LINN Energy has a diverse U.S. asset base with core focus areas in the Mid-Continent, Granite Wash, Permian Basin, Hugoton Basin, Rockies, Michigan, California and East Texas. We have over 15,000 gross productive oil and natural gas wells and achieved record annual organic production growth of 15 percent in 2012.
We have access to approximately 4.8 Tcfe of proved reserves as of Dec. 31, 2012. Almost all of our acreage is held by production, and we have a multi-year inventory of low-risk, liquids-rich development opportunities to grow production and reserves. This includes approximately 11,000 identified potential drilling locations.
Two of our key growth areas are the Granite Wash and Permian Basin Wolfberry Trend. Our inventory also includes assets that provide stable, long-life production such as the Kansas Hugoton Basin, California Brea-Olinda field and Michigan Antrim Shale. These low-decline assets provide a steady stream of cash flow that helps enable LINN to deliver consistent quarterly distributions to unitholders and pursue additional growth opportunities.
A Good Neighbor