Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2017
Linn Spending 102% More in 2017; $395 Million, Focus on Merge Play
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Linn Energy has detailed its 2017 guidance.
The Company has approved a 2017 capital budget of $395 million (up 102% from $195 million spent in 2016).
Approximately $100 million is budgeted for Merge horizontal development, $65 million for emerging horizontal development and $40 million on land, seismic and water management infrastructure. Additionally in the Merge, $82 million of midstream capital is budgeted for the Chisholm Trail cryogenic facility expansion. The Company forecasts the capital program will result in ~9% production growth from Dec. 2016 to Dec. 2017 and live within cash flow excluding restructuring costs.
The Company’s current focus is on accelerating the upstream and midstream development of its core SCOOP / STACK / Merge acreage in western Oklahoma.
The Company has…
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