Linn Energy, LLC Company News

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Shale Loses 9 Billion Barrels of Reserves After SEC Inquiries
Ultra Petroleum Corp. was a shale success story. Then came the bust.
8:00 PM EST | June 14, 2016
Linn Energy, Breitburn Could Be Tip of Iceberg for MLP Bankruptcies
Upstream MLP Breitburn Energy Partners files for bankruptcy protection and analysts believe there could be more to follow.
8:00 PM EST | May 15, 2016
Oil At $45 A Barrel Proving No Savior As Bankruptcies Add Up
Three bankruptcies this week shows that $45 a barrel oil isn't enough to rescue energy companies on the verge of collapse.
8:00 PM EST | May 12, 2016
Houston Court Cuts into Delaware's Bankruptcy Business
When energy prices began to plummet nearly two years ago, oil companies with billions of dollars in debt followed a well-worn path to the busiest US Bankruptcy Court for large Chapter 11 cases, in Wilmington, Delaware.
8:00 PM EST | May 10, 2016
Linn Energy Skips Interest Payments On New Set of Notes
Oil and gas producer Linn Energy says it plans to skip interest payments on some of its senior notes due April 15.
8:00 PM EST | April 14, 2016
Linn Energy Exploring Debt Options To Weather Oil Collapse
Indebted Linn Energy LLC is exploring distressed restructuring options with Barclays as stubbornly low oil and natural gas prices test its ability to service $10 billion of debt after next year, according to sources with knowledge of the matter.
7:00 PM EST | November 12, 2015
Linn Energy Names New CFO
Linn Energy names a new chief financial officer to replace Kolja Rockov, who stepped down to pursue other opportunities.
8:00 PM EST | August 24, 2015
LINN Energy Drops Distributions, Investors Follow
Linn Energy cuts its regular distributions to investors, likely drawing the attention of other upstream master limited partnerships.
8:00 PM EST | July 29, 2015
LINN Exits Permian with $281M Deal, Completes Strategic Funding Initiatives
LINN Energy exits the Permian Basin and seals deals with private capital to fund acquisitions and development.
8:00 PM EST | July 05, 2015
Diamond Offshore Sees Weak Demand, Scraps Special Dividend
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.
7:00 PM EST | February 08, 2015
Linn Energy Cuts 2015 Capital Budget by 53 Percent
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.
7:00 PM EST | January 01, 2015
ExxonMobil Extends Permian Position
ExxonMobil enters a non-monetary exchange agreement with LINN Energy to add 17,800 net acres in the Permian Basin.
8:00 PM EST | September 17, 2014
Sources: Linn Energy Taps Banks For $2B Oil Asset Sale
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.
8:00 PM EST | August 14, 2014
Devon To Sell Oil And Gas Assets To Linn Energy For $2.3B
Devon Energy says it will sell all of its non-core US oil and gas properties to Linn Energy for $2.3 billion.
8:00 PM EST | June 29, 2014
ExxonMobil Extends Permian Footprint in LINN Deal
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.
8:00 PM EST | May 20, 2014
Linn Energy Says SEC Inquiry into Accounting Measures Ongoing
Linn Energy said an informal inquiry by the Securities and Exchange Commission into its use of non-GAAP accounting measures was ongoing.
7:00 PM EST | November 04, 2013
Linn Energy to Pay $600M More for Berry Petroleum
Linn Energy raises its purchase price for Berry Petroleum Co by $600 million to $4.9 billion.
7:00 PM EST | November 03, 2013
Linn to Increase Play in Permian Basin
Linn Energy spends $525 million on a Permian Basin acquisition.
8:00 PM EST | September 11, 2013
Linn Energy, LinnCo to Buy Berry Petroleum for $2.5B
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.
7:00 PM EST | February 20, 2013
BP Sells North Sea Assets to Mitsui
BP's sale is further evidence of BP's active asset management strategy after sale of Wyoming properties to LINN Energy on Monday.
8:00 PM EST | June 25, 2012
LINN Energy to Acquire BP's Jonah field properties for $1B
LINN Energy will acquire BP's Jonah field properties in the Green River Basin of southwest Wyoming for $1.025B.
8:00 PM EST | June 24, 2012
LINN Energy Expands Board
LINN Energy, LLC has expanded its board from six to seven directors.
8:00 PM EST | May 21, 2012
LINN Energy, Anadarko Team Up in Salt Creek JV
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.
8:00 PM EST | April 02, 2012
LINN Energy Inks Agreement for East Texas Properties
LINN Energy has signed a definitive purchase agreement to acquire properties located in East Texas.
7:00 PM EST | March 08, 2012
LINN Energy to Buy BP Kansas Properties for $1.2B
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.
7:00 PM EST | February 26, 2012
LINN to Acquire Granite Wash Properties for $600MM
Linn has signed a definitive purchase agreement to acquire properties located primarily in the Granite Wash from PXP for a contract price of $600MM.
7:00 PM EST | November 06, 2011
LINN Acquires Oil Properties for $434MM
LINN has signed three definitive purchase agreements to acquire oil properties for a total combined contract price of $434MM.
7:00 PM EST | February 27, 2011
LINN Posts Cash Tender Offers
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.
7:00 PM EST | February 27, 2011
LINN to Redeem Senior Notes
LINN announced that on March 10, 2011, the Company will redeem 35 percent of its senior notes.
7:00 PM EST | February 10, 2011
LINN Posts Private Offering of Senior Notes
LINN and its subsidiary, Linn Energy Finance Corp., announced plans to commence a private offering to eligible purchasers of its unsecured notes.
8:00 PM EST | September 07, 2010
LINN to Add Permian Properties for $352.2MM
LINN has signed three definitive purchase agreements to acquire oil and natural gas properties located in the Wolfberry trend of the Permian Basin for a combined price of $352.2 million.
8:00 PM EST | September 06, 2010
LINN Posts Cash Distribution
LINN announced a cash distribution for the second fiscal quarter of 2010 of $0.63 per unit.
8:00 PM EST | July 26, 2010
LINN Flows Rate of 60.2 MMcfe Per Day at Granite Wash Well
LINN announced results from its second operated horizontal Granite Wash well in the Stiles Ranch area of the Texas Panhandle.
8:00 PM EST | July 21, 2010
LINN to Acquire O&G Properties in East Tx. Oil Field
LINN signed a definitive purchase agreement to acquire oil and natural gas properties located in the East Texas Oil Field for a contract price of $95 million, subject to closing conditions.
8:00 PM EST | July 18, 2010
LINN to Expand Presence in Permian Basin
LINN signed a definitive purchase agreement to acquire oil and natural gas properties located in the Permian Basin for a contract price of $90 million.
8:00 PM EST | June 30, 2010
LINN Posts First Operated HZ Well Results
LINN announced results from its first operated horizontal Granite Wash well in the Texas Panhandle.
8:00 PM EST | June 01, 2010
LINN Energy Delivers Strong Financial, Operational Results in 1Q
"We had an outstanding start to the year and again delivered strong operational and financial results that exceeded our performance targets," said Mark Ellis.
8:00 PM EST | April 28, 2010
LINN Energy Prices $1.3B of Senior Notes
INN Energy has announced a private offering to eligible purchasers of $1.3 billion in aggregate principal amount of 8.625% senior unsecured notes due 2020.
8:00 PM EST | March 30, 2010
LINN Expands Presence in Permian Basin for $305MM
LINN Energy signed a definitive purchase agreement to acquire oil and natural gas properties located in the Permian Basin for $305 million.
8:00 PM EST | March 28, 2010
LINN Prices Public Offering of 15MM Units
LINN Energy announced the pricing of its public offering of 15,000,000 units of its limited liability company interests.
8:00 PM EST | March 23, 2010
LINN Acquires Atrim Shale Properties for $330MM
LINN Energy signed a definitive purchase agreement to acquire natural gas properties in the Antrim Shale of northern Michigan for a contract price of $330 million.
8:00 PM EST | March 22, 2010
LINN Energy Amends $1.5B Credit Facility
LINN Energy reported extending a public offering of units and receiving commitments to amend its revolving credit facility.
8:00 PM EST | March 22, 2010
LINN Energy Offers $500MM of Senior Notes
LINN Energy announced plans to commence a private offering to eligible purchasers of $500 million in aggregate principal amount of its senior unsecured notes due 2020.
8:00 PM EST | March 22, 2010
LINN Snaps Up Permian, Anadarko Basin Properties for $154.5MM
LINN Energy signed a definitive purchase agreement to acquire certain oil and natural gas properties in the Permian and Anadarko Basins for a contract price of $154.5 million.
7:00 PM EST | November 30, 2009
LINN Energy Snaps Up Properties in Permian Basin
LINN Energy signed two definitive purchase agreements to acquire certain oil and natural gas properties in the Permian Basin located in West Texas and New Mexico for a combined contract price of $118 million.
8:00 PM EST | August 05, 2009
LINN Energy Closes $1.75B Credit Facility
LINN Energy has entered into a new $1.75 billion secured revolving credit facility with a $1.75 billion initial borrowing base.
8:00 PM EST | April 27, 2009
Some E&P Companies Come Out on Top with Successful Hedging
Despite declining oil and gas prices, which have caused the petroleum industry to tighten its wallet, some small- and mid-sized E&P companies have hedged themselves into financial stability, according to a report from financial media outlet Forbes.
7:00 PM EST | February 09, 2009
XTO Acquires Marcellus Shale For $600 Million
XTO Energy Inc. has entered into a definitive agreement to acquire producing properties, leasehold acreage and infrastructure from Linn Energy, LLC for $600 million.
8:00 PM EST | April 14, 2008
Linn to Acquire Oil and Gas Properties from Lamamco for $552 Million
"This transaction enhances value through significantly increased oil exposure, which we believe creates very attractive margins in the current commodity price environment," said Michael C. Linn, Chairman and Chief Executive Officer of Linn Energy.
7:00 PM EST | December 20, 2007
Linn Energy to Purchase Texas Panhandle Properties for $22.5 Million
Linn Energy enters into a definitive purchase agreement to acquire certain oil and gas properties in the Texas Panhandle for $22.5 million.
8:00 PM EST | August 02, 2007