S&P Places Linn Energy, LLC (LINE) on CreditWatch Negative

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Linn Energy, LLC (LINE) Declares $0.2416 Monthly Dividend; 8.9% Yield

July 1, 2014 4:00 PM EDT

Linn Energy, LLC (NASDAQ: LINE) declared a monthly dividend of $0.2416 per share, or $2.8992 annualized.

The dividend will be payable on July 16, 2014, to stockholders of record on July 11, 2014, with an ex-dividend date of July 9, 2014.

The annual yield on the dividend is 8.9... More

Linn Energy (LINE) to Acquire U.S. non-Core Oil, Gas Assets of Devon Energy (DVN) in $2.3B Deal (LNCO)

June 30, 2014 9:02 AM EDT

LINN Energy, LLC (Nasdaq: LINE) and LinnCo, LLC (Nasdaq: LNCO) announced that LINN has signed a definitive agreement to acquire assets in five U.S. operating areas from Devon Energy Corporation (NYSE: DVN) ("Devon") for $2.3 billion. The assets are currently producing approximately 275 MMcfe/d, approximately 80 percent of which is natural gas, with a shallow base decline of approximately 14 percent. Total proved reserves are estimated to be between 1.3-1.5 Tcfe (approximately 75 percent PDP) with total resource potential of approximately 3 Tcfe. The asset package is comprised of... More