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”...
L.A. County Board of Supervisors Chair Kathryn Barger proclaimed a state of emergency in the county Sunday, as the sheriff sets a 6 p.m. curfew countywide to address widespread unrest following the death of George Floyd in Minneapolis on May 25.
The Los Angeles County Department of Public Health confirmed Sunday 1,379 new cases of COVID-19 and 25 new deaths due to the virus countywide, and a total of 1,547 cases reported in the Santa Clarita Valley since the pandemic began, 89 more than Saturday.
Using diluted bleach on a cloth wipe, I clean all sinks, counters, knobs, buttons, light switches, ground phones, faucets, remote controls, keyboards, mouse and table tops. Takes me five minutes. Everyone should be doing this.
The Los Angeles County Department of Public Health confirmed Saturday 2,112 new cases of COVID-19 and 48 new deaths due to the virus countywide, and a total of 1,458 cases reported in the Santa Clarita Valley since the pandemic began, 152 more than reported Friday.
A crowd of several hundred gathered Saturday in Santa Clarita to protest police violence as part of a nationwide reaction to several high-profile deaths in recent months.
One morning, it was pea-soup foggy as I thumped across an aged railroad trestle while the sun rose, casting stick-like tree shadows across my path. Momentarily entranced by the scene, I suddenly realized I was running through a swarm of small flies.
WASHINGTON (CN) — Chief Justice John Roberts sided with the liberal wing of the Supreme Court in a late-night ruling Friday declining to block California’s restrictions on reopening places of worship amid the coronavirus pandemic.
As fire season in Los Angeles grows closer, Angeles National Forest officials are reminding visitors to pay attention to the fire use restrictions in place before visiting the national forest.
The Los Angeles County Treasurer and Tax Collector is in the process of mailing Notices of Delinquency to property owners who have not paid their property taxes in full for the 2019-20 tax year. Delinquent taxes from the 2019-20 tax year will default if payment is not received by 5:00 p.m. Pacific Time or postmarked by the United States Postal Service before midnight on Tuesday, June 30, 2020.
The city of Santa Clarita's Planning Commissioners will consider extending the timeframe for a 90,900-square-foot business development on Sierra Highway and hear public comments on a proposed 375-unit residential development in Saugus at the commission's next meeting on Tuesday, June 2, starting at 6 p.m.
California Department of Public Health officials gave Los Angeles County the OK Friday to reopen restaurants for in-person dining and allow barbershops and hair salons to resume offering services.
The Los Angeles County Department of Public Health confirmed Friday 1,824 new cases of COVID-19 and 50 new deaths due to the virus countywide, and a total of 1,306 cases reported in the Santa Clarita Valley since the pandemic began, 122 more than reported Thursday.
California will enter the next phase of reopening its economy, but decisions will be left up to individual counties, Governor Gavin Newsom said Friday.
CVS Health has opened additional COVID-19 test sites at select CVS Pharmacy drive-thru locations, including the Canyon Country location at 26861 Sierra Highway.
During the COVID-19 pandemic, it is hard to sort through true and false claims promoted by researchers that could be for profit and even harm the public.
Artist, writer, educator and CalArts alum Audrey Chan (Art MFA 07) has been named the first-ever resident artist by the American Civil Liberties Union of Southern California.
CSUN’s Class of 2019-2020 worked too hard — and overcame too many challenges — not to celebrate the completion of this chapter in their academic journey, at least virtually.
The COVID-19 pandemic has required people to stay at home as much as possible. For those in abusive households, “Safer at Home” orders heightened the risk factors associated with child maltreatment, domestic violence and sexual assault.
The Valley Industry Association aka VIA will launch a member-exclusive online business coaching program, called "Breakfast Club," on Friday, June 5, from 8 a.m. to 9:15 a.m.
The California State Senate rejected Governor Gavin Newsom’s proposed budget cuts to sectors like education and health care Thursday, instead seeking to draw down more reserves, raise taxes on certain industries and borrow against the future to make up an estimated $54 billion shortfall.
