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Linn Energy, LLC (LINE) Message Board

  • sandonthebeach47 sandonthebeach47 Nov 21, 2012 10:49 AM Flag

    Linn slide questions

    Two points....the Bakken profitability is shown on the Linn slide below (See Slide # 10 & # 28, Linn's presentation of March 27, 2012).

    & there is a Hogshooter profitability question also.

    So,
    please explain any differences from what is clearly shown about the Bakken profitability as IRR of ~50%.

    Please explain if the slide where the wet Granite wash which is shown as an IRR of over 180% is now actually more since the shift toward all of the granite wash to the Hogshooter which was mentioned in another slide, in another presentation as having 65% more revenue that granite wash wet?

    See Slide # 10 & # 28
    from the Linn presentation of March 27, 2012

    Please notice the BAKKEN profitability specifically mentioned as: Rate of returns: ~50%

    Williston Basin – Bakken Play
    Note: Unless noted, all operational and reserve data as of December 31, 2011.
    (1) Average production rate as of 4Q 2011.
    FE ET
    0 18,970’
    Williams
    Mountrail
    McKenzie
    Dunn
    North
    Dakota
    LINN Acreage
    Capital Activity
    Westberg
    Area
    Sanish Bay
    Area
     Strategic entry into premier oil basin in 2011
     Non-operated position with high quality
    operators
     Offers high rates of return
     Significant growth potential
     Additional consolidation opportunities
     Current position
     ~14 MMBoe proved reserves
     ~3,500 Boe/d of current production(1)
     ~17,000 net acres
     91% liquids
     48% proved developed
     ~7% average working interest
     Growth opportunities
     ~800 future drilling opportunities
     Current activity and average results
     IP rates: ~1,000 Boe/d
     EURs: ~500 MBoe
     Rate of returns: ~50%

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Still waiting for an apology.

      • 2 Replies to rlp2451
      • For what specifically?

        You are the one who just made up that the bakken is not profitable for Linn....and that is FALSE....right?

        Still have some difficulty reading the Linn slides?

        "Please notice the BAKKEN profitability is specifically mentioned as: Rate of returns: ~50%"

        And this is the Linn slide that it came from is copied for everyone's reading pleasure...notice the end:
        Rate of returns: ~50%...& see below....."Offers high rates of return"

        That sure sound like a very profitable Bakken, ...... in any language.

        Williston Basin – Bakken Play
        Note: Unless noted, all operational and reserve data as of December 31, 2011.
        (1) Average production rate as of 4Q 2011.
        FE ET
        0 18,970’
        Williams
        Mountrail
        McKenzie
        Dunn
        North
        Dakota
        LINN Acreage
        Capital Activity
        Westberg
        Area
        Sanish Bay
        Area
         Strategic entry into premier oil basin in 2011
         Non-operated position with high quality
        operators
         Offers high rates of return
         Significant growth potential
         Additional consolidation opportunities
         Current position
         ~14 MMBoe proved reserves
         ~3,500 Boe/d of current production(1)
         ~17,000 net acres
         91% liquids
         48% proved developed
         ~7% average working interest
         Growth opportunities
         ~800 future drilling opportunities
         Current activity and average results
         IP rates: ~1,000 Boe/d
         EURs: ~500 MBoe
         Rate of returns: ~50%

        Sentiment: Strong Buy

      • We are not responsible for your primitive emotional condition.

        Free Speech is about objective reasoning towards truth and honest people adjust their views rather than have tantrums.

 
LINE
31.72+0.27(+0.86%)Aug 29 4:00 PMEDT

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