Operator · Bakken Shale & Three Forks, Granite Wash & Permian Basin
Linn Energy, Inc
67 articles mentioning Linn Energy, Inc · Page 1 of 4
Linn Talks Q2 Roan Activity; Finalizes Separation into Two Companies
LINN Energy reported its Q2 2018 results. Roan Resources Q2 Ops LINN detailed Roan's Q2 drilling activity and IP30 rates from several of its wells: Separation into Two Companies Finalized LINN finalized its separation into two...
LINN Energy Completes Spin-Off of Riviera Resources
LINN Energy announced today that it has completed the previously announced spin-off of Riviera Resources, Inc. from LINN. Riviera is now an independent reporting company and is expected to begin trading on the OTC Market under...
Linn Updates Roan Ops in Q1; Talks Midcontinent Well Results
LINN reported its Q1 2018 results. Highlights: Announced strategic plan to separate into two public companies, Roan Resources ("Roan") and Riviera Resources ("Riviera") during mid-summer 2018 Completed strategic divesture program resulting in approximately $2 billion of...
Linn Provides Update on Separation Plan; Roan, Riviera Resources
LINN Energy reported a strategic update on the previously announced separation plan. The Board has decided to separate into two public companies as outlined below: Riviera Resources. The Company has formed Riviera Resources, LLC, which following...
LINN to Transform into Three Standalone Companies in 2018; Talks Plans
LINN reported its 2018 outlook as well as its 2017 year end results. 2018 Plans - 2018 Capex: $134 million (down -63% from $360 million spent in 2017) - 2018 Production: 296-328 MMcfe/d - Separation into...
LINN to Separate into Three Standalone Companies
LINN has unveiled a plan to separate into three standalone companies by mid-2018. The Board and management continue to evaluate strategic opportunities with the objective of increasing shareholder value and today announce the intention to separate...
Linn Testing NW STACK; IPs Two Cotton Valley Wells
LINN Energy reported its Q3 2017 results. Highlights include: Touts formation of Roan Resources with Tony Maranto at helm / increased STACK portfolio Completed two horizontal wells in Ruston, North Louisiana with peak IP-30 rates of...
LINN Forms SCOOP and STACK Focused Company; Reduces Capex Guidance 18%
Linn Energy reported its Q2 results where its primary focus was on its formation of Roan Reoucres with Citizen Energy II and its acreage in different parts of the US.Highlights Include: Agreement to form Roan Resources...
Linn Spending 102% More in 2017; $395 Million, Focus on Merge Play
Linn Energy has detailed its 2017 guidance.
LINN Energy, Berry Petroleum Files Chapter 11 Bankruptcy
The Company expects its operations across its asset base to continue in the ordinary course throughout the Chapter 11 process.
LINN Gets Lifeline; 30-Day Grace Period on Interest Payment
As previously announced, the Company is currently in the process of exploring strategic alternatives to strengthen its balance sheet.
LINN Enters Settlement with Noteholders; $1.0B Outstanding
LINN Energy, LLC has entered into a settlement agreement with certain holders of the Company’s $1.0 billion of outstanding 12 percent Senior Secured Second Lien Notes due 2020.
LINN IDs 2016 Budget at $340MM Amidst Financial Struggle
LINN Energy, LLC reported financial and operating results for the fourth quarter and year ended December 31, 2015, and outlook for 2016.
New Strategy Emerges: Companies Tapping Entire Credit Limit to Survive
As the industry downturn continues to put pressure on E&Ps, a number of companies are tapping out their entire credit limits to stay afloat.
LINN Exploring Strategic Alternatives; Taps Out Credit Facility
The Company has retained Lazard as its financial advisor and Kirkland & Ellis LLP as its legal advisor to assist the Board of Directors and management team with the strategic review process.
Shale Experts Analyzed 17 US E&Ps; Financial Health: Here's What We Found
We Analyzed 17 US E&P companies, looking at their financials, Debt, Debt to Revenue, Planned Capital Spend, and Production. We found that most, of these companies might seek Chapter 11 protection. A spreadsheet with the company's...
Linn Energy Moves 2015 Capex Down $60 MM
LINN's revised 2015 oil and natural gas capital budget remains focused on optimization projects.
LINN Energy's Borrowing Base Drops to $3.6 Billion
LINN currently has undrawn capacity of approximately $790 million, assuming borrowings outstanding as of September 30, 2015.
LINN Energy CFO Exits; Successor Named
Kolja Rockov, Executive Vice President and Chief Financial Officer, will be leaving the Company to pursue other opportunities.
LINN Plans Cotton Valley/Bossier Test; Mulls Sale of MidCon Position
In its 2Q15 report, LINN detailed drilling plans for its Louisiana project as well as hinted at a potential sale or trade of its MidCon assets.