March 23, 2017 / 10:54 AM / 5 months ago

BRIEF-Linn Energy reports qtrly loss per unit $2.36

March 23 (Reuters) - Linn Energy Inc:

* Linn Energy reports fourth quarter and full year 2016 results along with 2017 guidance

* Linn Energy Inc - forecast of about 9% total company production growth (Dec. 16 - Dec. 17), from a 2017 oil and gas capital program of $300 million

* Linn Energy Inc - board has engaged Jefferies LLC as lead advisor and has initiated a process to explore and evaluate potential strategic alternatives

* Linn Energy Inc - as part of its restructuring, co is marketing certain non-strategic assets to focus resources on growth opportunities

* Linn Energy Inc - upon its emergence from bankruptcy, company is transitioning to a"growth-oriented exploration and production company"

* Linn ENERGY INC - has approved a 2017 capital budget of $395 million that includes about $300 million of oil and natural gas capital

* Linn Energy - plans to drill 25 wells during year, resulting in a forecasted 2017 exit production rate of about 16,700 boe/d

* Linn Energy Inc - qtrly loss per unit $2.36

* Linn Energy Inc - has approved a 2017 capital budget of $395 million that includes about $300 million of oil and natural gas capital

* Linn Energy Inc - has hedged 370 mmbtu/d of company's expected natural gas production for 2017 at an average price of $3.17 per mmbtu. Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below