Non-GAAP Measures Adjusted EBITDA(X) The non-GAAP financial measure of adjusted EBITDA(X), as defined by the Company, may not be comparable to similarly titled measures used by other companies. Therefore, this non-GAAP measure should be…
Recent Highlights Announced strategic plan to separate into two public companies, Roan Resources (Roan) and Riviera Resources (Riviera) during mid- summer 2018 Completed strategic divesture program resulting in 2 billion of closed…
Strategic Update Proposed Separation Into Two Public Companies LNGG Mid-summer 2018 50% Equity Interest RVRA ROAN Mid-Continent - NW STACK Merge/SCOOP/STACK - Arkoma STACK Pure Play Hugoton / Jayhawk Plant Growth Company East…
Overview of LINNs Assets Roan Resources LLC Merge/SCOOP/STACK pure play company LINN holds 50% of the equity interest Current net production of 38,000 BOE/d 11 DUCs as of 3/31/18 6 active drilling rigs and 2 active frac fleets…
Asset Sales Update Williston 2 billion Jonah Salt Creek of closed asset sales Altamont Bluebell Washakie TX Panhandle Oklahoma 1.5x California Waterfloods Proved Developed PV-10(1)(2) Permian South Texas Proved…
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 June…
Roan Resources Strong Offset Results Increase Growth Potential MRO Alta Mesa STACK / Meramec STACK Oil Window Consistent Meramac / Osage outperformance of STACK 7 Active Rigs volatile oil wells XEC EOG Lone Rock Play…
Roan Resources Significant Activity in the Merge Roan Activity: 6 operated horizontal drilling rigs 13 operated wells drilled in Q1 11 DUCs at March 31, 2018 Highlight Q1 2018 Activity: Griffin Pad Collins pad (2-mile…
Blue Mountain Midstream Chisholm Trail System Primary growth asset of Blue Mountain Midstream LLC Cryogenic plant with a capacity of 250 MMcf/d under construction and expected to be operational by the end of the second quarter of…
Blue Mountain Key Statistics Operating Margin (in millions) Capital Forecast (in millions) 200 200 120 22 175 96 150 150 130 18 125 MMcf/d 110 100 13 75 11 75 61 33 60 50 23 3 25 1 2 0 Q1 2018 A Q2 2018 E…
Riviera Resources, Inc. Upstream Asset Map Growth 323 MMcfe/d(1) 1.7 Tcfe 11% Mid-Continent First Quarter 2018 Proved Developed Reserves Approximate Net Production of 49 MMcfe/d Net Production 76% Natural Gas Base Decline Rate NW…
2018 Guidance Q2 2018E FY 2018E Net Production (MMcfe/d) 295 325 310 350 Natural gas (MMcf/d) 230 255 230 260 Oil (Bbls/d) 1,650 1,750 3,000 3,500 NGL (Bbls/d) 9,250 10,000 10,200 11,300 Other revenues, net (in thousands) (1)…
FY 2018 Capital Allocation Total Capital 160 million ( in millions) Sold Assets (1), (3) Remaining O&G Assets Blue Mountain Midstream 1H'18 100 Blue Mountain Midstream 2H'18 20 Chisholm Trail Midstream Asset Sales (2) 4…
Pro-Forma Adjusted Riviera Upstream 2018 EBITDAX Outlook LINN Adjusted Guidance Pro forma Riviera as of Estimates Upstream 5/3/18 Guidance 150 125 48- 53 100 (22) Millions 75 (36) 35 133- 138 50 108 25 50…
Quarter End Cash Reconciliation ( in millions) Previous Guidance as Additional of 2/27/18 Share Cash Balance Asset Sales Permian / STX Repurchases Higher Capital Working Cash Balance 3/31/18 EBITDA Timing (1) Acreage (2) Spending…
Pro-Forma Cash 6/30/2018 ( in millions) Open Market Adjusted G&A Share Projected Ending Cash Field Level and Severance Asset Sales Repurchases Cash Balance 3/31/18 Cash Flow (1) Expenses (2) Capital (3) (4) Other 6/30/2018 (6)…
Share Buybacks As of April 23, 2018 Over 600 million returned to shareholders Retirement of 2018 Employee 2017 Open Market Profits Interest 2018 Open Market Liquidity Program Share Repurchases Tender Offer Shares (1) Share…
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