Supplemental Q4 2011 Financial and Operational Results DISTRIBUTION GROWTH ACQUISITIONS ASSETS PEOPLE
4th Quarter & Full-Year 2011 Highlights h LINN reported the following fourth quarter and full-year 2011 results: Increased average daily production 38 percent to 425 MMcfe/d for the fourth quarter 2011, compared to 307 MMcfe/d for the…
Texas Granite Wash Operated Horizontal Activity (Greater Stiles Ranch) Roger Mills 7TH STEP MENDOTA TWIN CHANNELS County Hemphill County Hemphill County BUFFALO WALLOW OKLAHOMA DYCO 2 STEP DYCO Wheeler County…
Texas Panhandle Stratigraphy PRODUCING ZONES VERTICAL LATERAL BOREHOLES 9,400 VIR- GILIAN Tonkawa Lansing Kansas City (Hogshooter) Cleveland Carr G D R Britt E A S N A I M O T B 5,600 I E Interval N C E S W D…
Texas Granite Wash Horizontal Program Cumulative Production by Well as of February 2012 h Graph represents cumulative production performance of LINN-operated Granite Wash wells over time compared to production model h Relatively…
Granite Wash Gathering System Update h Constructed 63 miles in 2011 h Extending 43 miles in 2012 h Multiple interconnects h Exposure to more processing capacity TWO STEP Hemphill County Enbridge Eagle Rock BUFFALO WALLOW DYCO…
Adjusted EBITDA Adjusted EBITDA is a measure used by Company management to indicate (prior to the establishment of any reserves by its Board of Directors) the cash distributions the Company expects to make to its unitholders. Adjusted…
Adjusted Net Income Adjusted net income (a non-GAAP financial measure), as defined by the Company, may not be comparable to similarly titled measures used by other companies. Therefore, adjusted net income should be considered in…
Coverage Ratio Calculation LINN ENERGY, LLC COVERAGE RATIO CALCULATION Three Months Ended Year Ended December 31, S eptember 30, December 31, 2011 2011 2011 (in thousands, except unit and ratio amounts) Adjusted EBITDA (1)…
Statements of Operations Three Months Ended Year Ended (in thousands, except per unit amounts) December 31, December 31, 2011 2010 2011 2010 Revenues and other: Oil, natural gas and natural gas liquid sales 326,458 210,167…
Operating Statistics Three Months Ended Year Ended December 31, December 31, 2011 2010 2011 2010 Average daily production Natural gas (MMcf/d) 205 154 175 137 Oil (MBbls/d) 24.5 16.4 21.5 13.1 NGL (MBbls/d) 12.3 9.1 10.8 8.3 Total…
Selected Balance Sheet Data December 31, 2011 2010 (in thousands) Assets: Total current assets 621,476 710,909 Oil and natural gas properties, net 6,802,033 4,945,468 Other property and equipment, net 149,211 104,752 Other…
Guidance Table Q1 2012E FY 2012E Net Production Natural gas (MMcf/d) 233 - 244 255 - 285 Oil (Bbls/d) 26,529 - 27,612 27,597 - 28,723 NGL (Bbls/d) 11,242 - 11,701 13,238 - 13,778 Total (Mmcfe/d) 460 - 480 500 - 540 Other revenues,…
Guidance Table Continued 1) Includes other revenues and margin on natural gas marketing activities. 2) Excludes unit-based compensation, which represents a noncash charge based on equity-related compensations. 3) Includes effects of…
Commodity Hedge Portfolio The following table summarizes open positions as of December 31, 2011, and represents, as of such date, derivatives in place through December 31, 2016, on annual production volumes: 2012 2013 2014 2015 2016…
Combined Revenues Combined revenues (a non-GAAP financial measure), as defined by the Company, may not be comparable to similarly titled measures used by other companies. Therefore, combined revenues should be considered in conjunction…
Reserve Replacement Metrics The reserve replacement metrics provided herein are non-GAAP financial measures. The methods used by the Company to calculate reserve replacement cost and finding and development cost may differ from methods…
PV-10 PV-10 represents the present value, discounted at 10% per year, of estimated future net revenues. The Companys calculation of PV-10 differs from the standardized measure of discounted future net cash flows determined in accordance…
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