LINN Energy Announces Public Offering of Units

HOUSTON, May 18, 2015 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq: LINE) announced today that it plans to conduct a public offering of 16,000,000 of its units representing limited liability company interests pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission. LINN Energy expects to grant the underwriters a 30-day option to purchase up to an additional 2,400,000 units. Net proceeds from the offering are expected to be used to repay debt under LINN Energy's Credit Facility, which debt was primarily incurred to fund the open market repurchases of LINN and Berry's senior notes.

Raymond James & Associates, Inc., BofA Merrill Lynch, Barclays Capital Inc., Citigroup, Credit Suisse, J.P. Morgan, Morgan Stanley & Co. LLC and RBC Capital Markets will act as joint book-running managers for the offering. When available, a copy of the prospectus and related prospectus supplement relating to the offering may be obtained from:

Raymond James & Associates, Inc. Attn: Equity Syndicate 880 Carillon Parkway St. Petersburg, FL 33716 Phone: (800) 248-8863 Email: [email protected]

BofA Merrill Lynch 222 Broadway New York, NY 10038 Attn: Prospectus Department Phone: (866) 500-5408 Email: [email protected]

Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: (888) 603-584 Email: [email protected]

Citigroup c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Phone: (800) 831-9146 Email: [email protected]

Credit Suisse Attn: Prospectus Department One Madison Avenue New York, New York 10010 Phone: (800) 221-1037 Email: [email protected]

J.P. Morgan c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Attn: Prospectus Department Phone: (866) 803-9204

Morgan Stanley & Co. LLC 180 Varick Street, 2nd Floor New York, NY 10014 Attn: Prospectus Department

RBC Capital Markets Attn: Equity Syndicate Three World Financial Center 200 Vesey St., 8th Floor New York, NY 10281 Phone: (877) 822-4089 Email: [email protected]

This press release does not constitute an offer to sell or a solicitation of an offer to buy units or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of a prospectus supplement and related base prospectus.

ABOUT LINN ENERGY

LINN Energy's mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. LINN Energy is a top-20 U.S. independent oil and natural gas development company, with approximately 7.3 Tcfe of proved reserves in producing U.S. basins as of December 31, 2014.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release includes "forward-looking statements." All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes, targets or anticipates will or may occur in the future are forward-looking statements. These statements include, but are not limited to forward-looking statements about acquisitions, divestitures and trades, potential strategic alliances, timing and payment of distributions, and the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company, including the Company's drilling program, production, hedging activities, capital expenditure levels and other guidance included in this press release. These statements are based on certain assumptions made by the Company based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to the Company's financial performance and results, availability of sufficient cash flow to pay distributions and execute its business plan, prices and demand for oil, natural gas and natural gas liquids, the ability to replace reserves and efficiently develop current reserves and other important factors that could cause actual results to differ materially from those projected as described in the Company's reports filed with the Securities and Exchange Commission. See "Risk Factors" in the Company's Annual Report on Form 10-K and other public filings.

Any forward-looking statement speaks only as of the date on which such statement is made and, except as required by law, the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

CONTACT: LINN ENERGY, LLC

         Investors & Media:

         Clay Jeansonne - Vice President - Investor Relations
         281-840-4193

         Sarah Nordin - Public Relations & Media
         713-904-6605

Source: LINN Energy, LLC

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