Clusterstock  Jun 29  Comment 
This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Japan-based messaging company LINE has announced   plans to launch a crypto exchange, called BitBox, in...
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The developer-centric communications platform Twilio today announced that it has added support for LINE to Twilio Channels. With this, Twilio developers now have the ability to reach users on this service, which has 168 million monthly active...
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The same day Linn Energy Inc. exited bankruptcy, it awarded Chief Executive Officer Mark Ellis a $60 million compensation package, more than three times the amount Exxon Mobil Corp. paid its CEO.
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Banking Business Review  Mar 28  Comment 
LINE and Nomura have signed memorandum of understanding (MOU) to consider financial business alliance, focused on the securities business.

Linn Energy is an independent oil and gas company focused on the development and acquisition of long life properties in the United States. They operate in the following regions:

Mid-Continent – core operating areas in the Texas Panhandle and Oklahoma; and

Western – the Brea Olinda Field of the Los Angeles Basin in California.

From inception through January 2008, they completed 24 acquisitions of working or royalty interests in oil and gas properties and related gathering and pipeline assets. In total, they acquired proved reserves from working interests of approximately 1.9 Tcfe at an acquisition cost of approximately $2.11 per Mcfe.

They current total proved reserves of approximately 1.7 Tcfe, which are 50% gas, 35% oil and 15% NGLs, and have a long reserve life index of approximately 21 years. In addition, they have more than 7,200 producing oil and gas wells and over 4,100 drilling locations.

Linn is are focused on developing its reserve base, increasing acreage positions and evaluating potential opportunities to acquire additional oil and gas properties which complement their asset profile in mature producing basins across the United States.


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