HOUSTON (Bloomberg) -- After oil’s plunge stole more than half its market value in a month, Linn Energy LLC is following major producers in putting spending on hold and reducing debt. The oil company’s $5 billion spending spree since early 2013 made it the most indebted U.S. explorer of its size. Now it’s delaying a 2015 budget and will use proceeds from assets sold in Texas and Oklahoma to cut debt 16%, said Clay Jeansonne, V.P. of investor relations.
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Linn Energy follows majors in pausing spending to cut debt
![Linn Energy follows majors in pausing spending to cut debt]()
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