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Linn Energy Moves 2015 Capex Down $60 MM
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Linn Energy, LLC and LinnCo, LLC have announced financial and operating results for the three months ended September 30, 2015.
Highlights: Average daily production of approximately 1,198 MMcfe/d for the third quarter 2015; Estimated net positive mark-to-market hedge book value of approximately $1.9 billion as of September 30, 2015; Exceeded guidance expectations for average daily production, lease operating expenses, general and administrative expenses and excess of net cash provided by operating activities for the third quarter 2015. As previously announced, completed the semi-annual borrowing base redetermination in October 2015 with undrawn capacity of approximately $790 million as of September 30, 2015, pro forma for the redetermination; Revised the 2015 oil and natural gas capital…- ✓ Full news archive — U.S., Canada & international coverage
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