LinnCo (NASDAQ: LNCO) is a limited liability company (LLC) created to enhance LINN Energy’s (NASDAQ: LINE) ability to raise additional equity capital to execute on its acquisition and growth strategy. LinnCo’s sole purpose is to own LINN units and has no assets or operations other than those related to LNCO’s interest in LINN. As a result, LNCO’s financial condition and results of operations depend entirely upon the performance of LINN.
LINN Energy's mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets.
LINN is a top-15 U.S. independent oil and natural gas company. The company focuses on the development and acquisition of long-life properties that compliment its asset profile in producing basins within the U.S. LINN began operations in March 2003 and completed its initial public offering (IPO) in January 2006.
LINN owns approximately 4.8 Tcfe of proved reserves as of December 31, 2012. The company now has approximately 1,100 employees spread across over two dozen locations throughout the country. Headquartered in Houston, Texas, the company's core focus areas are the Mid-Continent, Permian Basin, Hugoton Basin, Rockies, Michigan and California.