Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
LINN Touts Berry Merger, Strong Permian Growth at Year-End 2013
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LINN Energy, LLC and LinnCo, LLC has detailed financial and operating results for the fourth quarter and year ended December 31, 2013, and outlook for 2014.
Highlights: Increased average daily production 11 percent to 889 MMcfe/d for the fourth quarter 2013 (includes 44 MMcfe/d Berry contribution), compared to 800 MMcfe/d for the fourth quarter 2012; and 23 percent to 822 MMcfe/d for the full-year 2013 (includes 11 MMcfe/d Berry contribution), compared to 671 MMcfe/d for 2012; Increased oil, natural gas and NGL sales 27 percent to approximately $585 million for the fourth quarter 2013, compared to $461 million for the fourth quarter 2012; and 29 percent to $2.1 billion for the full-year 2013, compared to $1.6 billion for 2012; Distributions paid to unitholders of approximately $171…Finish this article — free account or subscription
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