Linn Energy, LLC

Recent Articles

Shale Loses 9 Billion Barrels of Reserves After SEC Inquiries
Wednesday, June 15, 2016 Ultra Petroleum Corp. was a shale success story. Then came the bust.
Linn Energy, Breitburn Could Be Tip of Iceberg for MLP Bankruptcies
Monday, May 16, 2016 Upstream MLP Breitburn Energy Partners files for bankruptcy protection and analysts believe there could be more to follow.
Oil At $45 A Barrel Proving No Savior As Bankruptcies Add Up
Friday, May 13, 2016 Three bankruptcies this week shows that $45 a barrel oil isn't enough to rescue energy companies on the verge of collapse.
Houston Court Cuts into Delaware's Bankruptcy Business
Wednesday, May 11, 2016 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.
Linn Energy Skips Interest Payments On New Set of Notes
Friday, April 15, 2016 Oil and gas producer Linn Energy says it plans to skip interest payments on some of its senior notes due April 15.
Linn Energy Exploring Debt Options To Weather Oil Collapse
Friday, November 13, 2015 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.
Linn Energy Names New CFO
Tuesday, August 25, 2015 Linn Energy names a new chief financial officer to replace Kolja Rockov, who stepped down to pursue other opportunities.
LINN Energy Drops Distributions, Investors Follow
Thursday, July 30, 2015 Linn Energy cuts its regular distributions to investors, likely drawing the attention of other upstream master limited partnerships.
LINN Exits Permian with $281M Deal, Completes Strategic Funding Initiatives
Monday, July 06, 2015 LINN Energy exits the Permian Basin and seals deals with private capital to fund acquisitions and development.
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.