LINN Energy and LinnCo Announce Early Termination of Hart-Scott-Rodino Waiting Period for Definitive Merger Agreement With Berry

LINN Energy and LinnCo Announce Early Termination of Hart-Scott-Rodino Waiting
Period for Definitive Merger Agreement With Berry Petroleum Company

HOUSTON, March 18, 2013 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) and
LinnCo, LLC (Nasdaq:LNCO) today announced that they have received early
termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, in connection with their proposed merger
with Berry Petroleum Company (NYSE:BRY), which was announced on February 21,
2013. The termination of this waiting period, which is effective as of March
13, 2013, satisfies one of the conditions to closing for LINN Energy and
LinnCo's proposed acquisition of Berry Petroleum Company.

The transaction is subject to other closing conditions, including the approval
of the shareholders of Berry and LinnCo and the unitholders of LINN
Energy.Subject to satisfaction of these other closing conditions, the
transaction is expected to close by June 30, 2013.

As previously announced on February 21, 2013, LINN Energy, LLC, LinnCo, LLC,
and Berry Petroleum Company have signed a definitive merger agreement pursuant
to which LINN and LinnCo will acquire all of Berry's outstanding shares for
total consideration of approximately $4.3 billion, including the assumption of
debt. The transaction, which is structured as a stock-for-stock merger of
Berry with LinnCo followed by the acquisition of the Berry assets by LINN, is
expected to be tax-free to Berry shareholders. This transaction represents the
first ever acquisition of a public C-Corp by an upstream LLC or MLP.


LINN Energy's mission is to acquire, develop, and maximize cash flow from a
growing portfolio of long-life oil and natural gas assets. LINN Energy is a
top-15 U.S. independent oil and natural gas development company, with
approximately 4.8 Tcfe of proved reserves in producing U.S. basins as of
December 31, 2012. More information about LINN Energy is available at

The LINN Energy logo is available at


LinnCo was created to enhance LINN Energy's ability to raise additional equity
capital to execute on its acquisition and growth strategy.LinnCo is a
Delaware limited liability company that has elected to be taxed as a
corporation for United States federal income tax purposes, and accordingly its
shareholders will receive a Form 1099 in respect of any dividends paid by
LinnCo.More information about LinnCo is available at


Berry Petroleum Company is a publicly traded independent oil and natural gas
production and exploitation company with operations in California, Texas,
Utah, and Colorado. The company uses its website as a channel of distribution
of material company information. Financial and other material information
regarding the company is routinely posted on and accessible at


This press release contains forward-looking statements concerning the proposed
transactions, its financial and business impact, management's beliefs and
objectives with respect thereto, and management's current expectations for
future operating and financial performance, based on assumptions currently
believed to be valid. Forward-looking statements are all statements other than
statements of historical facts. The words "anticipates," "may," "can,"
"plans," "believes," "estimates," "expects," "projects," "intends," "likely,"
"will," "should," "to be," and any similar expressions or other words of
similar meaning are intended to identify those assertions as forward-looking
statements. It is uncertain whether the events anticipated will transpire, or
if they do occur what impact they will have on the results of operations and
financial condition of LINN, LinnCo, Berry or of the combined company. These
forward-looking statements involve significant risks and uncertainties that
could cause actual results to differ materially from those anticipated,
including but not limited to the ability of the parties to satisfy the
conditions precedent and consummate the proposed transactions, the timing of
consummation of the proposed transactions, the ability of the parties to
secure regulatory approvals in a timely manner or on the terms desired or
anticipated, the ability of LINN to integrate the acquired operations, the
ability to implement the anticipated business plans following closing and
achieve anticipated benefits and savings, and the ability to realize
opportunities for growth. Other important economic, political, regulatory,
legal, technological, competitive and other uncertainties are identified in
the documents filed with the SEC by Berry, LINN and LinnCo from time to time,
including their respective Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements
included in this press release are made only as of the date hereof. None of
Berry, LINN nor LinnCo undertakes any obligation to update the forward-looking
statements included in this press release to reflect subsequent events or


In connection with the proposed transactions, LINN and LinnCo intend to file
with the SEC a registration statement on Form S-4 that will include a joint
proxy statement of LinnCo, LINN and Berry that also constitutes a prospectus
of LINN and LinnCo. Each of Berry, LINN and LinnCo also plan to file other
relevant documents with the SEC regarding the proposed transactions. INVESTORS
WILL CONTAIN IMPORTANT INFORMATION. You may obtain a free copy of the joint
proxy statement/prospectus (if and when it becomes available) and other
relevant documents filed by Berry, LINN and LinnCo with the SEC at the SEC's
website at You may also obtain these documents by contacting
LINN's and LinnCo's Investor Relations department at (281) 840-4193 or via
e-mail at or by contracting Berry's Investor Relations
department at (866) 472-8279 or via email at


Berry, LINN and LinnCo and their respective directors and executive officers
and other members of management and employees may be deemed to be participants
in the solicitation of proxies in respect of the proposed
transactions.Information about LINN's directors and executive officers is
available in LINN's proxy statement dated March 12, 2012, for its 2012 Annual
Meeting of Unitholders.Information about LinnCo's directors and executive
officers is available in LinnCo's Registration Statement on Form S-1 dated
June 25, 2012, as amended, with respect to its initial public offering of
common shares.Information about Berry's directors and executive officers is
available in Berry's proxy statement dated April 6, 2012, for its 2012 Annual
Meeting of Stockholders.Other information regarding the participants in the
proxy solicitations and a description of their direct and indirect interests,
by security holdings or otherwise, will be contained in the joint proxy
statement/prospectus and other relevant materials to be filed with the SEC
regarding the proposed transactions when they become available.Investors
should read the joint proxy statement/prospectus carefully when it becomes
available before making any voting or investment decisions.You may obtain
free copies of these documents from Berry, LINN, or LinnCo using the sources
indicated above.

This document shall not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the U.S. Securities Act
of 1933, as amended.

CONTACT: LINN Energy, LLC and LinnCo, LLC
         Investors & Media:
         Clay Jeansonne, Vice President, Investor and Public Relations
         Brook Wootton, Director, Investor and Public Relations
         Berry Petroleum Company
         Investors & Media:
         Zach Dailey, Manager, Investor Relations

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