Granite Wash
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 6, 2014 (October 3, 2014)
LINN ENERGY, LLC
(Exact name of registrant as specified in its charters)
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Delaware | | 000-51719 | | 65-1177591 |
(State or other jurisdiction of | | (Commission File Number) | | (IRS Employer Identification No.) |
incorporation or organization) | | | | |
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600 Travis, Suite 5100 | | |
Houston, Texas | | 77002 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (281) 840-4000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On October 3, 2014, Linn Energy, LLC (the “Company”), through certain of its wholly-owned subsidiaries, entered into an definitive purchase and sale agreement (the “Purchase and Sale Agreement”) to sell its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd. and FourPoint Energy, LLC, for a contract price of $1.95 billion, subject to satisfactory completion of title and environmental due diligence and closing conditions (the “Divestiture”). The Company anticipates that the Divestiture will close in the fourth quarter of 2014 with an effective date of September 1, 2014. There can be no assurance that all of the conditions to closing the Divestiture will be satisfied.
The foregoing description of the Purchase and Sale Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase and Sale Agreement, a copy of which will be filed with the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2014. A copy of the press release announcing the Divestiture is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibit.
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| 99.1 | | Press Release of Linn Energy, LLC dated October 3, 2014. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | LINN ENERGY, LLC |
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Date: October 6, 2014 | | By: | | /s/ Candice J. Wells |
| | | | Candice J. Wells |
| | | | Vice President, General Counsel and Corporate Secretary |
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