Linn Energy exits California with latest asset sale

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Houston-based Linn Energy Inc. (OTCQB: LNGG) is selling off the rest of its California assets in a $100 million deal. This is the latest of several divestitures Linn has announced since emerging from bankruptcy earlier this year. In the deal announced June 7, Linn is selling approximately 2,000 net acres in the Brea-Olinda Field, which are in Orange and Los Angeles counties, to an undisclosed buyer. It’s expected to close by the end of July. Tudor, Pickering, Holt & Co. and Jefferies LLC acted…


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