BNET Industries
Market Cap:$3.1B
Last Fiscal Year Sales:$44.6B
- Public
- US
Dow Jones Description
Linn Energy is an independent oil and gas company focused on the development and acquisition of long-lived properties which complement its asset profile in producing basins within the United States. Our goal is to provide stability and growth in distributions to our unitholders through continued successful drilling, acquisitions, increasing production of existing wells and implementing operational and administrative efficiencies.
Chief Executive Officer
Michael C. LinnNumber of Employees 130
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
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LINN Energy Slips To Loss In Q3 - Quick Facts
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BRIEF-RESEARCH ALERT-Citigroup raises targets on North American E&P MLP cos
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Todays Zacks Rank Value Buy: LINN Energy, LLC
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LINN Energy Announces Results for Second Quarter 2009
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Linn Energy promotes Mark Ellis to CEO
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Linn Energy names Ellis as next CEO
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LINN Energy Announces Leadership Succession Plan
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Linn Turns $121.3MM Profit in 1Q, Says $150MM Capital Budget to Fund 314 Projects
News & Analysis
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linn energy llc - All News and Analysis
Linn Energy: High Dividend, Low Valuation
If you're an income investor looking for the best stocks to buy, Linn Energy LINE may be one of those dividend paying stocks you should take a long look at. Linn Energy's, high dividend yield of over 11% is second only to Martin Midstream Partners in the Independent Oil &...
Enterprise Products Partners, Linn Energy: Petroleum Profits Without the Drama
Crude oil is up big one day and down big the next. Here's how to pump the profits without trying to predict the future or taking a white-knuckle ride. If the oil market is supposedly doing so well - why are the biggest oil companies doing so poorly this year?...
Linn, Tortoise Energy: Risk vs. Reward
Lee Eugene Munson submits: Co-written by Patrick Kirts By now the cat is out of the bag on Linn Energy, LLC LINE. This was a top holding of Seth Klarman, from whom I ripped off the idea (I do mean that in a good way!). Warren Buffett has...
Why I'm Short Vanguard Natural Resources, Long Linn Energy
On Tuesday [[VNR]] took a 13% run after they released affirmation of their dividend payment. Note that this is payable to shareholders of record on the 30th of this month. In doing so it just fired above [[LINE]] in returns ytd, broke the under performance streak relative to...
Linn Energy: Safe Dividends, Speculative Upside
The Curious Investor submits: Sounds like an oxymoron, safe dividends and speculative upside. How could that be possible? by The Curious Investor
Barron's Finds a Win in Linn
Linn Energy LINE has seen its shares fall from over $25 in June to $11.98 last week as the natural-gas and oil markets weakened significantly. But if the firm can maintain its cash-flow distributions, says Barron's Jonathan Laing, shares could roughly double over the next year. by SA Editor Rachael...
Linn Energy Offers Compelling Story and Valuation
Trader Mark submits: A few readers have been sending me some great information/recommendations on energy royalty trusts, and I've been doing a lot of homework on the group. There is also another subset of companies which are energy related master limited partnerships which I only started doing homework on the...
Linn Energy: Walk the Line
A little bit about Linn Energy LINE from their site: Linn Energy, LLC Linn Energy is an independent oil and gas company focused on the development and acquisition of long-lived properties in the United States. The Company’s oil, gas and natural gas liquids NGL properties are located in three...
Why Buy MLPs?
Avi Morris submits: Master Limited Partnerships MLPs are a new type of investment with an excellent record of high rates of stable growth & mostly tax-free until the ultimate sale high yields. Despite this performance, they are still little appreciated & understood partially due to poor investor relations by the...
15 Value Hedge Funds Portfolio Update
Mebane Faber submits: Are the top value hedge funds going to beat the market every quarter, or just outperform when the market is going up? Maybe we should ask Will Ferrell, errr, I mean Robert Goulet: by Mebane Faber
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Michael C. Linn | Chief Executive Officer |
| Mark E. Ellis | President |
| Donald T. Robinson | Chief Accounting Officer |
| Kolja Rockov | Chief Financial Officer |
| Lisa D. Anderson | Chief Accounting Officer & Senior Vice President |
| Gerald W. Merriam | Executive Vice President, Engineering Operations |
| Roland "Chip" P. Keddie | Senior Vice President |
| Roland P. Keddie | Senior Vice President & Secretary |
| Thomas A. Lopus | Senior Vice President |
| Curtis L. Tipton | Vice President, Operations |
| David J. Grecco | General Counsel & Vice President |
| Toby R. Neugebauer | Co-Founder |
| Alan Smith | Director |
| George A. Alcorn | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Jeffery C. Swoveland | Board of Directors |
| Terrence S. Jacobs | Board of Directors |
Michael C. Linn is the Founder, Chairman and Chief Executive Officer of Linn Energy, LLC (Nasdaq: LINE), a publicly traded partnership focused on the acquisition and development of oil and gas properties, which he founded in March 2003. Linn Energy currently operates in the Panhandle of Texas, Oklahoma, and the Los Angeles Basin in California. Mr. Linn currently sits on the National Petroleum Council and the American Exploration and Production Council. He is a member of the Board of National Association of Manufacturers. He is a member of the oil and gas industry’s 25 Year Club. He was recently appointed as Texas Representative for Legal and Regulatory Affairs Committee of the Interstate Oil and Gas Compact Commission. He is the Chairman of the Houston Wildcatters Committee of the Texas Alliance of Energy Producers. Mr. Linn is the immediate past Chairman of the Independent Petroleum Association of America (IPAA), the largest national trade association of independent oil and gas producers. Mr. Linn is a former President of the Independent Oil and Gas Association of New York, Independent Oil and Gas Association of Pennsylvania and Independent Oil and Gas Association of West Virginia. He is a past director of the Natural Gas Supply Association and the National Gas Council. Mr. Linn regularly appears on behalf of the oil and gas industry before state and federal agencies, such as the Department of Energy, Department of the Treasury, Federal Energy Regulatory Commission and the Environmental Protection Agency. He has testified on behalf of the oil and gas industry before the various committees and subcommittees of the U.S. House of Representatives and the U.S. Senate. He is regularly quoted and has published various articles for oil and gas trade publications and newspapers. In addition, he is frequently a guest on radio and television programs representing the oil and gas industry. Mr. Linn’s civic affiliations include memberships on the boards of the Museum of Fine Arts Houston and the Texas Heart Institute. In addition, he is the Chairman of the Corporate Committee for Capital Campaign of Texas Children’s Hospital. Mr. Linn was President of Allegheny Interests, Inc., a private oil and gas investment company, from 2000 to 2003. Previously, Mr. Linn was President and Chief Executive Officer of Meridian Exploration Corporation, a private oil and gas company which operated in both the Appalachian and Permian Basins, until its sale in 1999. Mr. Linn graduated cum laude from Villanova University in 1974 with a BA in Political Science. Subsequent to completing his undergraduate degree, Mr. Linn entered the University of Baltimore School of Law and graduated cum laude in 1977. Following graduation, Mr. Linn went on to practice law for the law firm of Ecker, Ecker, Zofer and Rome until 1980, when he joined Meridian Exploration as General Counsel.
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Chief Executive Officer | Current |
| Linn Energy, LLC | Chairman | Current |
| National Petroleum Council | Board of Directors | Current |
| National Petroleum Council | Member | Current |
| National Petroleum Council | Member | Current |
| Linn Energy, LLC | President | Former |
| Ipaa | Chairman | Former |
| Linn Energy, LLC | Director | Former |
| Villanova University | BA In Political Science | Former |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | President | Current |
| Linn Energy, LLC | Chief Operating Officer | Current |
| Burlington Resources, Inc. | Senior Vice President, North American Production | Former |
| Superior Oil Co., Inc. | Engineering Positions, Onshore and Offshore Divisions | Former |
| Texas A&M University | Bachelor’S Degree In Petroleum Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Chief Accounting Officer | Current |
Before joining Linn Energy in March 2005, Mr. Rockov served as Managing Director and Head of U.S. Exploration and Production for RBC Capital Markets' energy group in Houston. With his extensive background as an energy investment banker for over twelve years, Mr. Rockov identified Linn Energy as an excellent candidate for the first IPO of a limited liability company in the exploration and production sector. Following the Company's success, additional oil and gas companies have gone public in similar structures. In his role at Linn Energy, Mr. Rockov oversees all finance and accounting functions including budgeting, financial reporting, business development, financings and investor relations. He also plays a key role in sourcing and evaluating potential acquisitions. Mr. Rockov is the primary corporate contact with bankers, lenders and private capital providers to obtain new sources of capital to finance growth and execute the Company's hedging activities. Prior to September 2000, Mr. Rockov held various senior positions with Dain Rauscher Wessels and Rauscher Pierce Refsnes, Inc., predecessors of RBC Capital Markets. He received a BBA in finance and economics from Southern Methodist University. Mr. Rockov currently serves on the Board of Small Steps Nurturing Center.
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Chief Financial Officer | Current |
| Linn Energy, LLC | Executive Vice President | Current |
| Co-Energy Group, LLC | Managing Director | Former |
| Linn Energy, LLC | Managing Director, Rbc Capital Markets | Former |
| Linn Energy, LLC | Director, Rbc Capital Markets | Former |
| Rauscher Pierce Refsnes, Inc. | Former | |
| Dain Rauscher Wessels | Former |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Chief Accounting Officer & Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Executive Vice President, Engineering Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Senior Vice President | Current |
| Independent Oil & Gas Association of West Virginia, Inc. | Board Member | Current |
| Linn Energy, LLC | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Senior Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | General Counsel & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Co-Founder | Current |
| Quantum Energy Partners | Managing Partner | Current |
| Linn Energy, LLC | Chairman | Current |
| Quantum Energy Partners | Co-Founder | Former |
| Linn Energy, LLC | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Quantum Energy Partners | Managing Director | Current |
| Linn Energy, LLC | Director | Current |
| Quantum Energy Partners | Director | Current |
| Quantum Energy Partners | President and CEO | Former |
| Ocean Energy, Inc. | Vice President ,Corporate Development | Former |
| Ocean Energy, Inc. | Manager, Anadarko Team Business Development Unit | Former |
| Forest Oil Corporation | Former | |
| Ryder Scott Co | Former | |
| Burlington Resources, Inc. | Former | |
| Ipaa | Board of Directors | Former |
| Texas Tech University | Bs | Former |
Mr. Alcorn has served as President of Alcorn Exploration, Inc., a private exploration and production company, since 1982. Mr. Alcorn is also a member of the board of directors of EOG Resources, Inc. He is a past chairman of the Independent Petroleum Association of America and a founding member and past chairman of the Natural Gas Council.
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Director | Current |
| EOG Resources, Inc. | Director | Current |
| EOG Resources, Inc. | Audit Committee Member | Current |
| EOG Resources, Inc. | Compensation Committee Chairman | Former |
Mr. Swoveland has served as Chief Financial Officer of Body Media, a life-science company specializing in the design and development of wearable body monitoring products and services, since September 2000. Mr. Swoveland served as Vice President-Finance and Treasurer of Equitable Resources, Inc., a diversified natural gas company, from July 1999 to September 2000. He served as Interim Chief Financial Officer of Equitable Resources, Inc. from October 1997 to July 1999. Mr. Swoveland currently serves as a member of the board of directors of Petroleum Development Corporation.
| Organization | Position | Status |
|---|---|---|
| Linn Energy, LLC | Board of Directors | Current |
Mr. Jacobs has served as President of Penneco Oil Company, which provides ongoing leasing, marketing, exploration, and drilling operations for natural gas and crude oil in Western Pennsylvania and West Virginia, since 1995. Mr. Jacobs currently serves on the boards of directors of Penneco Oil Company and affiliates, Rockwood Casualty Insurance Company, Somerset Casualty Insurance Company and First Commonwealth Bank. Mr. Jacobs served as President of the Independent Oil and Gas Association of Pennsylvania from 1999 to 2001 and from 2003 to 2005, and has served as a director of the Independent Petroleum Association of America for the states of Delaware, Maryland, Pennsylvania, and New York-West since 2000. Mr. Jacobs is a Certified Public Accountant in Pennsylvania.
| Organization | Position | Status |
|---|---|---|
| Penneco Oil Company | President | Current |
| Southwest Bank | Advisory Director | Current |
| Linn Energy, LLC | Board of Directors | Current |
| Penneco Oil Company | Director | Current |
| Cms Mid-Atlantic, Inc | Director | Current |
| Rockwood Casualty Insurance Co. | Director | Current |
| The Independent Oil Corporation | President | Former |
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