Mid-Continent
LINN’s Mid-Continent region includes properties located in Oklahoma, Louisiana and the eastern portion of the Texas Panhandle.
Wells in this diverse region produce from both oil and natural gas reservoirs at depths ranging from 1,500 to over 18,000 feet. In the northern Texas Panhandle and extending into western Oklahoma, the Cleveland formation is being developed as a horizontal oil play. Elsewhere in Oklahoma, several producing formations are being targeted using similar horizontal drilling and completion technologies. The majority of wells in this region are mature, low-decline oil and natural gas wells.
Mid-Continent proved reserves represented approximately 20 percent of total proved reserves at December 31, 2013, of which 77 percent were classified as proved developed. This region produced 330 MMcfe/d or 40 percent of the Company’s 2013 average daily production. During 2013, the Company invested approximately $439 million to drill in this region. During 2014, the Company anticipates spending approximately 16 percent of its total oil and natural gas capital budget for development activities in the Mid-Continent region.
For the most recent operational updates, review our presentations and news releases.
