There are hundreds of companies that continue to harness the earth’s buried resources. One of these companies is Linn Energy, LLC. The company is registered as an independent oil and natural gas company. It was in April 2005 that the business got incorporated and today, holds its headquarters in Houston, Texas, where the majority of the oil and gas companies of the United States are located.
Linn Energy engages in acquiring, developing and maximizing their cash flow from their portfolio of oil and natural gas assets across the United States. They have properties across Texas and in nearby oil-rich states, with strong focus on the Hugoton Basin, the Permian Basin, the Mid-Continent and the Rockies. The operations of the company are divided into 8 regions, namely South Texas, Mid-Continent, Texla, Permian Basin, Hugoton Basin, the Rockies, Michigan & Illinois and California.
By continuously expanding its operations through strategic acquisitions, the company enhances the value they provide to their shareholders. From the handful of natural gas wells that the business owns and operates in 2003, the company has successfully grown its portfolio to become part of the top 20 exploration and production energy company in the country. In total, the portfolio of the company has more than 7.3 Tcfe of proven reserves as of December 2014. At the end of the year, the company has also reported that they have produced approximately 7,304 Bcfe of energy products. Of this figure, 58% were natural gas while only 28% were oil. The rest of the products are natural gas liquids (NGL). Currently, there are more than 27,700 gross productive wells that are owned and operated by the company.
Linn Energy, LLC continues to trade publicly on the NASDAQ. Common shares are marketed using the symbol LINE. It is worth noting that the company was the first independent oil and natural gas limited liability company (LLC) that has gone public.
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