Struggling LINN Energy said it was selling its stake in a Texas shale basin while simultaneously brokering capital investment deals to fund future developments. LINN said it signed a deal to sell its remaining 6,400 net acres in the Permian shale basin in Texas to an undisclosed buyer for $281 million. The company said the acreage yields an average 2,000 barrels of oil equivalent per day from around 133 wells. Permian production increased 58 percent from 2007 to reach 1.35 million barrels per day last year, which represents 18 percent of total U.S. crude oil production. The low price of crude oil, still struggling to break through $60 per barrel, has forced many companies to cut staff levels and spending on production from […]