Operational Updates
LINN Shifts Focus From Granite Wash To Hogshooter
Print
|
LINN Energy LLC and LinnCo LLC has reported operating results for the three months ended September 30, 2012, and the company's outlook for the remainder of 2012.
LINN Energy reported the following significant third-quarter 2012 results:Increased average daily production 106 percent to 782 MMcfe/d, compared to 379 MMcfe/d for the third-quarter 2011
Completed nine Hogshooter wells with average initial production rates of approximately 1,983 Bbls/d of oil, 534 Bbls/d of NGLs and 3.4 MMcf/d of natural gas per well
LINN Energy also reported the following significant year-to-date 2012 highlights:Completed an approximate $1.3 billion (gross proceeds) initial public offering of common shares of LinnCo, LLC (LNCO)
- Utilized net proceeds to repay indebtedness outstanding under its revolving…
Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in