Aspect Holdings, LLC is a Denver, CO based diversified energy company focused on identifying, leasing and developing shale gas and tight sand gas plays in onshore U.S. basins, exploration and development opportunities in Hungary and surrounding eastern European countries, as well as in Kurdistan.

Houston, TX—(Business Wire) — November 3, 2014—Quantum Energy Partners (“Quantum”) and ExL Petroleum (“ExL”) are pleased to announce the formation of ExL Petroleum Management, LLC to engage in the acquisition and development of oil and gas assets across the Permian Basin. Quantum and members of the ExL management team have collectively made capital commitments in excess of $500 million to this partnership.

ExL was founded in 2005 by Doug Robison, Dave Feavel, and Mike LaMonica (together the “Management Partners”) and since inception has acquired, developed, and sold multiple Permian Basin asset packages for proceeds in excess of $1 billion at very attractive returns. Prior to founding ExL, the Management Partners each served as senior managers of Henry Petroleum, a highly successful Midland, Texas-based independent oil and gas company.

ExL will continue to be led by the Management Partners and has a complement of 25 senior professionals. The team includes Scott Dinger, Chief Operating Officer, who has been a part of the ExL management team since 2008 and Mark Gully, Director of Business Operations & Geosciences, who joined ExL in 2006 and also worked with the Management Partners for ten years at Henry Petroleum. This highly experienced and proven team is focused on building a sizeable business in West Texas that is grounded in superior technical and operating expertise.

Robison remarked on the closing, “We are thrilled to be partners with Quantum. It’s no secret that the Permian Basin has been turned on its side with the surge of horizontal activity. Quantum’s level of capital commitment and financial expertise, coupled with ExL’s operational excellence and history in the Permian Basin, will allow ExL to substantially grow its business and remain very competitive in the top oil and gas play in the world.”

Dheeraj Verma, Managing Director of Quantum commented, “We are excited to be partnering with a team as accomplished and entrepreneurial as ExL. We share a common passion for the oil and gas business and a commitment to building successful companies in Midland, TX. This team has a relentless focus on superior execution, something that will serve them well as they partner with landowners and other companies to accelerate the horizontal redevelopment of the Permian Basin.”

About ExL Petroleum Management, LLC

Based in Midland, Texas, ExL will focus on the acquisition and development of oil and gas assets in the Permian Basin. The company currently employs approximately 25 professionals with experience across a range of disciplines including engineering, geology, operations, and accounting. For more information on ExL, please visit www.exlpetroleum.com or contact Scott Dinger at (432) 686-8080.

About Quantum Energy Partners

Founded in 1998, Quantum Energy Partners is a leading provider of private equity capital to the global energy industry having managed, together with its affiliates, more than $9 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

Blake Webster

Director

Blake participates in Quantum’s investment activities, including investment sourcing, transaction structuring and execution, and working closely with portfolio companies in developing and executing their business plans.

Prior to joining Quantum, Blake was an Associate with Morgan Stanley in its Global Energy and Utilities Equity Research group with coverage across the upstream, midstream, and power sectors. Prior to Morgan Stanley, he was an Associate with Southwest Bank of Texas. Blake holds a B.A. from the University of Texas at Austin and an M.B.A. from Rice University and is a C.F.A. Charterholder.

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NOVEMBER, 2014

Houston, TX—(Business Wire) — November 3, 2014—Quantum Energy Partners (“Quantum”) and ExL Petroleum (“ExL”) are pleased to announce the formation of ExL Petroleum Management, LLC to engage in the acquisition and development of oil and gas assets across the Permian Basin. Quantum and members of the ExL management team have collectively made capital commitments in excess of $500 million to this partnership.

ExL was founded in 2005 by Doug Robison, Dave Feavel, and Mike LaMonica (together the “Management Partners”) and since inception has acquired, developed, and sold multiple Permian Basin asset packages for proceeds in excess of $1 billion at very attractive returns. Prior to founding ExL, the Management Partners each served as senior managers of Henry Petroleum, a highly successful Midland, Texas-based independent oil and gas company.

ExL will continue to be led by the Management Partners and has a complement of 25 senior professionals. The team includes Scott Dinger, Chief Operating Officer, who has been a part of the ExL management team since 2008 and Mark Gully, Director of Business Operations & Geosciences, who joined ExL in 2006 and also worked with the Management Partners for ten years at Henry Petroleum. This highly experienced and proven team is focused on building a sizeable business in West Texas that is grounded in superior technical and operating expertise.

Robison remarked on the closing, “We are thrilled to be partners with Quantum. It’s no secret that the Permian Basin has been turned on its side with the surge of horizontal activity. Quantum’s level of capital commitment and financial expertise, coupled with ExL’s operational excellence and history in the Permian Basin, will allow ExL to substantially grow its business and remain very competitive in the top oil and gas play in the world.”

Dheeraj Verma, Managing Director of Quantum commented, “We are excited to be partnering with a team as accomplished and entrepreneurial as ExL. We share a common passion for the oil and gas business and a commitment to building successful companies in Midland, TX. This team has a relentless focus on superior execution, something that will serve them well as they partner with landowners and other companies to accelerate the horizontal redevelopment of the Permian Basin.”

About ExL Petroleum Management, LLC Based in Midland, Texas, ExL will focus on the acquisition and development of oil and gas assets in the Permian Basin. The company currently employs approximately 25 professionals with experience across a range of disciplines including engineering, geology, operations, and accounting. For more information on ExL, please visit www.exlpetroleum.com or contact Scott Dinger at (432) 686-8080.

About Quantum Energy Partners Founded in 1998, Quantum Energy Partners is a leading provider of private equity capital to the global energy industry having managed, together with its affiliates, more than $9 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

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John Sommers

Associate

John’s primary responsibilities include financial modeling, due diligence, transaction execution and portfolio company monitoring. He also works closely with Quantum’s portfolio companies on such activities as raising and structuring debt or additional equity, providing merger, acquisition and divestiture advice and executing commodity hedges.

Prior to joining Quantum, John was an Analyst in the Energy Investment Banking Group of the Royal Bank of Canada in Houston, where he was involved in a wide variety of mergers and acquisitions, capital markets financings and strategic advisory assignments for clients across the upstream oil and gas, midstream and oilfield services sectors. Prior to joining RBC, he was an analyst in the Global Energy Investment Banking Group at Nomura Securities International. John graduated with honors from Baylor University with a B.B.A. in Business Fellows, Finance and Economics.

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FEBRUARY, 2015

February 3, 2015 – Houston, Texas: Quantum Energy Partners (“Quantum”) is pleased to announce the formation of Rio Oil and Gas II, LLC (“Rio II” or the “Company”) together with its founders, Alan Clemens (“Clemens”), Stacey Cude (“Cude”), and the management team.

Rio Oil and Gas, LLC (Rio I) was formed in June 2013 and quickly acquired assets in the Permian Complex in both the Midland and Delaware Basins. Over the following twelve months, Rio I doubled its acreage footprint in the Midland Basin, improved operations, and grew net production to 3,000 Boepd. Rio I successfully monetized its position in the Permian Complex during September 2014 in a series of transactions totaling $585 MM.

Rio II will engage in the acquisition and development of oil and gas assets, focusing on both conventional and unconventional plays in select North American basins where the team has prior experience. Quantum and members of the management team have collectively made capital commitments in excess of $350 million to the Company.

The Rio II team remains unchanged from Rio I with the exception of Alan Clemens moving to become Chairman. Cude will serve as President and Chief Executive Officer. Cude was a founder of Rio I and served as President and Chief Operating Officer.  Prior to Rio I, Cude was a senior member of Quantum’s technical team, serving as Chief of Engineering. Cude’s prior experience includes serving in various management positions with Anadarko Petroleum.

Wil VanLoh, President and CEO of Quantum, commented “Quantum is pleased to continue our partnership with Rio II as they launch their second company. Given this team’s experience, we are confident that their proven exploitation, execution, and capital allocation capabilities will enable them to deliver superior returns.”

Cude remarked, “Through the development of Rio I, we have come together as a team and I’m looking forward to building upon the success of Rio I. I am particularly pleased with our organizational ability to develop and understand geological frameworks, as well as, our ability to consolidate acreage positions and grind through difficult situations. Further, we are grateful to continue our strong partnership with Quantum in the formation of Rio II.”

About Rio Oil and Gas II, LLC

Based in The Woodlands and Fort Worth, Texas, Rio II will focus on the acquisition and exploitation of onshore U.S. growth-oriented E&P opportunities. The organization has proven skills in capital allocation, acquisition execution, and operational excellence.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates, more than $9 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.

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Jeffrey Harris

Senior Advisor

Jeffrey is a Senior Advisor with Quantum Energy Partners. Jeffrey works closely with Quantum’s senior management team providing counsel on both investment and broader firm related matters. In conjunction with the Senior Advisor relationship, Quantum and Global Reserve Group, an advisory and investment firm founded by Jeffrey, entered into a co-investment arrangement to leverage the collective relationships, expertise, and resources of the two firms to identify, invest in, and build exceptional, growth-oriented enterprises. The two firms work closely together on opportunities identified by Global Reserve Group and will focus on making investments in the oil and gas sectors globally.

Jeffrey founded Global Reserve Group in 2011 following a 29-year career at Warburg Pincus where he invested in both start-up and more mature companies across many different industries and countries, including leading the firm’s global energy practice for many years. During his tenure at Warburg Pincus, Jeffrey was directly involved advising over 30 companies around the world and directly overseeing more than $4 billion of equity investment. He has significant experience investing in and working with companies in exploration & production, oilfield services, power generation, and cleantech. Jeffrey has been an active civic leader and is a member of the Board of Trustees of New York-Presbyterian Hospital, and of the Cranbrook Educational Community. In addition, he is an Adjunct Professor at Columbia University’s Graduate School of Business where he teaches courses on venture capital, innovation and entrepreneurship. Previously, he served as Chairman of the National Venture Capital Association where he was a Board member for six years. He received a B.S. in economics from The Wharton School at the University of Pennsylvania, and an M.B.A. from Harvard Business School.

http://www.globalreservegroup.com/

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Michael Linn

Senior Advisor

Mike is a Senior Advisor with Quantum Energy Partners. Mike works closely with Quantum’s senior management team providing counsel on both investment and industry related matters as well as utilizing his network of industry relationships to generate investment opportunities with a focus in the upstream sector.

Mike and Quantum had previously worked together beginning in 2003 with the formation of LINN Energy, LLC to acquire, exploit and produce long-lived conventional natural gas properties in the Appalachia Basin. In January 2006 Quantum took LINN Energy public and it became the first U.S. upstream Master Limited Partnership (MLP) to go public in more than a generation. Since its IPO, the company has continued to execute on its strategy and today LINN Energy is the largest upstream MLP in the world with an enterprise value in excess of $15 billion. Mike served as Chairman, President and Chief Executive Officer of LINN Energy through 2009 and as Executive Chairman until his retirement in 2011. Mike still serves on the company’s board of directors.

Prior to founding LINN Energy in 2003, Mike ran Meridian Exploration, a consulting and exploratory drilling company focused in the Appalachia Basin. Mike is an active industry leader and currently serves on the boards of the National Petroleum Council, the Independent Petroleum Association of America (IPAA) and Nabors Industries, Ltd. He was named 2011 IPAA Chief Roughneck of the Year, serves as Chairman of the IPAA Political Action Committee and is a former IPAA Chairman. Mike is a Texas Representative for the Legal and Regulatory Affairs Committee of the Interstate Oil and Gas Compact Commission. He also served as Director of the Natural Gas Supply Association and President of the Independent Oil and Gas Associations of New York, Pennsylvania and West Virginia. Additionally, in 2012 he was designated as an All American Wildcatter. His civic affiliations include serving on the board of trustees for the Texas Heart Institute, Texas Children’s Hospital, MD Anderson Board of Visitors and Executive Committee, as well as a trustee for the Museum of Fine Arts Houston, and on the board of directors for Houston Children’s Charity and the Houston Police Foundation. Mr. Linn graduated cum laude from Villanova University with a BA in Political Science and cum laude from the University of Baltimore School of Law.

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Franklin Myers

Senior Advisor

Franklin is a Senior Advisor with Quantum Energy Partners. Franklin works closely with Quantum’s senior management team providing counsel on both investment and industry related matters as well as utilizing his network of industry relationships to generate investment opportunities with a focus in the oilfield services sector. He is widely respected throughout the oilfield services sector as an investor, manager and mentor. Both Quantum and its portfolio companies expect to benefit greatly from access to Franklin’s expertise and relationship network.

Until recently, Franklin was a Senior Advisor to Cameron International Corporation (formerly known as Cooper Cameron Corporation), a publicly traded provider of flow equipment products, systems and services, from April 2008 through March 2009. Before April 2008, Mr. Myers was the Senior Vice President and Chief Financial Officer of Cameron. Mr. Myers became Senior Vice President of Cameron in 1995, and served as General Counsel and Corporate Secretary of Cameron from 1995 to 1999, as well as President of its Cooper Energy Services Division from 1998 until 2001. Prior to joining Cameron, he was Senior Vice President and General Counsel of Baker Hughes Incorporated, an oilfield services and equipment provider, and an attorney and partner with the law firm of Fulbright & Jaworski L.L.P. in Houston, Texas. Franklin currently serves as independent director of ION Geophysical Corporation, Comfort Systems, Holly Frontier and Forum Energy Technologies. He is active in the local community and serves on the Board of Directors for the Boy Scouts of America (Sam Houston Council) and is a Trustee for the Duchesne Academy of the Sacred Heart, an all girls’ school in Houston. Franklin received a Bachelor of Science in Industrial Engineering from Mississippi State University and a J.D. degree, with honors, from the University of Mississippi.

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John Campbell

Venture Partner

John is a Venture Partner with Quantum Energy Partners. Previously, he served as the President and Chief Operating Officer of Quantum Resources Management, LLC and QR Energy, LP where his primary responsibility was leading their technical efforts. Before joining Quantum Resources, John was a Managing Director at Quantum Energy Partners, where he headed up all of Quantum’s technical and operating due diligence efforts for new investment opportunities and portfolio company acquisitions.

Prior to joining Quantum, John served in senior operational level positions with Ocean Energy, Inc. and Burlington Resources, Inc. John holds a B.S. in Petroleum Engineering from the University of Alabama and an M.E. in Petroleum Engineering from Texas A&M University.

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Alan Clemens

Technical Advisor

Alan is a Technical Advisor with Quantum Energy Partners. He currently serves as the Chief Executive Officer of Rio Oil and Gas, LLC, a Quantum backed portfolio company focused on the acquisition and exploitation of onshore U.S. growth-oriented E&P opportunities. Before forming Rio Oil and Gas, Alan was the Chief of Geology and Geophysics at Quantum Energy Partners. As a senior member of Quantum’s technical team his primary duties included the analysis of emerging plays, as well as due diligence and oversight for both existing portfolio companies and potential new investments.

Prior to joining Quantum, Alan served as a member of the Southwestern Energy’s leadership team, as well as, prior experience with Zilkha Energy and Enron Oil and Gas. Alan is a member of AAPG, SEG, the Geophysical Society of Houston, and is a registered professional geoscientist in the State of Texas. Alan holds a B.S. in Geophysical Engineering from the Colorado School of Mines and an M.B.A. from Houston Baptist University.

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A. V. Jones

Senior Advisor

A.V. co-founded Quantum in 1998 and is a member of the firm’s Investment Committee. He serves as an ambassador for Quantum in the energy community and provides a sounding board for Quantum’s investment team to discuss technical, operational and strategic issues.

Prior to co-founding Quantum, A.V. made a number of successful private equity investments in the energy industry, including EnerVest, Ltd., Globex Energy, Inc., JM Petroleum Corporation, Taurus Energy Corp. and BC Development, LP. Additionally, he has decades of experience owning and operating his own exploration and production companies, including Jones Company, Ltd., JHJ Exploration, Ltd., and Van Operating, Ltd. A.V. currently serves in a number of leadership positions within the energy industry. He is a member of the National Petroleum Council (appointed by the U.S. Secretary of Energy) and a former Director of the American Petroleum Institute. He is also former Chairman and Treasurer of the IPAA and a former President of the West Central Texas Oil & Gas Association. A.V. holds a B.S. in Geology from the University of Oklahoma.

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HOUSTON, March 24, 2015 – LINN Energy, LLC (NASDAQ: LINE) (“LINN” or the “Company”) and LinnCo, LLC (Nasdaq: LNCO) (“LinnCo”) announced today that LINN has signed a non-binding letter of intent with private capital investor Quantum Energy Partners (“Quantum”) to fund selected future oil and natural gas acquisitions and development on those acquired assets (“QL Energy I, LLC” or “AcqCo”).

Alliance with Quantum

Subject to final documentation, Quantum has agreed to initially commit up to $1 billion of equity capital to fund acquisitions and development of oil and natural gas assets. LINN will have the ability to participate in all acquisition opportunities with a direct working interest ranging from 15 percent to 50 percent. AcqCo assets will be managed by LINN in exchange for a reimbursement of general and administrative expenses.  Additionally, after certain investor return hurdles are met, LINN will have the ability to earn a promoted interest in AcqCo. Upon the sale of any assets within AcqCo, LINN will be given right of first offer to acquire those assets.

The $1 billion equity commitment, combined with the ability to leverage AcqCo and LINN’s acquisition of a direct working interest, results in the potential to exceed $2.5 billion of acquisition and development funding from the AcqCo alliance. Furthermore, the agreement also provides for potential future commitments of equity capital from Quantum thereby increasing the ultimate size of AcqCo.

“LINN and Quantum have a long history of adding value together and we’re pleased to be working with them again,” said Mark E. Ellis, Chairman, President and Chief Executive Officer. “As the founding investor in LINN and a leading private capital provider to the energy sector that also participated in the formation of two other upstream MLPs, Quantum is uniquely qualified for this new acquisition alliance. Based in Houston, Quantum brings considerable size and scale to source and fund acquisitions, along with the flexibility and responsiveness to be very effective partners.”

Strategic advantages expected for LINN:

• Creates a “drop-down” entity in which assets can be purchased and harvested on an ongoing basis;
• Allows participation in acquisitions outside of the conventional MLP asset profile;
• Enhances ability to capture acquisition opportunities during distressed market conditions;
• Provides potentially more accretion to cash flow per unit as a result of the promote structure;
• Creates a long-term partnership with a private capital provider which is scalable and repeatable; and
• Provides LINN with the dynamic ability to acquire and finance acquisitions at the most advantageous times.

The Board of Directors of AcqCo will be comprised of five Directors, with Quantum and its representatives retaining three seats and LINN having two seats. The partnership will be focused on conventional and unconventional resource development opportunities across the United States.

S. Wil VanLoh, Jr. and Dheeraj Verma of Quantum commented, “We are excited to partner with LINN again. We have always held the management team in high regard and feel that this strategic partnership will allow the Company to continue its trajectory of growth and value creation for its unitholders and shareholders while providing Quantum with a unique platform to acquire and exploit assets and generate strong risk-adjusted returns for our investors. We believe that energy companies looking to divest sizeable or complex assets in today’s market have limited choices. Our partnership with LINN will truly create a new strategic buyer for these assets, one that has the capital resources and speed of a financial buyer but the operational expertise and workforce of a strategic acquirer.”

Strategic advantages expected for Quantum and QL Energy I, LLC:

• Opportunity to partner with a premier management team and company to acquire and develop assets of size;
• Creates a well-funded entity, whose principals collectively have an exceptional track record of acquisition-driven value creation and growth;
• Ability to leverage LINN’s existing scale of operations and workforce across multiple basins in the United States; and
• Creates a long-term partnership with the largest upstream MLP/LLC, with the ability to develop and then monetize mature assets efficiently over time.

Advisors

Jefferies LLC is acting as financial advisor to LINN for the AcqCo agreement. Latham & Watkins is providing legal advice to LINN while Vinson & Elkins is providing legal advice to Quantum for this transaction.

ABOUT LINN ENERGY

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-20 U.S. independent oil and natural gas development company, with approximately 7.3 Tcfe of proved reserves in producing U.S. basins as of December 31, 2014. More information about LINN Energy is available at www.linnenergy.com.

ABOUT LINNCO

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 www.linnco.com.

ABOUT QUANTUM ENERGY PARTNERS

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates, more than $9.7 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking statements.” All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements include, but are not limited to forward-looking statements about acquisitions, divestitures and trades, potential strategic alliances, timing and payment of distributions, and the expectations of plans, strategies, objectives and anticipated financial and operating results of the company, including the company’s drilling program, production, hedging activities, capital expenditure levels and other guidance included in this press release. These statements are based on certain assumptions made by the company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to the company’s financial performance and results, availability of sufficient cash flow to pay distributions and execute its business plan, prices and demand for oil, natural gas and natural gas liquids, the ability to replace reserves and efficiently develop current reserves and other important factors that could cause actual results to differ materially from those projected as described in the company’s reports filed with the Securities and Exchange Commission. See “Risk Factors” in the company’s Annual Report on Form 10-K and other public filings and press releases.

Any forward-looking statement speaks only as of the date on which such statement is made and the  company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

CONTACTS:

LINN ENERGY, LLC

Clay Jeansonne, Vice President – Investor Relations
(281) 840-4193

Sarah Nordin, Public Relations & Media
(713) 904-6605

QUANTUM ENERGY PARTNERS

Michael Dalton, Managing Director – Investor Relations
(713) 452-2000

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Gary Pitts

Technical Advisor

Gary is a Technical Advisor with Quantum Energy Partners. Previously, he served as the Vice President and General Manager of the Midland Division for EOG where he helped establish and grow the business substantially into a major player in the basin. He had also previously spent over 10 years with Henry Petroleum in various business development, new ventures and exploration roles including the early development of the Wolfberry play. Additionally, Gary spent over 20 years in multiple other basins across North America and internationally working in exploration oriented roles with Gulf Oil, Union Texas Petroleum, and Neste Oy. He holds a Bachelor’s Degree in Geophysics from Texas A&M University.

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Jon Grimmer

Senior Vice President – Technical

Jon is a Senior Vice President – Technical for Quantum. His primary duties include technical, operational, strategic, and financial analysis of emerging plays, potential and existing projects as well as due diligence and operational/technical support for both existing portfolio companies and potential new investments.

Prior to joining Quantum, Jon was a Director in the energy investment banking group at RBC Richardson Barr, where he worked on asset and corporate level acquisitions and divestitures, capital market activities and strategic advisory assignments for clients across the upstream and midstream sectors. Prior to RBC, Jon worked at Netherland, Sewell & Associates on transaction evaluations, project development analysis, asset valuation, JVs and SEC reporting and gained experience in various exploration and production environments including onshore resource plays and conventional assets, GOM shelf and deep water, and enhanced recovery projects. Jon started his career at ExxonMobil within the US Production business specializing in reservoir engineering, asset development and economic modeling. Jon holds a B.S. in Engineering, with honors, from Purdue University and is a licensed professional engineer in the State of Texas.

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Tulsa, OK – June 8, 2015 – Quantum Energy Partners (“Quantum”) is pleased to announce the formation of Intensity Midstream LLC (“Intensity”) with founders Joseph L. Griffin (“Griffin”) and Derek G. Gipson (“Gipson”, and together with Griffin, the “Founders”).  Supported by initial equity commitments in excess of $300 million from Quantum and the Founders, Intensity will pursue the acquisition, development, and operation of high quality midstream assets across select North American basins.

The Founders are accomplished leaders in the midstream energy space, having most recently served as President & Chief Executive Officer and Executive Vice President & Chief Financial Officer, respectively, for Hiland Partners, LP (“Hiland”).  The Founders successfully re-focused the partnership into the largest dual provider of crude oil and natural gas midstream services in the Bakken Shale until its sale to Kinder Morgan, Inc. for $3 billion in February 2015.  Hiland established strong customer relationships with top quartile producers and executed over $2 billion of growth capital projects servicing producer needs under Griffin’s leadership.

“We are excited to grow a producer-focused midstream company that will provide our customers with creative midstream solutions.  We intend to bring responsiveness, quick decision making and solid execution to these solutions.  We decided to partner with Quantum because of the firm’s deep industry relationships, partnership orientation, shared core values and similar investing philosophy,” stated Griffin.

Bill Montgomery, Managing Director of Quantum, commented “We are thrilled to be partnering with such an entrepreneurial team and look forward to building a substantial midstream platform alongside Joe and Derek.  We are confident that the Founders’ extensive operational experience, impressive track record, and strong customer relationships will allow them to succeed in today’s dynamic midstream environment.”

 About Intensity Midstream LLC

Based in Tulsa, Oklahoma, Intensity will construct, develop, acquire, enhance and operate gathering, treating, processing, storage, transportation and other midstream assets across select North American basins.  For more information, please contact Intensity at (918) 998-4005.

About Quantum Energy Partners

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates, more than $10.5 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com.

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HOUSTON, July 6, 2015 – LINN Energy, LLC (NASDAQ: LINE) (“LINN” or the “Company”) and LinnCo, LLC (Nasdaq: LNCO) (“LinnCo”) announced today that LINN has signed definitive agreements with private capital investor Quantum Energy Partners (“Quantum”) to fund selected future oil and natural gas acquisitions and the development of acquired assets (“QL Energy I, LLC” or “AcqCo”).

Quantum has agreed to initially commit up to $1 billion of equity capital to fund acquisitions and development of oil and natural gas assets. LINN will have the ability to participate in all acquisition opportunities with a direct working interest ranging from 15 percent to 50 percent. AcqCo assets will be managed by LINN in exchange for reimbursement of general and administrative expenses.  Additionally, after certain investor return hurdles are met, LINN will have the ability to earn a promoted interest in AcqCo. Upon the sale of any assets within AcqCo, LINN will be given right of first offer to acquire the assets.

Strategic advantages expected for LINN:

• Creates a “drop-down” entity in which assets can be purchased and harvested on an ongoing basis;
• Allows participation in acquisitions outside of the conventional MLP asset profile;
• Enhances ability to capture acquisition opportunities during distressed market conditions;
• Provides potentially more accretion to cash flow per unit as a result of the promote structure;
• Creates a long-term partnership with a private capital provider which is scalable and repeatable; and
• Provides LINN with the dynamic ability to acquire and finance acquisitions at the most advantageous times.

Strategic advantages expected for Quantum and QL Energy I, LLC:

• Opportunity to partner with a premier management team and company to acquire and develop assets of size;
• Creates a well-funded entity, whose principals collectively have an exceptional track record of acquisition-driven value creation and growth;
• Ability to leverage LINN’s existing scale of operations and workforce across multiple basins in the United States; and
• Creates a long-term partnership with the largest upstream MLP/LLC, with the ability to develop and then monetize mature assets efficiently over time.

“We are very excited to have finalized this new opportunity and are pleased to be working with Quantum in this unique partnership,” said Mark E. Ellis, Chairman, President and Chief Executive Officer.  “We anticipate a number of attractive assets may come to market in the current environment and we expect this agreement will position the Company to take advantage of such opportunities.”

Advisors

Jefferies LLC acted as financial advisor to LINN for the AcqCo agreement. In addition, Latham & Watkins provided legal advice to LINN while Vinson & Elkins provided legal advice to Quantum.

ABOUT LINN ENERGY

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-20 U.S. independent oil and natural gas development company, with approximately 7.3 Tcfe of proved reserves in producing U.S. basins as of December 31, 2014. More information about LINN Energy is available at www.linnenergy.com.

 ABOUT LINNCO

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 www.linnco.com.

ABOUT QUANTUM ENERGY PARTNERS

Quantum Energy Partners is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates, more than $9.7 billion in equity commitments since inception. For more information on Quantum, please visit www.quantumep.com.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking statements.” All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes, targets or anticipates will or may occur in the future are forward-looking statements. These statements include, but are not limited to forward-looking statements about acquisitions, divestitures and trades, potential strategic alliances, timing and payment of distributions, and the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company, including the Company’s drilling program, production, hedging activities, capital expenditure levels and other guidance included in this press release. These statements are based on certain assumptions made by the Company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to the Company’s financial performance and results, availability of sufficient cash flow to pay distributions and execute its business plan, prices and demand for oil, natural gas and natural gas liquids, the ability to replace reserves and efficiently develop current reserves and other important factors that could cause actual results to differ materially from those projected as described in the Company’s reports filed with the Securities and Exchange Commission. See “Risk Factors” in the Company’s Annual Report on Form 10-K and other public filings.

Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

CONTACTS:               

LINN ENERGY, LLC

Clay Jeansonne, Vice President – Investor Relations

(281) 840-4193

Sarah Nordin, Public Relations & Media

(713) 904-6605

QUANTUM ENERGY PARTNERS

Michael Dalton, Managing Director – Investor Relations

(713) 452-2000

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July 8, 2015 – Houston, Texas: Quantum Energy Partners (“Quantum”), a leading provider of private equity capital to the global energy industry, announced today that it has held its final closing on Quantum Energy Partners VI and its affiliates (collectively, “QEP VI”) at its hard cap, which with the inclusion of its GP commitment and other affiliated entities totals $4.45 billion of equity capital commitments.

Focused exclusively on the energy sector, Quantum has built one of the leading energy private equity franchises and has managed more than $10 billion of equity commitments since its inception. Quantum remains committed to the cycle-tested investment strategy it has successfully refined over the last 17 years, targeting investment opportunities where it can invest meaningful equity with proven management teams that have a strong operational track record and sustainable competitive advantages within well‐defined segments of the energy industry. While Quantum will continue to invest a majority of its capital in the oil and gas upstream sector, it will also seek to make targeted investments in the oil and gas midstream, oilfield services and power generation sectors.

Wil VanLoh, Co-founder, President and CEO of Quantum, commented, “We are extremely grateful and humbled by the trust and confidence the limited partners in QEP VI showed in our firm by entrusting us to steward their capital. In particular, the early and strong support we received from our existing limited partners provided the momentum for a successful and efficient fundraise. Having access to a significant capital base allows us to partner with the industry’s top management teams, pursue the highest quality investment opportunities and take advantage of what we believe should be a compelling investment environment over the next several years to generate attractive risk‐adjusted returns for our limited partners.”

Park Hill Group, LLC served as a placement agent for QEP VI and Weil, Gotshal & Manges LLP provided Quantum with legal advice throughout the fundraising process.

For more information on Quantum, please visit www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2110.

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