Linn Energy, LLC Announces $1.2 Billion Acquisition Of BP's Hugoton Basin Properties

Linn Energy, LLC announced that it signed a definitive purchase agreement to acquire Hugoton Basin properties located in Kansas from BP America Production Company for a contract price of $1.2 billion, subject to closing conditions. The Company anticipates the acquisition will close on or before March 30, 2012, and will be financed with proceeds from borrowings under its revolving credit facility. RBC Richardson Barr, Barclays Capital and BMO Capital Markets acted as financial advisors to LINN Energy for the acquisition.