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Linn Energy LLC Announces $1 Billion Acquisition of BP's Jonah Field Properties
Linn Energy LLC announced that it has signed a definitive purchase agreement to acquire properties in the Jonah Field, located in the Green River Basin of southwest Wyoming, from BP America Production Company for a contract price of $1.025 billion. The Company anticipates the acquisition will close on or before July 31, 2012, and will be financed with proceeds from borrowings under its revolving credit facility. Barclays Capital, BMO Capital Markets and RBC Richardson Barr acted as financial advisors to LINN Energy for the acquisition.
Latest Developments for Linn Energy LLC
- Linn Energy LLC And LinnCo Announce Early Termination Of Hart-Scott-Rodino Waiting Period for Definitive Merger Agreement With Berry Petroleum Company
- Linn Energy LLC And LinnCo LLC To Acquire Berry Petroleum Co For $4.3 Billion
- Linn Energy LLC Issues Q4 2012 EBITDA Guidance; Raises FY 2012 EBITDA Guidance-Conference Call
- Linn Energy LLC Announces Pricing of LinnCo, LLC IPO
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