Linn Energy (LINE) is an oil and natural gas E&P company. It had approximately 4.8 Tcfe of proved reserves as of Dec. 31, 2012.
It is now in the process of buying Berry Petroleum (BRY) for $4.3B. With that acquisition LINE's proved reserves will go up to approximately 6.4 Tcfe. 62% of these are proved developed.
The combined company's reserves will be approximately 54% oil and NGLs and 46% natural gas. They will have approximately a 16 year reserve life index.
Berry Petroleum also has approximately 3.8 Tcfe of probable and possible reserves. Developing these should help LINE maintain production as older assets move farther down on their production curves.
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