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词条 Linn Energy
释义

  1. History

  2. References

{{Infobox company
| name = Linn Energy, Inc.
| foundation = {{start date and age|2003}}
| founder = Michael C. Linn
| defunct = {{end date and age|2018}}
| location = Houston
| industry = Petroleum industry
| products = Petroleum
Natural gas
| production = {{convert|102|e3BOE|lk=in}} per day (2017)
| revenue = {{increase}} $0.826 billion (2017)
| net_income = {{increase}} $0.435 billion (2017)
| assets = {{decrease}} $2.881 billion (2017)
| equity = {{increase}} $2.351 billion (2017)
| homepage = {{URL|https://www.linnenergy.com/}}
| footnotes = [1]
}}

Linn Energy, Inc. was a company engaged in hydrocarbon exploration. It was incorporated in Delaware and headquartered in Houston. In 2018, the company split into Roan Resources and Riviera Resources.

As of December 31, 2017, the company had 1.968 trillion cubic feet equivalent of estimated proved reserves, of which 8% were petroleum, 70% were natural gas, and 22% were natural gas liquids.[1]

The company's core assets were in Western Oklahoma. The company also pursued directional drilling in the Mid-Continent oil province, Rocky Mountains, North Louisiana and East Texas.[1]

History

The company was founded in 2003 by Michael C. Linn.[2]

In 2006, the company became a public company via an initial public offering that raised over $200 million.[3]

In 2007, the company doubled its holdings by acquiring many of the oil and gas assets of Hogshead Spouter and Dominion Energy, mainly in Oklahoma, for $2.05 billion.[4]

In 2011, the founder of the company, Michael C. Linn, retired.[2]

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.[5]

In June 2012, the company acquired 12,500 acres in the Jonah Field in southwest Wyoming from BP for approximately $1 billion.[6]

In February 2013, the company acquired Berry Petroleum Company in a stock deal valued at $4.3 billion.[7]

In September 2013, the company acquired assets in the Permian Basin for $525 million.[8]

In June 2014, the company acquired assets from Devon Energy for $2.3 billion.[9]

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.[10]

In March 2016, the company missed a debt payment and announced that a bankruptcy filing was likely.[11]

On May 11, 2016, the company filed for bankruptcy under Chapter 11, Title 11, United States Code.[12]

In February 2017, the company completed a financial restructuring, which included the corporate spin-off of Berry Petroleum Company and the sale of assets to Hogshead Spouter Company.[13]

In May 2017, the company sold its interest in properties in the Salt Creek Field in Wyoming to Denbury Resources for $71.5 million.[14]

In June 2017, the company sold its properties in the Jonah Field for $581.5 million.[15]

In September 2017, the company formed Roan Resources, a joint venture with Citizen Energy.[16]

In October 2017, the company sold properties in Wyoming for $200 million.[17]

In 2018, the company split into Roan Resources and Riviera Resources.[18]

References

1. ^{{cite web | url=https://www.sec.gov/Archives/edgar/data/1326428/000132642818000009/linnform10-k2017.htm | title=Linn Energy, Inc. 2017 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
2. ^{{cite press release | url=https://globenewswire.com/news-release/2011/12/01/462737/239606/en/LINN-Energy-Founder-Michael-C-Linn-Retiring-and-Named-Director-and-Founder-LINN-Energy-President-and-CEO-Mark-E-Ellis-Named-Chairman-of-the-Board.html | title=LINN Energy Founder Michael C. Linn Retiring and Named Director and Founder; LINN Energy President and CEO Mark E. Ellis Named Chairman of the Board | publisher=GlobeNewswire | date=December 1, 2011}}
3. ^{{cite news | url=https://www.marketwatch.com/story/linn-energy-rises-as-first-ipo-of-2006 | title=Linn Energy ignites 2006 market | first=Steve | last=Gelsi | work=Marketwatch | date=January 13, 2006}}
4. ^{{cite press release | url=http://www.prnewswire.com/news-releases/linn-energy-to-acquire-mid-continent-oil-and-gas-properties-from-dominion-resources-inc-for-205-billion-announces-15-billion-commitment-of-private-equity-52693562.html | title=Linn Energy to Acquire Mid-Continent Oil and Gas Properties from Dominion Resources, Inc. for $2.05 Billion | publisher=PR Newswire | date=July 2, 2007}}
5. ^{{cite press release | url=https://globenewswire.com/news-release/2012/02/27/469198/247307/en/LINN-Energy-Announces-1-2-Billion-Acquisition-of-BP-s-Hugoton-Basin-Properties.html | title=LINN Energy Announces $1.2 Billion Acquisition of BP's Hugoton Basin Properties | publisher=GlobeNewswire | date=February 27, 2012}}
6. ^{{cite web | url=https://dealbook.nytimes.com/2012/06/25/linn-energy-to-buy-bp-property-in-wyoming-for-1-billion/ | title=Linn Energy to Buy BP Property in Wyoming for $1 Billion | first=Michael J. | last=De La Merced | work=The New York Times | date=June 25, 2012}}
7. ^{{cite press release | url=http://globenewswire.com/news-release/2013/02/21/525234/10022551/en/LINN-Energy-and-LinnCo-to-Acquire-Berry-Petroleum-Company-for-4-3-Billion.html | title=LINN Energy and LinnCo to Acquire Berry Petroleum Company for $4.3 Billion | publisher=GlobeNewswire | date=February 21, 2013}}
8. ^{{cite press release | url=http://globenewswire.com/news-release/2013/09/12/573028/10048236/en/LINN-Energy-Announces-525-Million-Acquisition-of-Permian-Basin-Properties.html | title=LINN Energy Announces $525 Million Acquisition of Permian Basin Properties | publisher=GlobeNewswire | date=September 12, 2013}}
9. ^{{cite press release | url=https://globenewswire.com/news-release/2014/06/30/647595/10087503/en/LINN-Energy-Announces-2-3-Billion-Acquisition-of-Assets-from-Devon-Energy.html | title=LINN Energy Announces $2.3 Billion Acquisition of Assets from Devon Energy | publisher=GlobeNewswire | date=June 30, 2014}}
10. ^{{cite press release | url=https://globenewswire.com/news-release/2014/08/04/655854/10092844/en/LINN-Energy-Announces-340-Million-Acquisition-From-Pioneer-Natural-Resources.html | title=LINN Energy Announces $340 Million Acquisition From Pioneer Natural Resources | publisher=GlobeNewswire | date=August 4, 2014}}
11. ^{{cite news | url=https://www.forbes.com/sites/spleverage/2016/03/15/distressed-debt-linn-energy-skips-interest-payment-warns-of-chapter-11/ | title=Distressed Debt: Linn Energy Skips Interest Payment, Warns of Chapter 11 | first=Rachelle | last=Kakouris | work=Forbes | date=March 15, 2016}}
12. ^{{cite web | url=https://www.pacermonitor.com/view/FSE7G4A/Linn_Energy_LLC__txsbke-16-60040__0001.0.pdf | title=Linn Energy Chapter 11 Voluntary Petition | publisher=PacerMonitor | date=May 11, 2016}}
13. ^{{cite press release | url=https://globenewswire.com/news-release/2017/02/28/928971/0/en/LINN-Energy-Successfully-Completes-Financial-Restructuring.html | title=LINN Energy Successfully Completes Financial Restructuring | publisher=GlobeNewswire | date=February 28, 2017}}
14. ^{{cite press release | url=https://globenewswire.com/news-release/2017/05/30/999832/0/en/LINN-Energy-Announces-Sale-of-Salt-Creek-for-71-5-Million-and-Extinguishes-All-Debt-Pro-forma-of-Announced-Transactions.html | title=LINN Energy Announces Sale of Salt Creek for $71.5 Million and Extinguishes All Debt Pro-forma of Announced Transactions | publisher=GlobeNewswire | date=May 30, 2017}}
15. ^{{cite press release | url=https://globenewswire.com/news-release/2017/06/01/1005215/0/en/LINN-Energy-Closes-on-the-Jonah-Sale-Announces-Amendment-to-Credit-Agreement-and-Authorization-of-Initial-Share-Repurchase-Program.html | title=LINN Energy Closes on the Jonah Sale, Announces Amendment to Credit Agreement and Authorization of Initial Share Repurchase Program | publisher=GlobeNewswire | date=June 1, 2017}}
16. ^{{cite press release | url=https://globenewswire.com/news-release/2017/09/05/1108010/0/en/Roan-Resources-is-Formed-and-Its-Board-of-Directors-Announced-by-LINN-Energy-and-Citizen-Energy.html | title=Roan Resources is Formed and Its Board of Directors Announced by LINN Energy and Citizen Energy | publisher=GlobeNewswire | date=September 5, 2017}}
17. ^{{cite press release | url=https://globenewswire.com/news-release/2017/10/04/1140530/0/en/LINN-Energy-Announces-Sale-of-Washakie-Properties-for-200-Million-and-Increases-Share-Repurchase-Authorization-to-400-Million.html | title=LINN Energy Announces Sale of Washakie Properties for $200 Million and Increases Share Repurchase Authorization to $400 Million | publisher=GlobeNewswire | date=October 4, 2017}}
18. ^{{cite press release | url=https://globenewswire.com/news-release/2018/09/18/1572235/0/en/LINN-Energy-and-Roan-Holdings-Announce-Definitive-Agreement-to-Combine-100-of-Their-Interests-in-Roan-LLC-Into-a-New-Publicly-Traded-Pure-Play-Company-Roan-Resources-Inc.html | title=LINN Energy and Roan Holdings Announce Definitive Agreement to Combine 100% of Their Interests in Roan LLC Into a New Publicly Traded Pure Play Company, Roan Resources, Inc. | publisher=GlobeNewswire | date=September 18, 2018}}
{{DEFAULTSORT:Linn Energy}}

5 : 2003 establishments in Texas|Companies that filed for Chapter 11 bankruptcy in 2016|Defunct energy companies of the United States|Energy companies established in 2003|Energy companies disestablished in 2018

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