Operational Updates | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Financial Results | Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2018
LINN to Transform into Three Standalone Companies in 2018; Talks Plans
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LINN reported its 2018 outlook as well as its 2017 year end results.
2018 Plans- 2018 Capex: $134 million (down -63% from $360 million spent in 2017)
- 2018 Production: 296-328 MMcfe/d
- Separation into 3 standalone companies:
Roan Resources Activity:Roan Resources LLC is a newly formed company focused on the accelerated development of approximately 150,000 net acres in the prolific Merge/SCOOP/STACK play of Oklahoma. Roan currently has 6 drilling rigs and 2 completion crews active in the Merge. During the fourth quarter of 2017, Roan completed 19 wells that are now on production, and Roan currently has 5 drilled but uncompleted wells (DUC's) with approximately 8 miles of uncompleted lateral length.
Roan's daily net production increased to approximately 40,800 BOE/d at the end of…
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Ark-La-Tex - North Louisiana News
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Mid-Continent - Anadarko Basin News
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