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LINN Energy is preparing to celebrate the grand opening of its new regional office in Borger.
The company will be hosting an open house from 11 a.m. to 2 p.m. Wednesday to celebrate the opening of the office. LINN Energy will also be presenting Dr. Jud Hicks, President of Frank Phillips College, with its donation to fund equipment for the P&E and I&E technology program. The new facility is located at 1201 Fairlanes Boulevard, and the public is invited to attend.
Since LINN Energy entered the Borger area in 2007, it has become a key player in the energy industry and helping with the needs within the community. The company was founded in 2003 when Executive Chairman Michael C. Linn formed the company from a handful of natural gas wells.
Headquartered in Houston, LINN has grown into a multi-billion dollar E&P company with more than 700 employees in more than two dozen offices across the country.
At the end of 2006, the company took its first step into the Borger area when it acquired holdings from Stallion Energy. It now owns and operates around 1,700 wells around Borger and the Texas Panhandle, with 65 employees working out of the Borger office.
Mark E. Ellis, who is the president and chief executive officer of LINN Energy, said the companyâ€™s business strategy centers around an acquisition program that targets oil and natural gas properties that offer long-life, high-quality production with relatively predictable decline curves and low-risk development opportunities.
During its time in the Borger community, LINN Energy has made its presence known in Borger with its involvement with organizations such as the United Way. It also has given donations to Frank Phillips College and Borger ISD.
Back in April of 2011, the company presented FPCâ€™s softball program with a donation of $106,000. It helped the program complete renovations at the northern softball field at Johnson Park and gave the company naming rights to the field.
The companyâ€™s decision to build a new building was due in large part to the company outgrowing its facility on Premier Road.