History
Director and Founder Michael C. Linn founded LINN Energy in 2003. Since then, the company has grown from a handful of natural gas wells with a few employees into a top-15 publicly traded, multi-billion dollar E&P company with approximately 1,100 employees in more than two dozen offices across the United States. Headquartered in Houston, Texas, the company's core focus areas are the Mid-Continent, Permian Basin, Hugoton Basin, Rockies, Michigan and California.
LINN raised approximately $261 million through its initial public offering (IPO) in January 2006 and had an initial equity market capitalization of approximately $584 million.
By year-end 2012, the company had closed an estimated $10 billion in acquisitions, paid its 27th consecutive quarterly distribution to unitholders and grown to an enterprise value of more than $15 billion. LINN has approximately 4.8 Tcfe of proved reserves in producing U.S. basins as of Dec. 31, 2012. Completed a $1.3 billion initial public offering (IPO) of LinnCo on October 17, 2012, representing the largest E&P IPO.
LINN units, representing limited liability company interests, are listed on The NASDAQ Global Select Market under the symbol "LINE."
