Linn Energy has successfully completed drilling of its 12 Hogshooter wells in the current year, with the total production of 700,000bbl of oil. The company plans to drill 11 more wells by the end of this year, which will further increase its oil production volumes.
Your answer is on slide 10 of the latest presentation..though it is listed in mcfe...so you'll need to convert to boe...I trust you'll be able to handle that division...do you need a calculator to divide by 6?
What is the economic conversion of mcfe to boe based on Obama distorted American energy prices? Is this not the original point you were trying to make about natural gas pricing?
ABout as Good as Progressive Senators claiming American coal companies are getting out of paying royalties because Obama defacto abusing Unconstitutional EPA power to outlaw domestic coal consumption resulted in depressed domestic coal prices.
Do you think by repeatedly asking about natural gas and ignoring the OIL hedge prices that when readers look at the hedging slide to see exactly what they have posted in the December 6, 2012 presentation that they will not see the OIL hedges which are on that same slide?.....or would you prefer that they just ignore the oil.
Also, you "forget" to mention that the price of natural gas has affected every producer....and while you try to spinn something from the far out years natural gas hedges you left out....again any comment about hoe those prices change over time and may go up as we saw with the LINE oil hedges which went up about $8 in only ONE year for the 2012 or 2013 hedges....
......you can see this by looking at the hedging slides for 2011 & 2012 and compare the same year hedge price for oil...look at 2012 for example.
In addition, you also did not compare the Linn hedges to any other.....how about CHK, or COG or EVEP?
None of them seem to be as hedged or protected against adverse price declines as Linn is....right?
We can go through 40 or 50 to compare to see if there is anyone if you like......would you like to start?