Linn Energy (LINE) has an active development program in the Granite Wash and disclosed an update on recent operations here. The company has 12,000 net acres under lease here.
Linn Energy is operating four rigs in the play and plans to drill 35 wells into various Granite Wash formations in 2011. The company reported average net production of 64 million cubic feet of natural gas equivalents per day during the third quarter of 2011, up from 51 million in the previous quarter.
Linn Energy drilled nine operated wells during the third quarter of 2011 and now has 29 wells producing from the play. The company also has nine additional wells in various stages of drilling or completion.
Linn Energy also has production from 25 non operated wells and 3 additional non operated Granite Wash wells in progress.
Linn Energy has now successfully developed five sections of the Granite Wash - Carr, Britt, Granite Wash A, Granite Wash F and the Atoka Wash. The company also drilled two Granite Wash wells from a single pad and plans to expand this pad drilling to six to nine wells in future development.