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Linn Energy Announces Closings of $2.05 Billion Mid-Continent Acquisition and
$1.5 Billion Equity Private Placement;
New $1.8 Billion Credit Facility
08/31/07
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HOUSTON, Aug 31, 2007 (PrimeNewswire via COMTEX News Network) -- Linn Energy, LLC (Nasdaq:LINE) announced today that it has closed its previously announced acquisition of certain oil and gas properties in the Mid-Continent from Dominion Resources, Inc. (NYSE:D) for a contract price of $2.05 billion, subject to customary post closing adjustments....
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Linn Energy Announces Second Quarter 2007 Results
08/13/07
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HOUSTON, Aug. 13 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today financial and operating results for the three and six months
ended June 30, 2007.
Selected comparative highlights include the following:
-- For the second quarter of 2007 as compared to the first quarter of
2007, total pro...
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Linn Energy Announces Second Quarter 2007 Earnings Conference Call
08/07/07
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HOUSTON, Aug. 7 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today that management will host a teleconference call on Tuesday,
August 14, 2007 at 9:00 AM Eastern Time to discuss the Company's second
quarter 2007 results and its operating plans. Prepared remarks by Michael C.
Linn, Chairman, President and Chief Executi...
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Linn Energy to Acquire Oil and Gas Properties in the Texas Panhandle for $22.5 Million
08/02/07
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HOUSTON, Aug 2, 2007 (PrimeNewswire via COMTEX News Network) -- Linn Energy, LLC (Nasdaq:LINE) announced today that it has signed a definitive purchase agreement to acquire certain oil and gas properties in the Texas Panhandle for $22.5 million, subject to customary closing conditions and purchase price adjustments. The Company anticipates the a...
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Linn Energy Announces 10 Percent Increase in Cash Distribution
07/19/07
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HOUSTON, July 19, 2007 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) announced today a cash distribution for the second fiscal quarter of 2007 of $0.57 per unit, or $2.28 per unit on an annualized basis, for all of its outstanding units. This distribution represents a 10% increase over Linn Energy's distribution for the first fiscal quarter...
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Linn Energy to Acquire Mid-Continent Oil and Gas Properties from Dominion Resources, Inc. for
$2.05 Billion;
Announces $1.5 Billion Commitment of Private Equity
07/02/07
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HOUSTON, July 2 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today that it has signed a definitive purchase agreement to acquire
certain oil and gas properties in the Mid-Continent from Dominion Resources,
Inc. (NYSE: D) for a contract price of $2.05 billion, subject to customary
purchase price adjustments. These prop...
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Linn Energy Announces $260 Million Private Placement of Equity
05/30/07
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HOUSTON, May 30, 2007 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) announced today that it has entered into an agreement to issue and sell $260 million of equity securities to third party investors, led by Lehman Brothers MLP Opportunity Fund L.P. The securities consist of 7,761,194 units at $33.50 per unit. Upon closing of this offering, ...
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Linn Energy Announces First Quarter 2007 Results and Updated 2007 / 2008 Guidance
05/15/07
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HOUSTON, May 15, 2007 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) announced today financial and operating results for the quarter ended March 31, 2007 and guidance for the remainder of 2007 and for 2008.
For the first quarter of 2007 as compared to the fourth quarter of 2006, total production increased 41% to 5.4 Bcfe from 3.8...
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Linn Energy Announces First Quarter 2007 Earnings Conference Call
05/09/07
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HOUSTON, May 9 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today that management will host a teleconference call on Tuesday,
May 15, 2007 at 9:00 AM Eastern Time to discuss the Company's first quarter
2007 results and its outlook for the remainder of 2007 and the fiscal year
2008. Prepared remarks by Michael C. Linn,...
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Linn Energy to Acquire Oil and Gas Properties in the Texas Panhandle for $90.5 Million
05/07/07
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HOUSTON, May 7, 2007 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) announced today that it has signed a definitive purchase agreement to acquire certain oil and gas properties in the Texas Panhandle for $90.5 million, subject to customary closing conditions and purchase price adjustments. The Company anticipates the acquisition will close o...
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Linn Energy Declares Cash Distribution; Reiterates Anticipated Distribution Increase for Q2 2007
04/20/07
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HOUSTON, Apr 20, 2007 (PrimeNewswire via COMTEX News Network) -- Linn Energy, LLC (Nasdaq:LINE) announced today a cash distribution for the first quarter of 2007 of $0.52 per unit, or $2.08 per unit on an annualized basis, for all of its outstanding units. This distribution will be payable on May 15, 2007 to unitholders of record at the close of...
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Linn Energy Announces Conversion of Class C Units
04/05/07
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HOUSTON, April 5, 2007 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) announced today that at a Special Meeting of Unitholders, its unitholders approved the one-for-one conversion of each of its 7,465,946 outstanding Class C units into units. Holders of more than 99% of the units voting on the proposal voted in favor of approval. As a result...
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Linn Energy Announces 2006 Results and 2007 / 2008 Guidance
03/29/07
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HOUSTON, March 29, 2007 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) announced today financial and operating results for the year ended December 31, 2006 and guidance for 2007 and 2008. The Company demonstrated significant growth through acquisitions, and generated the following performance highlights for year end of 2006 as compared to th...
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Linn Energy Hires Charlene A. Ripley as Senior Vice President, General Counsel and Corporate Secretary
03/22/07
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HOUSTON, March 22, 2007 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) announced today the appointment of Charlene A. Ripley as Senior Vice President, General Counsel and Corporate Secretary. Ms. Ripley's career as an oil and gas lawyer spans over 19 years and includes nine years of experience in the role of General Counsel. Most recently, s...
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Linn Energy Announces Fourth Quarter 2006 Earnings Conference Call and Anticipated Filing of 2006 Form 10-K
03/14/07
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HOUSTON, March 14 /PRNewswire-FirstCall/ -- Linn Energy, LLC
(Nasdaq: LINE) announced today that management will host a teleconference call
on Thursday, March 29, 2007 at 9:00 AM Eastern Time to discuss the Company's
fourth quarter 2006 results and its outlook for the 2007 fiscal year.
Prepared remarks by Michael C. Linn, Chairman, President...
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Linn Energy Announces Closing of Texas and Appalachian Basin Acquisitions for $454 Million; Closing of $360 Million Equity Private Placement
02/01/07
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HOUSTON, Feb. 1 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today that it has closed its previously announced acquisition of
certain oil and gas properties and related assets in the Texas Panhandle from
Stallion Energy for a contract price of $415 million. In addition, the
Company closed the previously announced acqu...
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Linn Energy Announces Increase in Quarterly Cash Distribution
01/19/07
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HOUSTON, Jan. 19 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today a cash distribution for the fourth quarter of 2006 of $0.52
per unit, or $2.08 per unit on an annualized basis, for all of its outstanding
units. This distribution represents a 21% increase over Linn Energy's
distribution for the third quarter of 2006...
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Linn Energy Announces Unitholder Approvals
01/18/07
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HOUSTON, Jan 18, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today that at a Special Meeting of Unitholders, its unitholders
approved the one-for-one conversion of each of its 9,185,965 outstanding Class
B units into units. Additionally, the Company's unitholders approved an
amendment to ...
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Linn Energy Announces Significant Additional Hedges Through 2011
01/09/07
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HOUSTON, Jan. 9 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today that it has expanded its commodity hedging program to include
contracts covering a significant percentage of its anticipated oil and gas
production for five years (2007-2011). The contracts include fixed price
swaps and puts. In addition, the Company ...
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Linn Energy to Acquire Private Oil and Gas Company in the Texas Panhandle for $415 Million
and Two Appalachian Basin Properties for $39 Million; Announces $360 Million Commitment
of Private Equity
12/13/06
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HOUSTON, Dec. 13 /PRNewswire-FirstCall/ -- Linn Energy, LLC (Nasdaq: LINE)
announced today that it has signed definitive purchase agreements to acquire
oil and gas properties in three separate transactions for an aggregate
purchase price of $454 million. The first transaction involves the acquisition
of a private oil and gas company with ope...
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