Skip to main content October 2016 Creditor Presentation – Linn Energy, Llc | Shale Experts
Loading...
Pm

October 2016 Creditor Presentation – Linn Energy, Llc

Linn Energy, Llc · Oct 11, 2016 · 24 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. October 2016 Creditor Presentation – Linn Energy, Llc – slide 1
    Creditor Presentation October 2016
  2. October 2016 Creditor Presentation – Linn Energy, Llc – slide 2
    Select Financial Model Definitions Amortization of contracts assumed through merger: adjustments to GAAP-related items to represent true cash costs Cash payment adjustments A/P, Reorganization, Ad Val: timing true-up for items that had…
  3. October 2016 Creditor Presentation – Linn Energy, Llc – slide 3
    LINN Stand-Alone 6
  4. October 2016 Creditor Presentation – Linn Energy, Llc – slide 4
    Stable Asset Base - LINN Long Reserve Life Low geologic risk and well-established production history Base production decline rate of 12% Resource potential represents currently producing wells and capital projects scheduled…
  5. October 2016 Creditor Presentation – Linn Energy, Llc – slide 5
    2016 Financial Summary - LINN ( thousands unless otherwise noted) Q1 A Q2 A Q3 E Q4 E Fiscal Year E Previous Model E 2016 2016 2016 2016 2016 2016 Net production Natural gas (MMcf) 48,706 46,528 46,116 45,264 186,613 179,401 Oil…
  6. October 2016 Creditor Presentation – Linn Energy, Llc – slide 6
    Projections Summary - LINN ( thousands unless otherwise noted) 2016 E 2017 E 2018 E 2019 E 2020 E Net production Natural gas (MMcf) 186,613 180,720 182,366 179,818 176,245 Oil (MBbls) 10,120 9,982 9,936 9,987 10,264 NGL (MBbls) 8,781…
  7. October 2016 Creditor Presentation – Linn Energy, Llc – slide 7
    Development Plan Capital - LINN ( millions) Division 2016E 2017E 2018E 2019E 2020E Oklahoma City 97 132 130 132 124 Houston 44 88 82 79 69 California 1 26 33 38 54 Midstream 48 20 65 3 8 Administrative 7 9 9 9 9 Total…
  8. October 2016 Creditor Presentation – Linn Energy, Llc – slide 8
    PV-10 for LINN Strip as of July 25, 2016 ( millions) PDP PDBP/NP UNDEV Total Division PV-10 PV-10 PV-10 PV-10 Houston 1,403 17 184 1,604 Oklahoma City 256 16 474 746 California 265 37 75 377 Total 1,923 70 732 2,726…
  9. October 2016 Creditor Presentation – Linn Energy, Llc – slide 9
    LINN Stand-Alone Resource Bridge YE 2015 SEC Reserves to LRP Resource 4,500 4,000 182 1,049 3,500 Net Resource Potential (Bcfe) 154 3,000 2,500 2,000 4,148 3,435 1,500 1,000 500 0 '15 YE Proved Reserves…
  10. October 2016 Creditor Presentation – Linn Energy, Llc – slide 10
    Berry Stand-Alone 13
  11. October 2016 Creditor Presentation – Linn Energy, Llc – slide 11
    Stable Asset Base - Berry Long Reserve Life Low geologic risk and well-established production history Resource potential represents currently producing wells and capital projects scheduled through 2020 significant unscheduled…
  12. October 2016 Creditor Presentation – Linn Energy, Llc – slide 12
    2016 Financial Summary - Berry ( thousands unless otherwise noted) Q1 A Q2 A Q3 E Q4 E Fiscal Year E Previous Model E 2016 2016 2016 2016 2016 2016 Net production Natural gas (MMcf) 7,310 6,972 7,340 7,052 28,673 30,514 Oil (MBbls)…
  13. October 2016 Creditor Presentation – Linn Energy, Llc – slide 13
    Projections Summary - Berry ( thousands unless otherwise noted) 2016 E 2017 E 2018 E 2019 E 2020 E Net production Natural gas (MMcf) 28,673 27,103 25,459 23,875 22,102 Oil (MBbls) 8,533 7,591 7,454 7,795 8,228 NGL (MBbls) 1,206 980…
  14. October 2016 Creditor Presentation – Linn Energy, Llc – slide 14
    Development Plan Capital - Berry ( millions) Division 2016E 2017E 2018E 2019E 2020E California 32 72 66 56 46 Houston 3 6 6 6 1 Oklahoma City 1 1 1 0 1 Total 36 79 72 61 48 Note: Totals may not foot due to…
  15. October 2016 Creditor Presentation – Linn Energy, Llc – slide 15
    PV-10 for Berry Strip as of July 25, 2016 ( millions) PDP PDBP/NP UNDEV Total Business Unit PV-10 PV-10 PV-10 PV-10 CALIFORNIA 517 66 148 732 HOUSTON 332 0 10 342 OKLAHOMA CITY 7 0 2 9 Total 857 66 160 1,083 The…
  16. October 2016 Creditor Presentation – Linn Energy, Llc – slide 16
    Berry Stand-Alone Resource Bridge YE 2015 SEC Reserves to LRP Resource 1,400 1,200 153 Net Resource Potential (Bcfe) 1,000 142 45 800 600 1,053 1,019 400 200 0 '15 YE Proved Reserves Prod. Jan - June '16…
  17. October 2016 Creditor Presentation – Linn Energy, Llc – slide 17
    Appendix 20
  18. October 2016 Creditor Presentation – Linn Energy, Llc – slide 18
    Mortgage Lien Analysis Subject to ongoing review and diligence in all respects 1 Likely mortgaged when identified on lease information without Book/Page match 2 Possibly Mortgaged based on well disclosure alone 3 Continuing to…
  19. October 2016 Creditor Presentation – Linn Energy, Llc – slide 19
    LINN Encumbered/Unencumbered Cash Analysis Forecasted year-end 2016 encumbered / unencumbered cash Ending Cash ( millions) 12/31/16E1 Encumbered Cash 379.6 Unencumbered Cash 169.6 Total Cash2 549.2 1 Based on 13-week…
  20. October 2016 Creditor Presentation – Linn Energy, Llc – slide 20
    Oklahoma Unconventional Upside MAJOR COUNTY 52,000 Net Acres Mississippian/Woodford KINGFISHER COUNTY Significant industry activity: Sale Acreage 7,000 Net Acres 40 rigs currently drilling in CANADIAN COUNTY SCOOP, STACK,…
  21. October 2016 Creditor Presentation – Linn Energy, Llc – slide 21
    Regional Cross-section A STACK Cana Tuttle SCOOP A SPRINGER OSAGE WOODFORD HUNTON A KINGFISHER BLAINE Woodford Thickness STACK to SCOOP: 50 to 500 Top of Woodford STACK to SCOOP: 8,500 to 16,000 Mayes and Hunton proven…
  22. October 2016 Creditor Presentation – Linn Energy, Llc – slide 22
    SCOOP/STACK Play Activity Tuttle Wells Drilled as of July 2016 Stacked potential in Mississippian, Woodford and Hunton 6 5 4 3 2 1 6 5 4 3 2 1 6 5 4 3 2 1 Citizen 7 8 9 10 11 12 7 8 9 10 11 12 7 8 9 10 11 12 Gaedeke LINN owns…
  23. October 2016 Creditor Presentation – Linn Energy, Llc – slide 23
    Tuttle Type Well IP- 3.3 MMcfpd IP- 397 Bopd Type Well Assumptions B- 1.2 B- 1.2 Gross EUR Oil (MBbls) 207 De- 57% De- 79% Gross EUR Gas (MMcf) 3,790 Gross Sales EUR Gas (MMcf) 2,691 Gross NGL EUR (MBbls) 549 Gross Sales EUR…
  24. October 2016 Creditor Presentation – Linn Energy, Llc – slide 24
    Tuttle Midstream Market Overview Midstream Opportunity Tuttle Midstream Infrastructure Estimated 4+ TCF EUR from Miss/Woodford/Hunton in this 9 Township area Insufficient current takeaway capacity LINN 9 Current gathering systems…

From the store

Browse maps, data & reports in the Shale Experts store