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Oil & Gas Exploration and Production

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Linn Energy Provides Strategic Update

11:45am GMT

Dec 14 (Reuters) - Linn Energy Inc ::LINN ENERGY PROVIDES STRATEGIC UPDATE.PLANS TO SEPARATE LINN INTO THREE STANDALONE COMPANIES BY MID-2018.INTENDS TO COMMENCE A TENDER OFFER TO PURCHASE AT LEAST $250 MILLION OF ITS STOCK.LINN ENERGY INC WILL SERVE AS A HOLDING COMPANY SOLELY FOR EXISTING 50 PERCENT EQUITY INTEREST OF ROAN​.BOARD COMMENCED REVIEW OF ALTERNATIVES FOR BLUE MOUNTAIN MIDSTREAM LLC.LINN ENERGY INC WOULD PREPARE TO UP LIST ON EITHER NYSE OR NASDAQ IN 2018​.COMPANY WILL CONTINUE TO "STRATEGICALLY" DIVEST NON-CORE ASSETS.‍SEPARATELY, COMPANY IS IN TALKS WITH CITIZEN ENERGY II TO CONSOLIDATE 100 PCT OF EQUITY IN ROAN INTO LNGG​.TO USE A PART OF CASH FROM SALES OF WILLISTON & WASHAKIE PROPERTIES FOR $485 MILLION TO FINANCE TENDER OFFER.

Cobalt International Energy, Inc. Commences Chapter 11 Cases To Facilitate Restructuring

11:00am GMT

Dec 14 (Reuters) - Cobalt International Energy:COBALT INTERNATIONAL ENERGY, INC. COMMENCES CHAPTER 11 CASES TO FACILITATE RESTRUCTURING.COBALT INTERNATIONAL ENERGY, INC. COMMENCES CHAPTER 11 CASES TO FACILITATE RESTRUCTURING.COBALT INTERNATIONAL ENERGY INC - CHAPTER 11 CASES ARE EXPECTED TO FACILITATE RESTRUCTURING PROCESS AND PROPOSED SALE OF COBALT'S ASSETS.COBALT INTERNATIONAL ENERGY INC - ‍EXPECTS TO CONDUCT BUSINESS IN ORDINARY COURSE.COBALT INTERNATIONAL ENERGY - CO'S CASH ON HAND EXPECTED TO PROVIDE CO WITH ADEQUATE LIQUIDITY TO FUND OPERATIONS DURING RESTRUCTURING PROCESS.COBALT INTERNATIONAL - ‍HAS BEEN ENGAGED IN DISCUSSIONS WITH FIRST LIEN NOTEHOLDERS, OTHERS REGARDING NEED FOR, SPONSORSHIP OF, TERMS OF RESTRUCTURING.COBALT INTERNATIONAL - ‍HAS ALSO BEEN ENGAGED IN DISCUSSIONS WITH FIRST LIEN NOTEHOLDERS, OTHERS FOR PROPOSED SALE OF COBALT'S ASSETS​.

Raging River Exploration Announces 2018 Capital Budget Of $335 Million

1:12am GMT

Dec 13 (Reuters) - Raging River Exploration Inc ::RAGING RIVER EXPLORATION INC. ANNOUNCES DUVERNAY LIGHT OIL DISCOVERY, OPERATIONAL UPDATE AND ANNOUNCES 2018 CAPITAL BUDGET OF $335 MILLION.RAGING RIVER EXPLORATION- ‍BUDGETED CAPEX EXPECTED TO INCREASE ANNUAL AVERAGE PRODUCTION IN 2018 TO 24,500 BOE/D (92% OIL).

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