LINN Energy and Citizen Energy Form Roan Resources A Pure Play Merge/SCOOP/STACK Company
LINN Energy and Citizen Energy Form Roan Resources Formation of a LINN Energy, Inc. Merge/SCOOP/STACK Citizen Energy II, LLC LINN retains 105,000 net acres in the NW STACK and its Chisholm Trail midstream business Pure Play…
Scaled, High-Quality Combined Acreage Position Across the Merge/SCOOP/STACK LINN Citizen Combined Roan Resources 70,000 Net Acres 70,000 Net Acres 140,000 Total Net Acres(1) LINN Acreage Citizen Acreage Z Contribution AMI Roan…
Unique, Concentrated and Operated Acreage Position in the Merge Play LINN Citizen Combined Roan Resources 51,000 Net Acres 52,000 Net Acres 103,000 Total Net Acres(1) LINN Acreage Citizen Acreage Roan Acreage 3 (1) Total net…
Geologic Overview Overview Merge Type Log STACK / Merge Comparison The Woodford and Mississippian (Sycamore/Mayes) are Play STACK Merge proven highly productive benches Both the Mississippian and Woodford have been materially…
Extensive Inventory Across Multiple Benches Projected well inventory Sycamore Thickness ranging from 125 ft to over 300 ft in the Merge area Upside well inventory Basinal equivalent of the Mississippian Meramec of the STACK Recent…
Significant Activity Concentrated Around Position in the Core of the Merge Roan Resources Woodford Well LINN Jones Other Operator Permit Operated Sycamore Well Citizen Other Gatz 1H-3019X (Cimarex) Oppel 1H-17-20 (Citizen) Oppel 1H-9…
Chisholm Trail Retained by LINN Energy Building a Premier Midstream Business in the Merge LINN Merge Midstream Infrastructure Construction has commenced on a cryogenic plant with a capacity of 250 MMcf/d Future LINN has signed…
NW STACK Retained by LINN Energy Significant potential as the play develops Majority operated position of 105,000 net NW STACK - Retained acres that is 99%+ held by production and is retained by LINN Significant and…
Next Steps / Path Forward Roan Resources will have independent management and a separate board of directors comprised of: 4 LINN designated directors 4 Citizen designated directors To-be-appointed Chief Executive Officer LINN and…