Linn Energy was founded in 2003 by Michael Linn.
Four years later, the company doubled its size by purchasing assets from Dominion Energy in a $2.05 billion deal.
In 2012 Linn Energy bought holdings from BP, which expanded the company from Southwestern Kansas into the Texas panhandle including 2,400 active wells on 600,000 acres.
Today the company has 4.8 trillion cu. ft. of natural gas equivalent and 15,800 gross productive wells, of which the company operates 70%.
Linn Energy trades publicly on the NASDAQ under the ticker symbol LINE, is #878 in the Fortune 1000, has 1,800 employees, and had $3.64 billion in revenue in 2014.
Linn EnergyLinn Energy was founded in 2003 by Michael Linn.
Four years later, the company doubled its size by purchasing assets from Dominion Energy in a $2.05 billion deal.
In 2012 Linn Energy bought holdings from BP, which expanded the company from Southwestern Kansas into the Texas panhandle including 2,400 active wells on 600,000 acres.
History
Today the company has 4.8 trillion cu. ft. of natural gas equivalent and 15,800 gross productive wells, of which the company operates 70%.
Linn Energy trades publicly on the NASDAQ under the ticker symbol LINE, is #878 in the Fortune 1000, has 1,800 employees, and had $3.64 billion in revenue in 2014.
Leave a Reply