As the Company explores various alternatives for potential asset trades or sales, it is also simultaneously pursuing an active horizontal drilling program in the Midland Basin. LINN's technical team has performed a thorough analysis to evaluate its potential horizontal Wolfcamp acreage. Recently drilled horizontal Wolfcamp wells near LINN's acreage have been encouraging. As a result, the Company plans to commence operated horizontal activity and drill approximately ten horizontal wells targeting the Wolfcamp B zone beginning in early second quarter 2014. In addition, the Company expects results from its first non-operated horizontal Wolfcamp well in the first quarter 2014. Drilling the horizontal Wolfcamp is a compelling option due to the potential to generate high rates of return. Additionally, the geologic character of the region has the potential to be predictable and to have shallower declines than vertical wells. Should LINN determine the most compelling value is to keep some or all of its Midland Basin position, the Company will evaluate joint venture opportunities. The Company is open to different combinations of the aforementioned strategies. All potential options are targeted to increase cash available for distribution and will also have the potential to lower the Company's overall decline rate and capital intensity. LINN believes its Midland Basin position has tremendous value and is very focused on a thorough process of evaluation in order to fully maximize its value potential.2014 Capital Program
LINN Energy Announces Fourth Quarter And Full-Year 2013 Results And 2014 Outlook
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