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”...
The Los Angeles County Department of Public Health confirmed 12 new deaths throughout L.A. County, 1,288 new cases countywide and 44 new cases in the Santa Clarita Valley.
The Los Angeles County Board of Supervisors approved a motion today authored by Supervisor Kathryn Barger that creates more awareness regarding suicide prevention in Los Angeles County.
California State Senator Scott Wilk, R-Santa Clarita, announced that Senate Bill 1089 (Turkey Divestment Extension Bill), a bill he authored, has been signed into law.
The Los Angeles County Sheriff's Museum will host the inaugural Haunted "Bones' Gulch" Halloween Attraction on Saturday nights Oct. 1-29. The final night of the attraction will be Sunday, Oct. 30. Proceeds go toward the LASD Museum.
Santa Clarita Valley resident Kevin Karzin was named a gold medalist during the Professional Photographers of America’s 2022 International Photographic Competition.
City of Santa Clarita Environmental Services will present a class on the importance of rainwater harvesting and proper installation and maintenance of rain barrels on Saturday, Oct. 8 from 9 a.m. to 11 a.m.
Jessi Swenning was not going to be stopped. The 5-11 middle blocker led The Master's University Lady Mustangs with 15 kills and five blocks, hitting .464 in the match, as Master's defeated the William Jessup Warriors 3-1 Saturday in the MacArthur Center for their third GSAC win in a row.
The Los Angeles County Health Officer has issued a heat warning as high temperatures have been forecast for the Santa Clarita Valley Monday through Tuesday.
With Monday's announcement from Transport Canada to remove all COVID-19 requirements to enter the country, Princess Cruises is prepared to welcome all guests on cruises visiting, arriving or departing from Canadian ports, including its Canada/New England voyages and Alaska cruises where the cruise line is the industry leader.
California State University, Northridge's Cooper Wenzel recorded four saves on his way to his second shutout of the season Saturday night as CSUN and University of Texas Rio Grande Valley played to a 0-0 tie in men's soccer action at Matador Soccer Field.
College of the Canyons Women's Soccer suffered its first loss of the season with a 4-2 road defeat at the hands of Saddleback College on Tuesday, Sept. 20.
The 23rd season of KCET’s Fine Cut Festival of Films kicked off Wednesday, Sept. 21, with recent California Institute of the Arts graduate Adam Musa Othman (Film/Video BFA 2022) taking home Best Animation for his short “Horned Cook, Gola.”
College of the Canyons will be recognizing the 50th Anniversary of the passage of Title IX in 1972 with a variety of ongoing campus events and special recognitions throughout the 2022-23 academic year.
The regular meeting of the William S. Hart Union High School District’s Governing Board will take place Wednesday, Sept. 28, beginning with closed session at 5:45 p.m., followed immediately by open session at 7 p.m.
The Los Angeles County Department of Public Health confirmed Monday no new deaths and 108 new cases in the Santa Clarita Valley over the weekend, with a total of 33 deaths and 3,196 new cases countywide.
1970 - Lagasse family helps save Mentryville buildings as Newhall and Malibu brush fires erupt & join into worst fire in SoCal history. Twelve fires over 10 days burn 525,000 acres, kill 13 people and destroy approx. 1,500 structures. [story]
