OTCQB:LNGG) (“LINN” or the “Company”) announced today that it has signed a definitive agreement to sell its interest in properties located in the Salt Creek Field in Wyoming to Denbury Resources Inc. for a contract price of $71.5 million, subject to closing adjustments. This sale represents the second executed agreement of the Company’s non-core divestiture program. LINN continues to market the previously announced non-core asset sales and

Wyoming H.B. No. 0107 Uniform Real Property Electronic Recording Act.

AN ACT relating to real property; adopting the Uniform Real Property Electronic Recording Act; validating electronic documents for recording; authorizing electronic recordings by county clerks; imposing duties on the department of enterprise technology services; providing for rulemaking; providing definitions; and providing for effective dates. DIGEST:  http://legisweb.state.wy.us/2016/Digest/HB0107.pdf Currently, Wyoming law provides that only originally signed real property documents or properly certified or authenticated copies thereof may be recorded by the county