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Linn Energy also operates a subsidiary, LinnCo, a C Corporation which is subject to different tax rules from its parent company.
In 2007 Linn doubled its holdings by purchasing many of the oil and gas assets of Dominion Energy, mainly in Oklahoma, for $2.05 billion. Linn bought the holdings of BP in the Hugoton Basin, the large gas-producing region from southwestern Kansas into the Texas Panhandle, in March 2012 for $1.2 billion.