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Linn Energy, LLC

Recent Articles

Diamond Offshore Sees Weak Demand, Scraps Special Dividend
Monday, February 09, 2015 Rig contractor Diamond Offshore Drilling expects a significant number of ultra-deepwater rigs to be idled across the industry by year-end as oil producers' capital budget is likely to be lowered by a fifth this year.
Linn Energy Cuts 2015 Capital Budget by 53 Percent
Friday, January 02, 2015 Linn Energy is cutting its 2015 capital budget by 53 percent to $730 million, joining other oil and gas producers in reducing expenditures in response to falling oil prices.
ExxonMobil Extends Permian Position
Thursday, September 18, 2014 ExxonMobil enters a non-monetary exchange agreement with LINN Energy to add 17,800 net acres in the Permian Basin.
Sources: Linn Energy Taps Banks For $2B Oil Asset Sale
Friday, August 15, 2014 Linn Energy hires banks to sell its oil production assets in the Texas Panhandle and western Oklahoma in an auction that could raise as much as $2 billion, according to people familiar with the matter.
Devon To Sell Oil And Gas Assets To Linn Energy For $2.3B
Monday, June 30, 2014 Devon Energy says it will sell all of its non-core US oil and gas properties to Linn Energy for $2.3 billion.
ExxonMobil Extends Permian Footprint in LINN Deal
Wednesday, May 21, 2014 ExxonMobil executes an agreement to add nearly 26,000 acres to its US oil and natural gas portfolio managed by subsidiary XTO Energy, through a non-monetary exchange with LINN Energy.
Linn Energy Says SEC Inquiry into Accounting Measures Ongoing
Tuesday, November 05, 2013 Linn Energy said an informal inquiry by the Securities and Exchange Commission into its use of non-GAAP accounting measures was ongoing.
Linn Energy to Pay $600M More for Berry Petroleum
Monday, November 04, 2013 Linn Energy raises its purchase price for Berry Petroleum Co by $600 million to $4.9 billion.
Linn to Increase Play in Permian Basin
Thursday, September 12, 2013 Linn Energy spends $525 million on a Permian Basin acquisition.
Linn Energy, LinnCo to Buy Berry Petroleum for $2.5B
Thursday, February 21, 2013 Linn Energy, along with its former unit LinnCo, agrees to buy Berry Petroleum for about $2.5B in stock as it aims to expand its geographic presence and bolster production.
BP Sells North Sea Assets to Mitsui
Tuesday, June 26, 2012 BP's sale is further evidence of BP's active asset management strategy after sale of Wyoming properties to LINN Energy on Monday.
LINN Energy to Acquire BP's Jonah field properties for $1B
Monday, June 25, 2012 LINN Energy will acquire BP's Jonah field properties in the Green River Basin of southwest Wyoming for $1.025B.
LINN Energy Expands Board
Tuesday, May 22, 2012 LINN Energy, LLC has expanded its board from six to seven directors.
LINN Energy, Anadarko Team Up in Salt Creek JV
Tuesday, April 03, 2012 LINN Energy announced a JV agreement with an affiliate of Anadarko, whereby LINN will participate as a partner in the CO2 enhanced oil recovery development of the Salt Creek field.
LINN Energy Inks Agreement for East Texas Properties
Friday, March 09, 2012 LINN Energy has signed a definitive purchase agreement to acquire properties located in East Texas.
LINN Energy to Buy BP Kansas Properties for $1.2B
Monday, February 27, 2012 LINN Energy signed a definitive purchase agreement to acquire Hugoton Basin properties located in Kansas from BP for a contract price of $1.2B, subject to closing conditions.
LINN to Acquire Granite Wash Properties for $600MM
Monday, November 07, 2011 Linn has signed a definitive purchase agreement to acquire properties located primarily in the Granite Wash from PXP for a contract price of $600MM.
LINN Acquires Oil Properties for $434MM
Monday, February 28, 2011 LINN has signed three definitive purchase agreements to acquire oil properties for a total combined contract price of $434MM.
LINN Posts Cash Tender Offers
Monday, February 28, 2011 LINN Energy has commenced cash tender offers and related consent solicitations to purchase any and all of its outstanding 11.75 percent senior notes due 2017 and 9.875 percent senior notes due 2018.
LINN to Redeem Senior Notes
Friday, February 11, 2011 LINN announced that on March 10, 2011, the Company will redeem 35 percent of its senior notes.