Linn Energy is an independent oil and gas company focused on the development and acquisition of long-lived properties in the United States. Our core areas include:

• Appalachian Basin, which includes West Virginia, Pennsylvania and Virginia;
• Western, which includes the Brea Olinda Field in the Los Angeles Basin of California;
• Mid-Continent, which includes the Sooner Trend of north central Oklahoma; and
• Texas Panhandle, which includes the Texas portion of the Hugoton-Panhandle Field.

From inception in March 2003 through March 2007, we have completed 17 acquisitions of oil and gas properties and related gathering and pipeline assets for an aggregate purchase price of approximately $1.1 billion, with total proved reserves of approximately 772 Bcfe, or an acquisition cost of approximately $1.44 per Mcfe.

Pro forma for these acquisitions, our proved reserves as of February 2007 were approximately 784 Bcfe, of which approximately 52% were gas, 26% were oil and 22% were natural gas liquids. Our pro forma average proved reserves-to-production ratio, or pro forma average reserve life, is over 30 years.

As part of our business strategy, we continually evaluate opportunities to acquire additional oil and gas properties which complement our asset profile.