On May 11, 2016, LINN Energy and certain of its subsidiaries announced that they have filed voluntary petitions for restructuring under Chapter 11 of the U.S. Bankruptcy Code.
The Company will continue operations across its asset base in the ordinary course throughout this financial restructuring process. LINN fully expects to pay its employees and meet its obligations to suppliers and vendors in the ordinary course after the filing and throughout the court-supervised financial restructuring process. We believe that these steps will provide us the financial flexibility to successfully manage in the current commodity price environment and when combined with constructive agreements with our remaining creditors and potential third party financing, will provide a platform for future growth.
Information and Resources
Working Interest Partners:
Case Information: Court filings and other information related to the court-supervised proceedings are available at a website administered by the Company’s claims agent, Prime Clerk, at https://cases.primeclerk.com/linn
Restructuring Hotline: 844-794-3479 (U.S.), or 917-962-8892 (international)
Media Contacts: Public Relations and Media at (281) 840-4388