US player Linn Energy has said it will split into two companies by midsummer, Roan Resources and Riviera Resources, and retire the Linn Energy name.
Roan will become a “pure play, high growth Merge/Scoop/Stack company,” executives said.
The Riviera spin-off will consolidate the assets of Blue Mountain Midstream, as well as other assets in Michigan/Illinois, Arkoma, East Texas and North Louisiana.
