LINN Energy
LINN Energy, following a series of reorganizations and mergers in 2018, became the sole manager of Roan LLC, with its main office located in Houston, Texas.
Company Reorganization in 2018
In the second quarter of 2018, Old Linn and certain of its subsidiaries undertook an internal reorganization. On July 25, 2018, Old Linn merged with and into Linn Merger Sub #1, LLC, a wholly owned subsidiary of New LINN Inc. This reorganization paved the way for various structural changes, including the distribution of a 50% equity interest in Roan LLC to New Linn.
Riviera Resources Spin-Off
On August 7, 2018, New Linn contributed to its wholly owned subsidiary, Riviera Resources, Inc., all of the membership interests in Riviera Merger Sub. On the same day, New Linn completed the spin-off of Riviera by distributing Riviera's common stock to its stockholders on a pro rata basis. Following this separation, Riviera held substantially all of New Linn's assets, except for the 50% equity interest in Roan LLC. Riviera began trading on the OTCQX under the ticker symbol 'RVRA.'
Ownership and Management of Roan LLC
In September 2018, New Linn and Roan Holdings reorganized their ownership of Roan LLC through the creation of new entities and additional restructuring transactions. As a result, New Linn became the owner, indirectly through its wholly-owned subsidiaries, of 100% of the equity in Roan LLC and serves as its sole manager. The company is responsible for all operational, management, and administrative decisions for Roan LLC's business. Roan LLC began trading on the OTCQB under the symbol 'ROAN' on September 25, 2018.
Main Office Location
LINN Energy's main office is located at JPMorgan Chase Tower, 600 Travis, Suite 5100, Houston, TX 77002. This central location plays a crucial role in the company's management and administrative functions.
Plan of Reorganization 2017
On January 27, 2017, LINN Energy completed a confirmed Plan of Reorganization, which became effective on February 28, 2017. This plan was an essential step in restructuring the company to ensure its operational continuity and financial stability.