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LINN Lowers 2015 Budget; Details 4Q Results
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LINN Energy, LLC and LinnCo, LLC reported financial and operating results for the fourth quarter and year ended December 31, 2014, and outlook for 2015.
In addition, LINN revised its 2015 oil and natural gas capital budget to approximately $520 million from the prior level of $730 million and expects to fund these capital expenditures, along with the distribution, from internally generated cash flow.
Fourth quarter and full-year 2014 results: Increased average daily production 53 percent to 1,358 MMcfe/d for the fourth quarter 2014, compared to 889 MMcfe/d for the fourth quarter 2013; and 47 percent to 1,210 MMcfe/d for the full-year 2014, compared to 822 MMcfe/d for 2013; Increased oil, natural gas and NGL sales 31 percent to approximately $766 million for the fourth quarter 2014…- ✓ Full news archive — U.S., Canada & international coverage
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