Linn Energy
| Public company | |
| Traded as | NASDAQ: LNGG |
| Industry | Petroleum industry |
| Founded | 2003 |
| Founder | Michael Linn |
| Headquarters | Houston, Texas |
|
Key people
|
Mark E. Ellis, CEO Michael C. Linn, founder and director David B. Rottino, EVP and CFO Arden L. Walker, Jr., EVP and COO |
| Products |
Petroleum Natural gas |
|
Production output
|
130 thousand barrels of oil equivalent (800,000 GJ) per day |
| Revenue |
|
 US$2.390 billion (Q1 2017) |
|
| Total assets |  US$3.645 billion (Q1 2017) |
| Total equity | US$2.028 billion (Q1 2017) |
| Website | www |
US$393 million (Q1 2017)
Linn Energy, Inc. is a petroleum, natural gas, and natural gas liquids exploration and production company based in Houston, Texas.
As of December 31, 2016, the company had 3.5 trillion cubic feet equivalent of estimated proved reserves, of which 17% were petroleum, 65% were natural gas, and 18% were natural gas liquids.
The company controls 2.6 million acres of petroleum and natural producing assets including:
Linn Energy was founded in 2003 by Michael Linn.
In 2006, the company became a public company via an initial public offering that raised over $200 million.
In 2007, the company doubled its holdings by purchasing many of the oil and gas assets of Dominion Energy, mainly in Oklahoma, for $2.05 billion.
In 2011, the company announced the retirement of founder Michael Linn.
In March 2012, the company bought the holdings of BP in the Hugoton Natural Gas Area, the large gas-producing region from southwestern Kansas into the Texas Panhandle for $1.2 billion. The purchase included 2,400 active wells on 600,000 acres and a gas processing plant.
Linn expanded its holdings in the Rocky Mountains in June 2012 with the purchase of 12,500 acres in the Jonah Field in southwest Wyoming from BP for approximately $1 billion. The field contains around 750 active natural gas wells which produce, in addition to natural gas, approximately one-quarter natural gas liquids such as butane and propane.
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