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Q4 2015 Results – Linn Energy, Llc

Linn Energy, Llc · Feb 22, 2016 · 11 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2015 Results – Linn Energy, Llc – slide 1
    Supplemental Q4 2015 & FY 2015 Financial and Operational Results
  2. Q4 2015 Results – Linn Energy, Llc – slide 2
    2016 Capital Budget Total Capital 2016 capital budget of 340 million 340 million Other Oil and natural gas 5% capital expenditures of 250 million o Represents 44% Plant & Pipeline reduction from 450 Capital million spent in…
  3. Q4 2015 Results – Linn Energy, Llc – slide 3
    Statements of Operations Three Months Ended Year Ended December 31, December 31, 2015 2014 2015 2014 (Unaudited) (in thousands, except per unit amounts) Revenues and other: Oil, natural gas and natural gas liquids sales 352,038…
  4. Q4 2015 Results – Linn Energy, Llc – slide 4
    Operating Statistics Three Months Ended Year Ended December 31, December 31, 2015 2014 2015 2014 Average daily production: Natural gas (MMcf/d) 607 709 642 572 Oil (MBbls/d) 59.0 71.9 62.4 72.9 NGL (MBbls/d) 28.8 36.3 28.6 33.5…
  5. Q4 2015 Results – Linn Energy, Llc – slide 5
    Balance Sheets December 31, December 31, 2015 2014 ASSETS (in thousands, except unit amounts) Current assets: Cash and cash equivalents 2,168 1,809 Accounts receivable - trade, net 216,556 471,684 Derivative instruments 1,220,230…
  6. Q4 2015 Results – Linn Energy, Llc – slide 6
    Statements of Cash Flows Year Ended December 31, 2015 2014 (in thousands) Cash flow from operating activities: Net loss (4,759,811) (451,809) Adjustments to reconcile net loss to net cash provided by operating activities:…
  7. Q4 2015 Results – Linn Energy, Llc – slide 7
    Guidance Table Consolidated Commodity Hedge Positions Q1 2016E FY2016E Natural gas positions: Fixed price swaps (NYMEX Henry Hub): Hedged volume (MMMBtu) 30,294 121,841 Average price (/MMBtu) 4.20 4.20 Put options (NYMEX Henry…
  8. Q4 2015 Results – Linn Energy, Llc – slide 8
    Guidance Table (Continued) Consolidated Commodity Hedge Positions Q1 2016E FY2016E (1) Natural gas basis differential positions: (2) Panhandle basis swaps: Hedged volume (MMMBtu) 14,906 59,954 Hedged differential (/MMBtu) (0.32)…
  9. Q4 2015 Results – Linn Energy, Llc – slide 9
    Consolidated Commodity Hedge Portfolio Natural Gas Positions 700 650 600 550 4.51 4.48 500 Volume (MMcf/d) 450 5.00 4.88 400 38% 36% 350 300 250 200 4.20 4.26 150 5.00 100 50 - 2016 2017 2018 Swaps Puts…
  10. Q4 2015 Results – Linn Energy, Llc – slide 10
    Consolidated Commodity Hedge Portfolio (Continued) 2016 2017 2018 Natural gas positions: Fixed price swaps (NYMEX Henry Hub): Hedged volume (MMMBtu) 121,841 120,122 36,500 Average price (/MMBtu) 4.20 4.26 5.00 Put options (NYMEX…
  11. Q4 2015 Results – Linn Energy, Llc – slide 11
    Consolidated Commodity Hedge Portfolio (Continued) 2016 2017 2018 (1) Natural gas basis differential positions: Panhandle basis swaps: (2) Hedged volume (MMMBtu) 59,954 59,138 16,425 Hedged differential (/MMBtu) (0.32) (0.33)…

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