Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
LINN Talks Future of Califonia Ops; Sees Slight Decline in Production
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LINN Energy LLC has reported a fourth quarter and year-end 2013 update on its California operations.
During the fourth quarter 2013, LINN's reported California production averaged approximately 6 MBoe/d, consisting of 4 MBoe/d from Berry's assets and 2 MBoe/d from LINN's legacy properties. Berry's total fourth quarter production averaged approximately 23 MBoe/d. Currently, LINN's combined production is approximately 25 MBoe/d, making it the 5th largest producer in California with production from three key contributing areas -- South Midway-Sunset, North Midway-Sunset and the Los Angeles Basin Brea properties. These assets not only provide LINN with growth opportunities in North Midway-Sunset, particularly in Diatomite and New Steam Floods, but also deliver stable production volumes and…
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