Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Linn Energy, LLC
Type
Public company
Traded as NASDAQ: LNGG
Industry Petroleum industry
Founded 2003; 14 years ago (2003)
Founder Michael C. Linn
Headquarters Houston, Texas
Key people
Mark E. Ellis, CEO
Michael C. Linn, founder and director
David B. Rottino, CFO
Arden L. Walker, Jr., COO
Products Petroleum
Natural gas
Production output
118 thousand barrels of oil equivalent (720,000 GJ) per day
Revenue Increase 0.243 billion (Q2 2017)
Net income
Increase 0.220 billion (Q2 2017)
Total assets Decrease 3.201 billion (Q2 2017)
Total equity Increase 2.256 billion (Q2 2017)
Website www.linnenergy.com

Linn Energy, Inc. is an American 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's core focus is production in Western Oklahoma. The company is also pursuing directional drilling in the Mid-Continent oil province, Rocky Mountains, North Louisiana and East Texas.

The company was founded in 2003 by Michael C. 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 acquiring many of the oil and gas assets of Dominion Energy, mainly in Oklahoma, for $2.05 billion.

In 2011, the founder of the company, Michael C. Linn, retired.

In March 2012, the company acquired 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.

In June 2012, the company acquired 12,500 acres in the Jonah Field in southwest Wyoming from BP for approximately $1 billion.

In February 2013, the company acquired Berry Petroleum Company in a stock deal valued at $4.3 billion.

In September 2013, the company acquired assets in the Permian Basin for $525 million.

In June 2014, the company acquired assets from Devon Energy for $2.3 billion.

In August 2014, the company acquired assets in the Hugoton Natural Gas Area from Pioneer Natural Resources for $340 million. The company also sold its interests in non-producing acreage in the Anadarko Basin for $90 million.

In March 2016, the company missed a debt payment and announced that a bankruptcy filing was likely.

On May 11, 2016, the company filed for bankruptcy under Chapter 11, Title 11, United States Code.

In February 2017, the company completed a financial restructuring, which include the corporate spin-off of Berry Petroleum Company.

In May 2017, the company sold its interest in properties in the Salt Creek Field in Wyoming to Denbury Resources for $71.5 million.

In June 2017, the company sold its properties in the Jonah Field for $581.5 million.

In September 2017, the company formed Roan Resources LLC, a joint venture with Citizen Energy II, LLC.

In October 2017, the company sold properties in Wyoming for $200 million.

Investment goal date:
Dividends reinvested
Linn Energy, LLC LINE report Q1 2016
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q3 2016
2016-11-03
--
--
Q2 2016
2016-07-28
--
--
Q1 2016
2016-05-12
-3.8300
0.0000
Q4 2015
2016-03-15
-7.0500
-7.0500
Q3 2015
2015-11-05
-4.4700
-4.4700
Q2 2015
2015-07-30
-1.1200
-1.1200
Q1 2015
2015-04-29
-1.0300
-1.0300
Q4 2014
2015-02-19
-0.0300
-0.4700
Q3 2014
2014-11-04
0.3300
-0.0200
Q2 2014
2014-08-07
0.5800
-0.6400
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Major Shareholders
Name Relationship
Total Shares
Holding stocks
MCCOY JOSEPH P
0.0100% (18615)
GGS / LINE / LNCO /
ALCORN GEORGE A
0.0100% (38656)
LINE /
SWOVELAND JEFFREY C
0.0100% (21615)
LINE / PDCE /
RIPLEY CHARLENE A
0.0500% (162713)
LINE /
Linn Michael C
0.0100% (40121)
LINE / LNCO / NBR / WNRL /
ROCKOV KOLJA
0.1200% (411178)
LINE /
Jacobs Terrence S
0.0500% (155000)
LINE / LNCO /
Walker Arden Jr
0.0500% (153620)
LINE / LNCO /
Rottino David B.
0.0500% (160515)
LINE / LNCO /
LinnCo, LLC
38.7500% (128544174)
LINE / LNCO /
Emmons Thomas E
0.0200% (57578)
LINE /
Wells Candice J
0.0100% (23522)
LINE /
% ()