Business Services Industry
Linn Energy closes on Kaiser-Francis acquisition
Journal Record, The (Oklahoma City), Aug 16, 2006 by Journal Record Staff
Linn Energy LLC announced Tuesday that it has closed its acquisition of certain Mid-Continent assets of Kaiser-Francis Oil Co., located in Oklahoma, for a contract purchase price of $125 million, subject to customary closing adjustments.
The company used its new secured revolving credit facility and bridge facility to finance the acquisition.
Linn Energy is an independent natural gas and oil company focused on the development and acquisition of properties that complement its asset profile both within the Appalachian Basin and elsewhere in the United States.
Copyright 2006 Dolan Media Newswires
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