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May 1, 2014
06:48 EDTLINELINN Energy reports average daily proudction up 39% to 1,104 MMcfe/d
Reports Q1 oil, natural gas and NGL sales up 103% to $939M. The company said better than expected results from the capital program and efficient management of LINN's base assets resulted in increased production across a number of operating areas for the first quarter, most significantly in California and the Uinta Basin. First quarter transportation expenses were slightly higher than expected primarily due to higher gathering costs in the Hugoton Field and increased compressor fuel and production costs associated with higher natural gas prices. Additionally, first quarter oil differentials were wider than anticipated primarily in the Permian and Williston basins.
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