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Linn Energy, LLC Message Board

  • sandonthebeach47 sandonthebeach47 Jan 3, 2013 8:39 PM Flag

    OT/The answer to the question I asked is not in the text of that CC....is it?

    This is part of the text:

    "Let’s look at the production and reserves that come along with the Jay transaction. The net production is approximately 2,500 barrels of oil per day equivalent, with a base decline of 9%. The production is 100% liquids, which is 90% oil and 10% NGLs, and we operate 100% of the field. These are fields in close proximity to the Gulf of Mexico. The production receives Louisiana Light Sweet crude oil pricing that currently is receiving a $20 premium over the price of WTI.

    The proved reserves are 11.3 million barrels of oil equivalent that are 100% proved developed and 76% proved developed producing. Reserves were also 100% liquids with an 87% oil and a 13% NGL split. The acquisition has a proved reserve life of 12.4 years and the expected maintenance capital is approximately $11 million per year to keep production flat for five years."

    Norris will spot something important....about proved reserves.

    &

    RLP will point out just where is says anything about the "sour" question that was asked before.

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