2017 Highlights Executed on the plan to sell non-core assets, eliminate all debt and evaluate strategic alternatives for all assets Formed a Merge/SCOOP/STACK pure play company Commenced construction on a Merge midstream business…
Strategic Update Proposed Separation Into Three Standalone Companies By Mid-2018 LNGG Roan Resources LLC New Blue Mountain Midstream LLC 50% Equity Interest Company Merge/SCOOP/STACK Chisholm Trail Remaining Assets Pure…
Overview of LINNs Assets Roan Resources LLC Merge/SCOOP/STACK pure play company LINN holds 50% of the equity interest Current net production of 40,000 BOE/d Plan to separate LINN into 5 active drilling rigs and 3 active frac crews…
Asset Sales Update Williston Jonah More than 1.7 billion of closed or Salt Creek pending asset sales during 2017 Altamont Bluebell Washakie Drunkards Wash ACTIVE Altamont Bluebell TX Panhandle* Oklahoma SALES Drunkards Wash…
Roan Resources Focused on the accelerated development of the prolific Merge/SCOOP/STACK play LINN & Citizen sign a Contribution Agreement to form a Merge/SCOOP/STACK pure play company Each receive 50% of the equity interest…
Chisholm Trail Midstream Primary growth asset of Blue Mountain Midstream LLC Cryogenic plant with a capacity of 250 MMcf/d under construction and expected to be commissioned in the second quarter of 2018 LINN signed agreements…
NW STACK Asset Highlights NW STACK - Retained Majority operated position of 105,000 net acres that is 99%+ held by production is retained by LINN Net Production of 15 MMcfe/d(1) Significant and consolidated opportunity in the…
North Louisiana & East Texas Asset Highlights Lassater Lisbon Pettit Net Production of 81 MMcfe/D(1) Waterflood Rocky Targeting Upper and Lower Red horizontals in Mount Ruston the Ruston field of North Louisiana Calhoun Targeting…
Arkoma Asset Highlights NFX Ellis 2H-34XX Net Production of 26 MMcfe/d(1) Woodford (80% Natural Gas, 20% NGL) 30-day Peak: 13.1 MMcf/d Base decline of approximately 9% Approximately 450 producing wells (195 Operated) NFX Ellis…
Hugoton Asset Highlights Net Production of 152 MMcfe/d(1) (64% Natural Gas, 35% NGL) Approximately 6,500 producing wells (Majority Operated) 1.1 million net acres that are 99%+ held by production(2) Jayhawk Plant Very mature, low…
Michigan / Illinois Asset Highlights Net Production of 29 MMcfe/d(1) (97% Natural Gas, 3% Oil) Approximately 2,200 producing wells (1,700 Operated) Base decline of approximately 4% Approximately 200,000 net acres Michigan is a low…
Tender Offer TENDER OFFER TO PURCHASE SHARES 325 million Purchase Price 48.00 per share 6,770,833 37.85 Last closing price per share prior to the launch date SHARES 41.05 Closing price per share on January 5, 2018…
Share Repurchase Program As of December 31, 2017 5.7 million shares repurchased 198 million for an average price of 34.85 per share Represents 6% of Outstanding Equity Shares 202 million remain under the current 400 million…
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