LINN Energy’s business strategy is comprised of the following key elements.
Grow Through Acquisitions of Long-Life,
High-Quality U.S. Assets
LINN Energy’s acquisition program focuses on U.S. oil and natural gas basins that provide significant opportunities for future growth and consolidation. We target assets that are financially accretive and provide long-life, high-quality production with relatively predictable decline curves and low-risk development opportunities. We evaluate acquisitions based on decline profile, reserve life, operational efficiency, field cash flow and development costs.
Organically Grow Reserves and Production
LINN Energy maintains a large inventory of drilling and optimization projects to achieve organic growth through its capital program. We implement drilling programs and optimization projects intended to not only replace production, but also grow production and reserves. We focus on low-risk, repeatable drilling opportunities to maintain and/or grow cash flow. Many of the wells are completed in multiple producing zones with commingled production and long economic lives. The number, types and locations of wells varies, depending on our capital budget, well costs, anticipated production and estimated recoverable reserves.