LINN Energy Mergers and Acquisitions Summary

Oil/gas Exploration Company

LINN Energy has acquired 4 companies. A total of 2 acquisitions came from private equity firms. It has also divested 5 assets.

LINN Energy’s largest acquisition to date was in 2013, when it acquired Berry Petroleum Company for $4.3B. It’s largest disclosed sale occurred in 2008, when it sold Linn Energy - Appalachian Properties to XTO Energy for $600M. LINN Energy has acquired in 3 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Join Mergr and gain access to LINN Energy’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity3
    • M&A Sell Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 1

LINN Energy LLC

600 Travis, Suite 5100,
Houston, Texas 77002
United States,
(281) 840-4000
www.linnenergy.com

LINN Energy acquires, develops and maximizes cash flow from a portfolio of oil and natural gas assets. LINN Energy is an independent oil and natural gas company with properties located in the United States. LINN's portfolio includes assets in the Hugoton Basin, the Rockies, California, east Texas and north Louisiana, the Mid-Continent, Michigan/Illinois, the Permian Basin, and south Texas. LINN Energy was formed in 2003 and is based in Houston, Texas. On May 11, 2016, LINN Energy filed for bankruptcy.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 3 - - - - - 3
vol $5.3B $5.3B
Sell (0.4/yr) # 3 - 2 - - - 5
vol $1.1B $580M $1.7B
  8

Most Recent M&A

Company Date Value Type
LINN Energy LLC - Williston Basin 2017-12-06 - Divestiture
, United States
LINN Energy - Jonah & Pinedale Fields 2017-05-02 580M USD Divestiture
, United States
Linn Energy - Oil & Gas Properties 2014-10-03 350M USD Divestiture
, United States
Berry Petroleum Company LLC 2013-02-21 4.3B USD Add-on Acquisition
Houston, Texas · www.bry.com
Linn Energy LLC - Verden Assets 2008-08-15 185M USD Divestiture
, Oklahoma
Linn Energy LLC - Appalachian Properties 2008-07-01 600M USD Divestiture
, Texas
Lamamco Drilling - Oil and Gas properties 2008-01-31 552M USD Divestiture
, United States
Blacksand Energy LLC 2006-07-24 416M USD Add-on Acquisition
Denver, Colorado
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (100%) 5.3B (100%) 5 (100%) 1.7B (100%)
Total 3 $5.3B 5 $1.7B

By Geo

State/Country Buy Value Sell Value
United States 3 5.3B 5 1.7B
  Texas 1 4.3B 1 600M
  Colorado 1 416M - -
  Oklahoma - - 1 185M
Total 3 $5.3B 5 $1.7B

Top M&A Advisors

Legal Deals
Latham & Watkins
1

Deal Values

buy # Total
> $1B 1 $4.3B
$100M to $1B 2 $968M
TOTAL $5.3B
Largest Berry Petroleum Company LLC
$4.3B (2013-02-21)
sell # Total
$100M to $1B 4 $1.7B
TOTAL $1.7B
Largest Linn Energy LLC - Appalachian Properties
$600M (2008-07-01)

M&A Connections

Deals %
Acquired from
PE Firm(s)
67%
2 67%
Strategic(s)
33%
1 33%
Divested to
PE Firm(s)
20%
1 20%
Strategic(s)
80%
4 80%

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