Linn Energy was founded in March 2003 by Michael C. Linn, our Chairman, President and Chief Executive Officer, with an aggregate equity investment of $16.3 million. We were formed as a Delaware limited liability company in April 2005. Linn Energy is a holding company that, through its wholly-owned subsidiaries, owns and operates its assets. We raised approximately $261 million through our initial public offering in January 2006 and had an initial equity market capitalization of approximately $584 million. Our units representing limited liability company interests are listed on The NASDAQ Global Market under the symbol “LINE.”

We have been very successful in executing our acquisitions strategy. As of March 31, 2007, we have completed over $1 billion of acquisitions:

Year	# of Acquisitions	Gross Wells	Location	Purchase Price1 (in millions)
2003	4	498	West Virginia, Virginia, New York and Pennsylvania	$52.7
2004	2	698	Pennsylvania	27.6
2005	3	718	West Virginia and Virginia	121.2
2006	5	1,430	West Virginia, California and Oklahoma	454.9
2007	3	902	West Virginia and Texas	455.0
Totals	17	4,246		$1,111.4

¹ Includes preliminary purchase prices, which are subject to customary post-closing adjustments.