Monday, February 9, 2026

Linn Energy Files, Pushing Oil & Gas Bankruptcies to $11.8 Billion this Week

Linn Energy files bankruptcy with $9.4 billion in debt on the balance sheet The total dollar amount of oil and gas bankruptcies grow substantially this week when Linn Energy (Ticker: LINE) announced that it has filed for Chapter 11 on May 11, 2016. The company said previously that current commodity prices, mixed with its weak balance sheet could potentially make