LINN Energy’s Rockies region consists of properties located in Wyoming (Green River, Washakie and Powder River basins), northeast Utah (Uinta Basin), North Dakota (Bakken and Three Forks formations in the Williston Basin) and northwest Colorado (Piceance Basin).

LINN Energy began building a Rockies position in 2011 through three acquisitions in the Williston Basin. In early 2012, the Company entered into a joint-venture agreement to develop the Salt Creek Field in the Powder River Basin of Wyoming. During the second half of 2012, LINN secured a stronger foothold in the Rockies through an acquisition of assets in the Jonah Field, located in the Green River Basin. In 2013, LINN acquired properties located in the Uinta and Piceance Basins through the acquisition of Berry Petroleum Company, LLC. The Company further expanded its position in 2014 through the acquisition of assets from Devon Energy Corporation, gaining an additional 396,000 net acres in the region.

Wells in this diverse region produce both oil and natural gas from formations at depths ranging from 1,000 feet to over 14,000 feet. The Jonah Field located in the Green River Basin of southwest Wyoming produces from the Lance and Mesaverde formations at depths ranging from 8,000 feet to 14,000 feet. LINN’s properties in the Washakie Basin produce at depths ranging from 7,500 feet to 11,500 feet. The Company’s properties in the Powder River Basin consist of a CO2 flood operated by Anadarko Petroleum Corporation in the Salt Creek Field. LINN’s properties in the Uinta Basin produce at depths ranging from 5,000 feet to 15,000 feet. The Company’s non-operated properties in the Williston Basin produce at depths ranging from 9,000 feet to 12,000 feet and its properties in the Piceance Basin produce at depths from 7,500 feet to 9,500 feet.

Rockies proved reserves represented approximately 29 percent of total proved reserves at December 31, 2014, of which 65 percent were classified as proved developed. This region produced 318 MMcfe/d or 26 percent of the Company’s 2014 average daily production. During 2014, the Company invested approximately $590 million to develop the properties in this region. During 2015, the Company anticipates spending approximately 40 percent of its total oil and natural gas capital budget for development activities in the Rockies region.

For the most recent operational updates, review our presentations and news releases.

To more efficiently transport its natural gas in the Uinta Basin to market, the Company owns and operates a network of natural gas gathering systems comprised of approximately 845 miles of pipeline and associated compression and metering facilities that connect to numerous sales outlets in the area. LINN also owns the Brundage Canyon natural gas processing plant with capacity of approximately 30 MMcf/d.

LINN Energy has partnered with Anadarko to increase production from the Salt Creek Field though enhanced oil recovery (EOR) technology that utilizes carbon dioxide (CO2) to stimulate production. EOR is used to increase the amount of oil produced from mature reservoirs after primary recovery methods run their course. EOR operations in Salt Creek utilize CO2 to stimulate oil production from a century-old field. The CO2 injected into the ground enhances oil production and prevents greenhouse gas from being emitted into the atmosphere. LINN Energy believes there is potential to apply the technical knowledge gained from EOR operations through this partnership in Salt Creek to several of its existing legacy fields.