Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
LINN's Wolfberry Ops Fuel Permian Success; Granite Wash Rig Cut Planned
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LINN Energy LLC has detailed an update on its fourth quarter and year-end 2013 Permian and Granite Wash operations.
During the fourth quarter 2013, LINN's reported Permian production averaged approximately 18 MBoe/d, consisting of 17 MBoe/d from LINN's legacy properties and 1 MBoe/d from Berry's assets. This represents a 35 percent increase from third quarter 2013 levels and a 32 percent increase from the fourth quarter 2012, primarily due to acquisitions and the Company's continued success with its vertical Wolfberry drilling program.
Berry's total fourth quarter 2013 production averaged approximately 8 MBoe/d, in-line with third quarter 2013 production and an increase of five percent from the fourth quarter 2012. During 2014, LINN will focus on three key drilling programs…
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