Exploration & Production
Despite Weather Woes, LINN Energy Affirms 2013 Production Growth
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LINN Energy, LLC is updating its fourth quarter 2013 guidance.
LINN Energy, LLC reiterates total estimated production during the fourth quarter to be between 840 MMcfe/d and 860 MMcfe/d, which includes the impact from recent severe winter weather in the Permian and Mid-Continent operating regions.
Additionally, LINN increased its fourth quarter guidance for "excess of net cash"to be approximately 5-10% above the Company's current distribution, compared to prior guidance of zero percent above the Company's current distribution. Both estimates do not include the anticipated positive impact from the pending merger with Berry Petroleum Company.
During the quarter, production has remained on-track, NGL prices have continued to increase and the Company has continued to realize lower…
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