LINN Energy estimates that it will grow production more than 30 percent in 2011. The Company plans to achieve this growth through a 2011 oil and gas capital program of $480 million, which includes two distinct components. The first component will focus on drilling high rate-of-return, liquids-focused wells in the Granite Wash and Permian Basin Wolfberry trend.

The second component will focus on low-cost optimization, workover, recompletion and facilities projects across all operational areas. LINN plans to allocate approximately 50 percent of the capital program to Granite Wash, 35 percent to Permian Wolfberry and 15 percent to developing the rest of its assets.

The Company plans to complete more than 380 of these low-cost projects and drill more than 220 wells during 2011. Severe winter weather conditions in Oklahoma and Texas during first quarter 2011 led to disruptions to the Company's production and operations.

However, the disruptions did not impact the productive capacity of LINN's existing wells. The Company's current production capacity is 330 MMcfe/d and the average production rate for full year 2011 is estimated to be approximately 345 MMcfe/d.

Tags: Linn Energy