Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Hugoton Basin, the Rockies, California, east Texas and north Louisiana, the Mid-Continent, Michigan/Illinois, the Permian Basin, and south Texas. As of December 31, 2015, the company had proved reserves of 4,488 billion cubic feet equivalent; and operated 19,294 gross productive wells. Linn Energy, LLC was founded in 2003 and is headquartered in Houston, Texas. On May 11, 2016, Linn Energy, LLC, along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.