Reserve Estimates The SEC permits oil and natural gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that meet the SECs definitions for such terms. The Company may use terms in this…
1Q 2017 Highlights Successfully emerged from restructuring and reduced total debt to 834 million as of March 31, 2017 Entered into a definitive agreement to sell the Jonah and Pinedale assets in Wyoming for 581.5 million Commenced…
Overview of LINNs Assets As of year end 2016 unless otherwise noted Williston Mid-Continent Core Growth Merge / NW STACK / STACK / SCOOP Exposure across the entirety of this premier U.S. onshore resource play includes significant…
LINN Asset Detail As of year end 2016 unless otherwise noted Proved Proved Developed (2&4) Proved Developed (3&4) Production( 1) Primary Net Acres Developed (2) SEC Pricing PV-10 Strip Pricing PV-10 Operatorship (MMcfe/d) Commodity…
Corporate Strategy UPSTREAM ACCELERATE DEVELOP TEST HORIZONTAL GROWTH DIVEST DE-RISK MERGE MERGE POTENTIAL MLP NON-CORE HORIZONTAL NW STACK NLA / ETX E&P MIDSTREAM ASSETS POSITION ARKOMA PROGRAM BUSINESS ROCKIES…
Net Asset Value Upside Value 2.6+ million net acres Significant additional Inventory that benefits majority HBP with exposure to inventory at higher from technology and cost + Additional Upside future stacked pay commodity prices…
2017 Capital Allocation 57% of total 2017 budgeted capital is allocated to the Merge 234 million in the Merge 413 million of Total Capital 11 34 95 100 165 40 100 102 Horizontal Development Horizontal Development…
Top tier position across SCOOP / STACK / Merge NW STACK 185,000 total net acres STACK 96%+ HBP provides optionality for development pace Concentrated core position in the Merge Merge Significant and consolidated exposure…
Merge Premier acreage position with strong recent results LINN Acreage 53,000 net acres Canadian Key targets are Mississippi, Woodford and Hunton Running 2 rigs in 2017 with plans for 25 gross wells Chisholm Trail Plant More…
Merge Core Growth Asset Significant production growth on the horizon assuming 2 rig drilling program Flexibility to add rigs quickly MERGE AVG DAILY PRODUCTION (MBOE/D) 20 16.7 15 10 8.0 6.7 5 0 YE 2016 Exit…
Chisholm Trail Midstream Building a Premier Midstream Business in the Merge Merge Midstream Infrastructure Construction has been approved on a cryogenic plant with designed capacity of 250 MMcf/d LINN has signed agreements…
NW STACK Industry activity continues to de-risk acreage Mounds 16-1H (Carrera) Elwell 29-1H (Comanche) Schoeppel 16-20-12 1H Medill 1-27H (Sandridge) Asset Highlights First Prod. Date: 12/15 First Prod. Date: 10/14 First Prod.…
Debt Reduction 1Q 2017 Total Debt to Adjusted EBITDAX(1) of 1.6x as of 3/31/2017 8,445 Debt Reduction Contributors 8,000 Berry Separation 1,707 7,000 6,738 Equitize Second Lien / Unsecured Notes 4,023 3,857 6,000 Hedge Unwind…
Capital Structure Approximately 89.2 million shares issued and outstanding Common Equity 9.9 millions shares reserved for issuance under the Companys Omnibus Incentive Plan of which 3.7 million shares have been issued to date as…
Total Debt to Adjusted EBITDAX Reconciliation The non-GAAP financial measure of adjusted EBITDAX, as defined by the Company, may not be comparable to similarly titled measures used by other companies. Therefore, this non-GAAP measure…
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