Linn Energy to sell more assets, first deal in noncore divestiture program

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Houston-based Linn Energy Inc. (OTCQB: LNGG) has reached a deal to sell California assets to an undisclosed buyer for $263 million. The is the second deal Linn has reached since emerging from bankruptcy in February and the first that’s part of the company’s previously announced noncore divestiture program. The deal announced May 23 is expected to close by July 31. Linn will sell its interest in properties in the San Joaquin Basin, in Kern County, California. Those properties consist of about 500…


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