Linn Energy acquires Appalachian properties

By OGJ editors
HOUSTON, Feb. 8 -- Linn Energy LLC, Pittsburgh, which floated a $223 million public offering in January 2006, paid $12.7 million for three acquisitions of further working interests in wells the company operates in Pennsylvania and West Virginia.

Acquisitions since Linn Energy's inception in March 2003 now total 12. The company averaged 21.6 MMcfe/d from 2,105 wells at Nov. 30, 2005.

Linn Energy's proved reserves were 189.6 bcfe, 99% gas, on Sept. 30, 2005, and it had identified 362 proved undeveloped drilling locations and more than 500 other locations.

The company held 140,000 net acres in the Appalachian basin, mostly in Pennsylvania, West Virginia, New York, and Virginia.

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