Linn Energy LLC, affiliate LinnCo LLC, and Quantum Energy Partners have signed definitive agreements to fund the acquisition and development of oil and gas properties through an alliance, QL Energy I LLC, for which they signed preliminary agreements earlier this year (OGJ Online, Mar. 14, 2015).
Quantum agreed to an initial commitment of $1 billion to the alliance, also called AcqCo.
Linn will be able to participate in all acquisitions with working interests of 15-50% and will manage AcqCo assets.