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Linn Energy, LLC (LINE) Message Board

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  • lizahuang54321 lizahuang54321 Jan 3, 2013 7:15 PM Flag

    QRE acquiring Jay field

    google is a useful tool, you should try it someday.
    Jay has been producing since 1970. As big as Prudhoe Bay, it has accounted for three quarters of the oil ever produced in Florida. You can find newspaper articles from 30 years ago talking about production from Jay being on the decline. But as we know they keep being able to extract more and more oil from those old fields. And that is what MLPs do - take the mature fields and go out and produce with no exploration risk. All accretive and hedged, this should drive meaningful distribution growth at QRE and it further increases their oil:gas ratio which was already oil heavy.

    Again, for answers to your questions about the Jay field, try google. Lots of info readily available.

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