As expected, Houston-based LINN Energy LLC, along with affiliate LinnCo and their subsidiary Berry Petroleum Co., filed for Chapter 11 bankruptcy protection this week.
One of the 20 largest U.S. oil and gas producers, the companies carry $9.3 billion in debt. While oil prices have rebounded somewhat...
LINN Energy LLC, the nose-diving owner of the company that operates the Placerita Oil Field, took another hit Friday when another analyst downgraded its shares to “sell” and said bankruptcy is right around the corner.
“We believe the company will likely file for Chapter 11 after the next round...
CEO Mark E. Ellis will receive up to $6.9 million this year in cash bonuses, and other executives will receive millions if they stay through the coming restructuring of their oil company.
Floundering over the last two years as world oil prices have plummeted, late last week LINN Energy, the Houston-based...
LINN Energy LLC and its affiliate LinnCo, parent owners of the Placerita Canyon oil field, announced late last week they’ve “initiated a process to explore strategic alternatives” and have zeroed out their $3.6 billion credit facility, withdrawing the last $919 million for “general corporate...
Placerita operations off of Sierra Highway. (SCVTV)
Berry Petroleum Co. shareholders voted Monday to accept a buyout offer with an estimated value of $4.9 billion from Houston-based LINN Energy and LinnCo, which becomes the 12th largest U.S. oil and gas company with the merger. LINN and LinnCo shareholders...
Berry Petroleum Co., owner of the Placerita oil field and other oil properties in Kern County, West Texas, Utah and Colorado, announced Wednesday that the leading independent proxy voting advisory firm Institutional Shareholder Services has recommended that Berry stockholders vote for the proposed merger...
Five months after it was expected to be finalized, the proposed buyout of Berry Petroleum Co., owner of the Placerita oil field off of Sierra Highway in Newhall (and larger oil and gas properties in Kern County, Colorado, Utah and West Texas), can go forward, if shareholders approve the deal next month.
The...
Linn Energy LLC is offering approximately $600 million more to buy Berry Petroleum Co., under a merger deal announced Monday by both companies.
Linn, based in Houston, is one of the nation’s top-15 oil and natural gas producers. Berry owns the Placerita oilfield (off of Sierra Highway in Newhall)...
Berry Petroleum Co., owner of the Placerita oil field off of Sierra Highway – and significantly larger fields in Kern County, West Texas, Utah and Colorado – posted adjusted second-quarter profits of $41 million (73 cents per diluted share), dead-even with the year-ago figure and up markedly from...
In the aftermath of Thursday’s announcement that Berry Petroleum Co.’s board of directors has agreed to sell the company to to Linn Energy in an all-stock transaction valued at nearly 20 percent over Berry’s then-current trading price, several law firms said Friday they’re “investigating”...
College of the Canyons has received a $74,707 Campus as a Living Lab (CALL) grant from the National Science Foundation (NSF) to provide opportunities for underrepresented community college students to engage in undergraduate research focusing on native bees.
The city of Santa Clarita is excited to host “Moments of Zen” as the latest art exhibition featured in City Hall’s First Floor Gallery, located at 23920 Valencia Boulevard.
Local nonprofit Fostering Youth Independence (FYI) held its fifth annual Back to School Bash, where students received backpacks and school supplies for the upcoming semester, and for the first time also featured a career fair featuring eleven speakers from the FYI community who explained their jobs and career qualifications.
The Los Angeles County Department of Public Health continues cautioning residents who are planning to visit several Los Angeles County beaches, including beaches near Hyperion, to be careful of swimming, surfing, and playing in ocean waters around discharging storm drains, creeks, and rivers.
Los Angeles County is holding a free, drive-thru Household Hazardous Waste & E-Waste Recycling Collection on Saturday, July 31, from 9:00 a.m. - 3:00 p.m., at the Via Princessa Metrolink Station.
The Los Angeles County Department of Public Health confirmed Thursday 17 new deaths, including one in the Santa Clarita Valley and 3,248 new cases of COVID-19 countywide, with 29,772 total cases in the Santa Clarita Valley.
With the reinstatement of in-person instruction this Fall, the Outlets at Tejon is excited to help students, teachers, and parents with all their back-to-school shopping.
The Los Angeles County Department of Arts and Culture (Arts and Culture) has announced Leticia Rhi Buckley has joined its Arts Commission, L.A. County’s longstanding advisory body for the arts.
Yair Haimoff, SIOR, and Andrew Ghassemi of Spectrum Commercial Real Estate, are pleased to have represented the seller in the recent sale of this ±4,828-square-foot office/flex condo in a prime Valencia location.
As the Santa Clarita Public Library takes a programming break to prepare for Fall programming in September, residents are reminded to take advantage of the wide variety of services and online resources available.
The Los Angeles County Health Officer has extended a Heat Alert as high temperatures have been forecast for the Santa Clarita Valley through Sunday, Aug. 1.
Following a year of cancellations due to the COVID-19 pandemic, the city of Santa Clarita’s wildly popular SENSES block parties will make their triumphant return to Main Street in Old Town Newhall.
The Los Angeles County Department of Public Health is cautioning residents who are planning to visit several Los Angeles County beaches near Dockweiler and El Segundo to be careful of swimming, surfing, and playing in ocean waters around discharging storm drains, creeks, and rivers.
The Los Angeles County Department of Public Health confirmed Wednesday 15 new deaths and 2,454 new cases of COVID-19 countywide, with 29,668 total cases in the Santa Clarita Valley.
The city of Santa Clarita is looking for public feedback on a public safety grant proposal for the U.S. Department of Justice’s Edward Byrne Memorial Justice Assistance Grant program.
The California Department of Public Health has updated their guidance for face coverings statewide, aligning it with the mandates that L.A. County and the CDC calling for the public to wear masks indoors regardless of vaccination status.
The Los Angeles County Board of Supervisors approved a substitute motion authored by Kathryn Barger and Hilda L. Solis, in response to the proposed motion by Holly Mitchell and Shelia Kuehl that would move forward with the placement of youth realigned from the Department of Juvenile Justice and the L.A. County Probation system, specifically at Camps Scott and Scudder in Santa Clarita.
The Los Angeles County Board of Supervisors approved a motion by Supervisor Kathryn Barger and coauthored by Supervisor Hilda L. Solis to create a Blue Ribbon Commission on Homelessness to assess existing structures and systems and provide recommendations on reforms that will help Los Angeles County and its 88 cities solve homelessness.
