Profile: Linn Energy, LLC (LINE.O)

Linn Energy, LLC (Linn Energy) is an independent oil and gas company focused on the development and acquisition of long life properties in the United States. The Company’s properties are located in the Mid-Continent and California. Proved reserves as of December 31, 2008 were 1,660 One billion cubic feet (Bcfe), of which approximately 51% were gas, 31% were oil and 18% were natural gas liquids (NGL). Approximately 68% were classified as proved developed. As of December 31, 2008, the Company operated 4,453, or 66%, of its 6,716 gross productive wells. Average proved reserves-to-production ratio, or average reserve life, is approximately 21 years. The Company’s properties are located in three regions in the United States: Mid-Continent Deep, which includes the Texas Panhandle Deep Granite Wash formation and deep formations in Oklahoma; Mid-Continent Shallow, which includes the Texas Panhandle Brown Dolomite formation and shallow formations in Oklahoma, and Western, which includes the Brea Olinda Field of the Los Angeles Basin in California. During the year ended December 31, 2008, sales of oil, gas and Natural gas liquids (NGL) to DCP Midstream Partners, LP, ConocoPhillips and Enbridge Energy accounted for approximately 23%, 12% and 11%, respectively, of the Company’s total volumes, or 46% in the aggregate.

Mid-Continent Deep

The Mid-Continent Deep region includes properties in the Deep Granite Wash formation in the Texas Panhandle, which produces at depths ranging from 8,900 feet to 16,000 feet, as well as properties in Oklahoma which produce at depths over 8,000 feet. Mid-Continent Deep proved reserves represented approximately 54% of total proved reserves as of December 31, 2008, of which 69% were classified as proved developed reserves. This region produced 136 One million cubic feet (MMcfe/d), or 64%, of the Company’s 2008 average daily production.

Mid-Continent Shallow

The Mid-Continent Shallow region includes properties producing from the Brown Dolomite formation in the Texas Panhandle, which produces at depths of approximately 3,200 feet, as well as properties in Oklahoma which produce at depths under 8,000 feet. Mid-Continent Shallow proved reserves represented approximately 33% of total proved reserves at December 31, 2008, of which 60% were classified as proved developed reserves. This region produced 63 MMcfe/d, or 30%, of the Company’s 2008 average daily production. The Company owns and operates a network of gas gathering systems comprised of approximately 900 miles of pipeline and associated compression and metering facilities which connect to numerous sales outlets in the Texas Panhandle.

Western

The Western region consists of the Brea Olinda Field of the Los Angeles Basin in California. The Brea Olinda Field was discovered in 1880 and produces from the shallow Pliocene formation to the deeper Miocene formation. Western proved reserves represented approximately 13% of total proved reserves as of December 31, 2008, of which 87% were classified as proved developed reserves. This region produced 13 MMcfe/d, or 6%, of the Company’s 2008 average daily production.