Linn and Quantum in acquisition alliance
USA In a company statement, chairman, president and chief executive officer of Linn Energy Mark Ellis stated, “Part of our strategic vision in a challenging commodity price environment is to position ourselves to be a buyer in a very opportune point in the commodity cycle.”
Linn announced a similar deal in January 2015 with GSO Capital Partners, The Blackstone Group’s credit arm, to fund drilling developments for already-existing properties owned by Linn.
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