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Linn Energy LLC | Barclays Capital High Yield Bond and Syndicated Loan Conference | Mark E. Ellis | Page 5 of 11 | June 09, 2026

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R a n k I n d e p e n d e n t E & P s E n t e r p r i s e V a l u e ( $ M M ) 1 O c c i d e n t a l P e t r o l e u m C o r p . $ 8 3 , 6 6 6 2 A n a d a r k o P e t r o l e u m C o r p . $ 5 5 , 6 1 8 3 A p a c h e C o r p . $ 5 0 , 0 3 1 4 E O G R e s o u r c e s I n c . $ 3 5 , 8 1 7 5 D e v o n E n e r g y C o r p . $ 3 2 , 5 1 6 6 C h e s a p e a k e E n e r g y C o r p . $ 3 1 , 2 7 6 7 N o b l e E n e r g y I n c . $ 2 0 , 2 8 6 8 C o n t i n e n t a l R e s o u r c e s I n c . O k l a h o m a $ 1 7 , 4 5 1 9 P i o n e e r N a t u r a l R e s o u r c e s C o . $ 1 5 , 7 1 4 10 S o u t h w e s t e r n E n e r g y C o . $ 1 3 , 3 8 4 11 C o n c h o R e s o u r c e s I n c . $ 1 2 , 6 7 1 12 L i n n E n e r g y , L L C $ 1 2 , 3 3 7 13 R a n g e R e s o u r c e s C o r p . $ 1 2 , 0 5 3 14 D e n b u r y R e s o u r c e s I n c . $ 1 0 , 2 2 6 15 E Q T C o r p . $ 9 , 4 1 7 16 P l a i n s E x p l o r a t i o n & P r o d u c t i o n C o . $ 9 , 0 9 6 17 W h i t i n g P e t r o l e u m C o r p . $ 8 , 3 4 4 18 C a b o t O i l & G a s C o r p . $ 7 , 9 3 2 19 N e w f i e l d E x p l o r a t i o n C o . $ 7 , 8 2 0 20 C i m a r e x E n e r g y C o . $ 7 , 4 0 1 21 Q E P R e s o u r c e s I n c . $ 7 , 3 9 4 22 S a n d R i d g e E n e r g y I n c . $ 7 , 0 4 8 23 S M E n e r g y C o . $ 5 , 9 9 1 24 U l t r a P e t r o l e u m C o r p . $ 5 , 6 8 9 25 B e r r y P e t r o l e u m C o . C l A $ 4 , 1 3 6 MLP and Independent E&P Rankings 5 (1) Market data as of March 16, 2012 (LINE closing price of $38.49). (2) LINE enterprise value calculated pro forma for announced 2012 acquisitions, 19.6 million unit offering, and $1,800 million notes offering. Source: Bloomberg. ? LINN is quickly becoming one of the largest MLP and independent E&P companies ? 8th largest public MLP/LLC; and ? 12th largest domestic independent oil & natural gas company R a n k M a s t e r L i m i t e d P a r t n e r s h i p E n t e r p r i s e V a l u e ( $ M M ) 1 E n t e r p r i s e P r o d u c t s P a r t n e r s L . P . $ 5 9 , 4 2 9 2 K i n d e r M o r g a n E n e r g y P a r t n e r s , L . P . $ 4 0 , 9 2 1 3 W i l l i a m s P a r t n e r s L . P . $ 2 5 , 5 3 6 4 E n e r g y T r a n s f e r P a r t n e r s , L . P . $ 1 9 , 2 3 0 5 P l a i n s A l l A m e r i c a n P i p e l i n e , L . P . $ 1 8 , 4 6 1 6 O N E O K P a r t n e r s , L . P . $ 1 6 , 2 4 9 7 E n b r i d g e E n e r g y P a r t n e r s , L . P . $ 1 4 , 0 3 0 8 L i n n E n e r g y , L L C $ 1 2 , 3 3 7 9 E l P a s o P i p e l i n e P a r t n e r s , L . P . $ 1 1 , 1 2 4 10 M a g e l l a n M i d s t r e a m P a r t n e r s , L . P . $ 9 , 9 2 5 11 B o a r d w a l k P i p e l i n e P a r t n e r s , L . P . $ 8 , 9 1 3 12 B u c k e y e P a r t n e r s , L . P . $ 8 , 2 2 7 13 M a r k W e s t E n e r g y P a r t n e r s , L . P . $ 7 , 9 7 2 14 N u S t a r E n e r g y L . P . $ 6 , 4 3 0 15 C h e n i e r e E n e r g y P a r t n e r s , L . P . $ 6 , 1 3 5 16 R e g e n c y E n e r g y P a r t n e r s L . P . $ 5 , 7 3 7 17 C h e s a p e a k e M i d s t r e a m P a r t n e r s , L . P . $ 5 , 4 8 1 18 S u n o c o L o g i s t i c s P a r t n e r s L . P . $ 5 , 4 5 6 19 T a r g a R e s o u r c e s P a r t n e r s L . P . $ 5 , 3 4 7 20 A m e r i G a s P a r t n e r s , L . P . $ 4 , 8 2 3 21 T e e k a y L N G P a r t n e r s L . P . $ 4 , 6 8 6 22 W e s t e r n G a s P a r t n e r s , L . P . $ 4 , 6 5 5 23 I n e r g y , L . P . $ 3 , 7 8 0 24 S p e c t r a E n e r g y P a r t n e r s , L . P . $ 3 , 7 5 6 25 N a t u r a l R e s o u r c e P a r t n e r s , L . P . $ 3 , 2 6 6