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 1,000 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, Powder River Basin, Williston Basin, 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 2011, the company had closed more than $7 billion in acquisitions, paid its 23rd consecutive quarterly distribution to unitholders, delivered a total unitholder return of approximately 200 percent, and grown to an enterprise value of more than $10 billion. LINN has approximately 4.3 Tcfe of proved reserves (pro forma for acquisitions announced in 2012) in producing U.S. basins as of Dec. 31, 2011.
LINN units, representing limited liability company interests, are listed on The NASDAQ Global Select Market under the symbol "LINE."
