The U.S. Securities and Exchange Commission closed its probe into Linn Energy’s $4.6 billion acquisition of Berry Petroleum and decided to take no enforcement actions.

The investigation was launched in 2013 when Houston-based Linn agreed to purchase Berry Petroleum for about $2.5 billion in stock as well as assuming the Denver-based company’s debt.

The acquisition gave Linn an increased presence in California, the Permian Basin, East Texas and the Rockies, as well as the addition of a new core area in the Uinta Basin.

Berry had 2,850 producing wells and more than 200,000 net acres when the deal was inked.

“After a thorough and lengthy process, we are clearly very pleased with this excellent outcome,” Linn CEO, chairman and president Mark E. Ellis said.


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