Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
LINN Energy to Maintain Momentum at Rockies, Hugoton Properties
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LINN Energy LLC has reported a fourth quarter and year-end 2013 update on its MidContinent and Rockies operations.
Jonah FieldJonah Field production averaged approximately 148 MMcfe/d for the fourth quarter 2013, which represents a nine percent increase from third quarter levels and flat compared to the fourth quarter 2012. LINN currently has two operated rigs drilling in the field and is participating in a non-operated program which consists of two rigs.
During 2014, the Company anticipates spending approximately $220 million of its oil and natural gas capital budget in the Jonah Field. The Company is currently rejecting ethane in the field and is forecasting ethane rejection to continue throughout 2014. Actual ethane rejection decisions are made monthly based on current commodity…
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