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16th January 2017, 03:20 PM
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Join Date: Aug 2012
Re: Bank Of America Oil Conference

As you Asking for the Information About the Bank of America Merrill Lynch
Global Energy & Power Leveraged Finance Conference 2015 the information is given below

LINN Energy IPO in 2006 with initial enterprise value of ~$713 million
Acquire, develop and maximize cash flowfrom long-lived oil and natural gas assets
Grown through 62 transactions for ~$17 billion
2015 production expected to average between 1.1 – 1.2 Bcfe/d

Large, long-life diversified reserve base
Total proved reserves ~7.3 Tcfe
% proved developed ~80%
% liquids ~42%
Reserve life-index ~17 years
Gross productive wells(2)~28,000

Trades
ExxonMobil Assets Trade I: Hugoton for a portion of Midland Basin
ExxonMobil Assets Trade II: S. Belridge Field for a portion of Midland Basin

Acquisitions
Devon assets acquisition: $2.1 billion in 5 U.S. operating areas
Pioneer assets acquisition: $328 million in Hugoton Basin

Sales
Granite Wash sale: $1.8 billion
Midland Basin sale: $351 million

Low Risk Development Potential
~1,000 future drilling locations
Proved reserves of ~2.1 Tcfe (~28% of total)
83% proved developed
72% natural gas; 27% NGLs
Long reserve life of ~22 years






For the Detail information you may get from the below Attachement that is Free to Download
Attached Files
File Type: pdf Bank of America Merrill Lynch.pdf (2.33 MB, 76 views)


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