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Linn

Linn to Cease Trading in Reorganization with Roan Entities

Roan Resources Inc., newly formed by Linn Energy Inc., Roan Holdings LLC and Roan LLC, expects to begin trading over the counter by the end of the month as a pure-play Oklahoma explorer.

September 18, 2018

Oklahoma Pure-Play Roan Moving to Double Production in 2019

Roan Resources LLC executives said their new pure-play exploration and production (E&P) company plans to deploy an eighth rig in Oklahoma’s stacked plays by the end of the year, with a goal of more than doubling production by the end of 2019.

July 31, 2018

Linn Energy Unanimously Approves Riviera Spinoff

Linn Energy Inc.’s board has unanimously approved spinning off Riviera Resources LLC, an upstream and midstream outfit with assets in several unconventional regions that initially owould include Blue Mountain Midstream LLC.

July 25, 2018

Linn Now Eyeing Split into Two Onshore Companies; Management Team Stepping Aside

Linn Energy Inc. revised its initial plan to separate into three standalone companies and now expects to break into two entities in 3Q2018: a pure play exploration and production (E&P) company focused on the Midcontinent, and an upstream and midstream outfit with assets in several unconventional regions. The entire management team, including CEO Mark Ellis, also is planning to retire.

April 19, 2018

Linn Buying More Shares, Still Planning to Separate by Mid-2018

Linn Energy Inc. has repurchased about 5.9 million shares for $206 million as part of its ongoing $400 million share buyback program and expects to have $405 million in cash on hand at the end of the first quarter, as it continues to consider separating into three standalone companies in 2018.

February 27, 2018

Blue Mountain Merging More Acreage into Oklahoma Midstream System

About 7,200 acres in Oklahoma’s Merge prospect have been dedicated to Blue Mountain Midstream LLC’s Chisholm Trail system, Linn Energy Inc. said Wednesday.

December 27, 2017
Linn Preparing to Separate E&P, Midstream Businesses

Linn Preparing to Separate E&P, Midstream Businesses

Houston-based independent Linn Energy Inc., which began to gain traction this year after being laid low during the industry collapse, is setting its sights on creating three standalone companies by mid-2018, all designed to boost the value of the enterprise.

December 14, 2017

Linn Further Pares Portfolio, Selling Williston Properties for $285M

Houston-based Linn Energy said Monday it has signed a definitive agreement to sell its interest in properties in the Williston Basin for $285 million to an undisclosed buyer.

October 23, 2017

Linn Casts Off Washakie Properties for $200M, Boosts Share Repurchases

Houston-based Linn Energy Inc. is continuing to pare its portfolio, announcing Wednesday it has secured $200 million for the Washakie field in Wyoming.

October 4, 2017

Linn’s Renamed Midstream Arm Blue Mountain Clinches Deal for Oklahoma Cryogenic Plant

Houston-based Linn Energy Inc., its focus now on upstream and midstream opportunities in the Midcontinent, has renamed its midstream subsidiary Blue Mountain Midstream LLC and said the unit has an agreement to build a cryogenic natural gas plant in Oklahoma.

July 17, 2017
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