ROAN RESOURCES, INC. - FORM 8-K - EX-99.2 - UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

Attached files

file	filename
8-K - FORM 8-K RULE 3-05 FINANCIALS AND PRO FORMAS - ROAN RESOURCES, INC.	form8k.htm
EX-99.1 - STATEMENTS OF REVENUES AND DIRECT OPERATING EXPENSES - ROAN RESOURCES, INC.	exhibit99-1.htm
EX-23.1 - EXHIBIT 23-1 CONSENT OF INDEPENDENT AUDITORS - ROAN RESOURCES, INC.	exhibit23-1.htm

Exhibit 99.2

LINN ENERGY, LLC

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

INDEX

Financial Information	Page Number

Unaudited Pro Forma Condensed Combined Balance Sheet as of September 30, 2011		2
Unaudited Pro Forma Condensed Combined Statement of Operations for the Nine Months Ended September 30, 2011		3
Unaudited Pro Forma Condensed Combined Statement of Operations for the Year Ended December 31, 2010		4
Notes to Unaudited Pro Forma Condensed Combined Financial Statements		5

LINN ENERGY, LLC

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

September 30, 2011

	LINN Energy Historical		Pro Forma Adjustments			LINN Energy Pro Forma
	(in thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	10,075	$	—		$	10,075
Accounts receivable – trade, net		246,677		—			246,677
Derivative instruments		322,872		—			322,872
Other current assets		56,506		3,586	(a)		60,092
Total current assets		636,130		3,586			639,716

Noncurrent assets:
Oil and natural gas properties (successful efforts method), net		6,001,514		572,517	(a)		6,574,031
Other property and equipment, net		133,749		—			133,749
Derivative instruments		453,541		—			453,541
Other noncurrent assets		109,295		—			109,295
Total noncurrent assets		6,698,099		572,517			7,270,616
Total assets	$	7,334,229	$	576,103		$	7,910,332

LIABILITIES AND UNITHOLDERS’ CAPITAL
Current liabilities:
Accounts payable and accrued expenses	$	344,241	$	—		$	344,241
Derivative instruments		3,667		—			3,667
Other accrued liabilities		91,823		—			91,823
Total current liabilities		439,731		—			439,731

Noncurrent liabilities:
Credit facility		65,000		570,000	(b)		635,000
Senior notes, net		3,053,924		—			3,053,924
Derivative instruments		3,213		—			3,213
Other noncurrent liabilities		61,683		6,103	(a)		67,786
Total noncurrent liabilities		3,183,820		576,103			3,759,923

Commitments and contingencies

Unitholders’ capital:
Units issued and outstanding		2,843,507		—			2,843,507
Accumulated income		867,171		—			867,171
		3,710,678		—			3,710,678
Total liabilities and unitholders’ capital	$	7,334,229	$	576,103		$	7,910,332

The accompanying notes are an integral part of these pro forma condensed combined financial statements.

LINN ENERGY, LLC

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

Nine Months Ended September 30, 2011

	LINN Energy Historical			Plains Historical		Panther Historical		SandRidge Historical		Concho Historical		Pro Forma Adjustments				LINN Energy Pro Forma
	(in thousands, except per unit amounts)
Revenues and other:
Oil, natural gas and natural gas liquids sales	$	835,579		$	120,950	$	24,968	$	8,349	$	5,899	$	—			$	995,745
Losses on oil and natural gas derivatives		660,279			—		—		—		—		—				660,279
Marketing revenues		4,159			—		—		—		—		—				4,159
Other revenues		3,564			—		—		—		—		—				3,564
		1,503,581			120,950		24,968		8,349		5,899		—				1,663,747
Expenses:
Lease operating expenses		165,171			23,924		2,694		2,161		437		—				194,387
Transportation expenses		20,152			—		—		—		—		—				20,152
Marketing expenses		2,703			—		—		—		—		—				2,703
General and administrative expenses		91,994			—		—		—		—		—				91,994
Exploration costs		1,498			—		—		—		—		—				1,498
Bad debt expenses		74			—		—		—		—		—				74
Depreciation, depletion and amortization		234,039			—		—		—		—		30,324		(c)		264,923
													560		(d)
Taxes, other than income taxes		56,920			7,424		1,641		708		651		—				67,344
Losses on sale of assets and other, net		1,870			—		—		—		—		—				1,870
		574,421			31,348		4,335		2,869		1,088		30,884				644,945
Other income and (expenses):
Loss on extinguishment of debt		(94,372	)		—		—		—		—		—				(94,372	)
Interest expense, net of amounts capitalized		(191,673	)		—		—		—		—		(18,710	)	(e)		(211,173	)
													(790	)	(f)
Other, net		(6,331	)		—		—		—		—		—				(6,331	)
		(292,376	)		—		—		—		—		(19,500	)			(311,876	)
Income before income taxes		636,784			89,602		20,633		5,480		4,811		(50,384	)			706,926
Income tax expense		(8,730	)		—		—		—		—		—		(g)		(8,730	)
Net income	$	628,054		$	89,602	$	20,633	$	5,480	$	4,811	$	(50,384	)		$	698,196
Net income per unit:
Basic	$	3.63														$	3.98
Diluted	$	3.62														$	3.97
Weighted average units outstanding:
Basic		171,076															173,382
Diluted		171,825															174,131

The accompanying notes are an integral part of these pro forma condensed combined statements of operations.

LINN ENERGY, LLC

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

Year Ended December 31, 2010

	LINN Energy Historical			Plains Historical		Panther Historical		SandRidge Historical		Concho Historical		Pro Forma Adjustments				LINN Energy Pro Forma
	(in thousands, except per unit amounts)
Revenues and other:
Oil, natural gas and natural gas liquids sales	$	690,054		$	63,101	$	42,122	$	32,341	$	29,728	$	—			$	857,346
Gains on oil and natural gas derivatives		75,211			—		—		—		—		—				75,211
Marketing revenues		3,966			—		—		—		—		—				3,966
Other revenues		3,049			—		—		—		—		—				3,049
		772,280			63,101		42,122		32,341		29,728		—				939,572
Expenses:
Lease operating expenses		158,382			13,826		4,796		12,446		1,309		—				190,759
Transportation expenses		19,594			—		—		—		—		—				19,594
Marketing expenses		2,716			—		—		—		—		—				2,716
General and administrative expenses		99,078			—		—		—		—		—				99,078
Exploration costs		5,168			—		—		—		—		—				5,168
Bad debt expenses		(46	)		—		—		—		—		—				(46	)
Depreciation, depletion and amortization		238,532			—		—		—		—		60,921		(c)		300,514
					—								1,061		(d)
Impairment of goodwill and long-lived assets		38,600			—		—		—		—		—				38,600
Taxes, other than income taxes		45,182			3,220		2,956		2,728		3,355		—				57,441
Losses on sale of assets and other, net		6,536			—		—		—		—		—				6,536
		613,742			17,046		7,752		15,174		4,664		61,982				720,360
Other income and (expenses):
Interest expense, net of amounts capitalized		(193,510	)		—		—		—		—		(31,441	)	(e)		(226,848	)
													(1,897	)	(f)
Losses on interest rate swaps		(67,908	)		—		—		—		—		—				(67,908	)
Other, net		(7,167	)		—		—		—		—		—				(7,167	)
		(268,585	)		—		—		—		—		(33,338	)			(301,923	)
Income (loss) before income taxes		(110,047	)		46,055		34,370		17,167		25,064		(95,320	)			(82,711	)
Income tax expense		(4,241	)		—		—		—		—		—		(g)		(4,241	)
Net income (loss)	$	(114,288	)	$	46,055	$	34,370	$	17,167	$	25,064	$	(95,320	)		$	(86,952	)

Net loss per unit:
Basic	$	(0.80	)													$	(0.57	)
Diluted	$	(0.80	)													$	(0.57	)
Weighted average units outstanding:
Basic		142,535															152,688
Diluted		142,535															152,688

The accompanying notes are an integral part of these pro forma condensed combined statements of operations.

LINN ENERGY, LLC

NOTES TO UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS

Note 1 – Basis of Presentation

The unaudited pro forma condensed combined balance sheet as of September 30, 2011, is derived from:

·	the historical consolidated financial statements of Linn Energy, LLC (“LINN Energy” or the “Company”); and

·	the preliminary values assigned to the identifiable assets to be acquired and liabilities to be assumed from Plains Exploration & Production Company (“Plains”).

The unaudited pro forma condensed combined statements of operations of LINN Energy for the nine months ended September 30, 2011, and year ended December 31, 2010, are derived from:

·	the historical consolidated financial statements of LINN Energy;

·	the historical statements of revenues and direct operating expenses of certain oil and natural gas properties to be acquired from Plains (the properties, the “Plains Properties”);

·	the historical statements of revenues and direct operating expenses of certain oil and natural gas properties acquired from Panther Energy Company, LLC and Red Willow Mid-Continent, LLC (collectively referred to as “Panther” and the properties, the “Panther Properties”);

·	the historical statements of revenues and direct operating expenses of certain oil and natural gas properties acquired from SandRidge Exploration and Production, LLC (“SandRidge” and the properties, the “SandRidge Properties”); and

the historical statements of revenues and direct operating expenses of certain oil and natural gas properties acquired from an affiliate of Concho Resources Inc. (“Concho” and the properties, the “Concho Properties” and together with the Plains Properties, Panther Properties and the SandRidge Properties, the “Properties”).

The unaudited pro forma condensed combined balance sheet gives effect to the pending acquisition of the Plains Properties as if the transaction had occurred on September 30, 2011. The unaudited pro forma condensed combined statements of operations give effect to the acquisitions of Properties as if the transactions had occurred on January 1, 2010. The transactions and the related adjustments are described in the accompanying notes. In the opinion of Company management, all adjustments have been made that are necessary to present fairly, in accordance with Regulation S-X, the pro forma condensed combined statements of operations.

The unaudited pro forma condensed combined balance sheet and statements of operations are presented for illustrative purposes only, and do not purport to be indicative of the results of operations that would actually have occurred if the transactions described had occurred as presented in such statements or that may be obtained in the future. In addition, future results may vary significantly from those reflected in such statements due to factors described in “Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010, and elsewhere in the Company’s reports and filings with the Securities and Exchange Commission (“SEC”).

The unaudited pro forma condensed combined balance sheet and statements of operations should be read in conjunction with the Company’s historical consolidated financial statements and the notes thereto included in its Annual Report on Form 10-K for the year ended December 31, 2010. The pro forma statements should also be read in conjunction with the historical statements of revenues and direct operating expenses for the Plains Properties and the notes thereto filed as Exhibit 99.1 to the Current Report on Form 8-K of which this Exhibit 99.2 is a part, and the statements of revenues and direct operating expenses for the Panther Properties, SandRidge Properties and Concho Properties and the notes thereto filed as exhibits 99.1, 99.2 and 99.3 to the Current Report on Form 8-K filed August 2, 2011.

LINN ENERGY, LLC

NOTES TO UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

Note 2 – Acquisition Dates

The Company anticipates the acquisition of the Plains Properties will close December 15, 2011, for an estimated closing price of approximately $570 million, subject to closing conditions, and will have an effective date of November 1, 2011.

The results of operations of the Panther Properties, SandRidge Properties and Concho Properties have been included in the historical financial statements of the Company since their respective acquisition dates.

The acquisition of Panther Properties was completed on June 1, 2011, with an effective date of January 1, 2011, for total consideration of approximately $222 million.

The acquisition of SandRidge Properties was completed on April 1, 2011, with the same effective date, for total consideration of approximately $201 million.

The acquisition of Concho Properties was completed on March 31, 2011, with an effective date of March 1, 2011, for total consideration of approximately $194 million.

Note 3 – Preliminary Acquisition Accounting

The acquisitions are accounted for under the acquisition method of accounting. Accordingly, the Company conducts assessments of net assets acquired and recognizes amounts for identifiable assets acquired and liabilities assumed at their estimated acquisition date fair values, while transaction and integration costs associated with the acquisitions are expensed as incurred. The initial accounting for the business combination will be performed subsequent to closing and adjustments to estimated amounts, or recognition of additional assets acquired or liabilities assumed, may occur as more detailed analyses are completed and additional information is obtained about the facts and circumstances that existed as of the acquisition date.

The following presents the estimated values assigned to the net assets to be acquired in the pending acquisition from Plains (in thousands):

Assets:
Current	$	3,586
Oil and natural gas properties		572,517
Total assets to be acquired	$	576,103

Liabilities:
Asset retirement obligations	$	6,103
Net assets to be acquired	$	570,000

Current assets include inventory of materials and supplies. The fair value of oil and natural gas properties and asset retirement obligations were measured using valuation techniques that convert future cash flows to a single discounted amount. Significant inputs to the valuation of oil and natural gas properties include estimates of: (i) reserves; (ii) future operating and development costs; (iii) future commodity prices; (iv) estimated future cash flows; and (v) a market-based weighted average cost of capital rate.

LINN ENERGY, LLC

NOTES TO UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

Note 4 – Pro Forma Adjustments

The Company’s historical results of operations include the results of Properties acquired from Panther, SandRidge and Concho since the acquisition dates. The pro forma statements of operations include adjustments to reflect these acquisitions and the pending acquisition from Plains as if they had occurred on January 1, 2010. The unaudited pro forma condensed combined financial statements have been adjusted to:

(a)	reflect the estimated closing price to be paid by LINN Energy for the purchase of the Plains Properties and adjustments to historical book values of the Plains Properties to their estimated fair values in accordance with the acquisition method of accounting

(b)	reflect the incremental debt of approximately $570 million incurred to fund the estimated closing price for the Plains Properties

(c)	record incremental depreciation, depletion and amortization expense, using the units-of-production method, related to oil and natural gas properties acquired as follows:

for the period from January 1 through September 30, 2011, and for the year ended December 31, 2010, $18 million and $24 million, respectively related to the Plains Properties

for the period from January 1 through June 1, 2011, and for the year ended December 31, 2010, $7 million and $18 million, respectively, related to the Panther Properties

for the period from January 1 through April 1, 2011, and for the year ended December 31, 2010, $2 million and $9 million, respectively, related to the SandRidge Properties

for the period from January 1 through March 31, 2011, and for the year ended December 31, 2010, $3 million and $10 million, respectively, related to the Concho Properties

(d)	record accretion expense related to asset retirement obligations on oil and natural gas properties acquired as follows:

for the period from January 1 through September 30, 2011, and for the year ended December 31, 2010, $403,000 and $501,000, respectively, related to the Plains Properties

for the period from January 1 through June 1, 2011, and for the year ended December 31, 2010, $26,000 and $59,000, respectively, related to the Panther Properties

for the period from January 1 through April 1, 2011, and for the year ended December 31, 2010, $128,000 and $489,000, respectively, related to the SandRidge Properties

for the period from January 1 through March 31, 2011, and for the year ended December 31, 2010, $3,000 and $12,000, respectively, related to the Concho Properties

(e)	record interest expense as follows:

incremental debt of approximately $570 million incurred to fund the estimated closing price for the Plains Properties; the assumed interest rate was 2.9%

incremental debt of approximately $222 million incurred to fund the purchase price of the Panther Properties; the assumed interest rate was 6.5%

LINN ENERGY, LLC

NOTES TO UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

A 1/8 percentage change in the assumed interest rate would result in an adjustment to pro forma net loss as follows:

	Nine Months Ended September 30, 2011			Year Ended December 31, 2010
	(in thousands)

Plains Properties		$	540		$	720
Panther Properties			141			281
		$	681		$	1,001

(f)	record incremental amortization of deferred financing fees associated with debt incurred to fund the purchase price of the Panther Properties

(g)

The Company is treated as a partnership for federal and state income tax purposes. The Company subsidiaries that acquired the Properties are also treated as partnerships for federal and state income tax purposes. Accordingly, no recognition has been given to federal and state income taxes in the accompanying unaudited pro forma condensed combined statements of operations.

The pro forma statements of operations also include an adjustment to the weighted average units outstanding to reflect units issued to fund the purchase price of the SandRidge Properties and the Concho Properties.

Note 5 – Supplemental Oil and Natural Gas Reserve Information

The following tables set forth certain unaudited pro forma information concerning LINN Energy’s proved oil, natural gas and natural gas liquids (“NGL”) reserves for the year ended December 31, 2010, giving effect to the Properties to be acquired from Plains, and Properties acquired from Panther, SandRidge and Concho as if they had occurred on January 1, 2010. There are numerous uncertainties inherent in estimating the quantities of proved reserves and projecting future rates of production and timing of development costs. The following reserve data represent estimates only and should not be construed as being precise.

	Year Ended December 31, 2010
	LINN Energy Historical			Plains Historical			Panther Historical			SandRidge Historical			Concho Historical			LINN Energy Pro Forma
	Natural Gas (Bcf)
Proved developed and undeveloped reserves:
Beginning of year		774			72			29			9			6			890
Revisions of previous estimates		22			—			1			1			1			25
Purchase of minerals in place		369			—			—			—			—			369
Extension and discoveries		118			103			—			—			—			221
Production		(50	)		(7	)		(2	)		—	(1)		—	(1)		(59	)
End of year		1,233			168			28			10			7			1,446
Proved developed reserves:
Beginning of year		549			45			13			6			2			615
End of year		805			51			12			6			2			876
Proved undeveloped reserves:
Beginning of year		225			27			16			3			4			275
End of year		428			117			16			4			5			570

(1)	SandRidge and Concho had 365 MMcf and 188 MMcf, respectively, of natural gas production during the year ended December 31, 2010.

LINN ENERGY, LLC

NOTES TO UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

	Year Ended December 31, 2010
	LINN Energy Historical			Plains Historical			Panther Historical			SandRidge Historical			Concho Historical			LINN Energy Pro Forma
	Oil and NGL (MMBbls)
Proved developed and undeveloped reserves:
Beginning of year		156.3			1.5			5.1			8.3			7.0			178.2
Revisions of previous estimates		9.1			—			0.1			1.0			0.6			10.8
Purchase of minerals in place		50.3			—			—			—			—			50.3
Extension and discoveries		19.4			13.6			—			—			—			33.0
Production		(7.8	)		(0.7	)		(0.4	)		(0.4	)		(0.4	)		(9.7	)
End of year		227.3			14.4			4.8			8.9			7.2			262.6
Proved developed reserves:
Beginning of year		111.8			0.9			1.9			4.4			2.7			121.7
End of year		142.9			4.9			1.5			4.8			2.3			156.4
Proved undeveloped reserves:
Beginning of year		44.5			0.6			3.2			3.9			4.3			56.5
End of year		84.4			9.5			3.3			4.1			4.9			106.2

	Year Ended December 31, 2010
	LINN Energy Historical			Plains Historical			Panther Historical			SandRidge Historical			Concho Historical			LINN Energy Pro Forma
	Total (Bcfe)
Proved developed and undeveloped reserves:
Beginning of year		1,712			81			59			59			49			1,960
Revisions of previous estimates		77			—			1			7			4			89
Purchase of minerals in place		671			—			—			—			—			671
Extension and discoveries		234			184			—			—			—			418
Production		(97	)		(11	)		(4	)		(3	)		(3	)		(118	)
End of year		2,597			254			56			63			50			3,020
Proved developed reserves:
Beginning of year		1,220			50			25			32			19			1,346
End of year		1,662			80			21			35			17			1,815
Proved undeveloped reserves:
Beginning of year		492			31			34			27			30			614
End of year		935			174			35			28			33			1,205

Summarized in the following table is information for the standardized measure of discounted cash flows relating to proved reserves as of December 31, 2010, giving effect to the Properties. There are no future income tax expenses because the Company is not subject to federal income taxes. Limited liability companies are subject to state income taxes in Texas and Michigan; however, these amounts are immaterial. The standardized measure of discounted future net cash flows does not purport to be, nor should it be interpreted to present, the fair value of the oil and natural gas reserves of the properties. An estimate of fair value would also take into account, among other things, the recovery of reserves not presently classified as proved, the value of unproved properties, and consideration of expected future economic and operating conditions. For a discussion of the assumptions used in preparing the information presented, refer to the Company’s financial statements for the fiscal year ended December 31, 2010, as well as to the historical statements of revenues and direct operating expenses of the Plains Properties included elsewhere in this Form 8-K, and the statements of revenues and direct operating expenses for the Panther Properties, SandRidge Properties and Concho Properties and the notes thereto filed as exhibits 99.1, 99.2 and 99.3 to the Current Report on Form 8-K filed August 2, 2011.

LINN ENERGY, LLC

NOTES TO UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

	December 31, 2010
	LINN Energy Historical			Plains Historical			Panther Historical			SandRidge Historical			Concho Historical			LINN Energy Pro Forma
	(in thousands)

Future estimated revenues	$	20,160,275		$	1,477,079		$	518,415		$	732,598		$	531,546		$	23,419,913
Future estimated production costs		(6,825,147	)		(356,469	)		(139,794	)		(326,185	)		(141,514	)		(7,789,109	)
Future estimated development costs		(1,733,929	)		(413,916	)		(142,260	)		(123,998	)		(130,786	)		(2,544,889	)
Future net cash flows		11,601,199			706,694			236,361			282,415			259,246			13,085,915
10% annual discount for estimated timing of cash flows		(7,377,667	)		(444,176	)		(98,417	)		(172,702	)		(149,657	)		(8,242,619	)
Standardized measure of discounted future net cash flows	$	4,223,532		$	262,518		$	137,944		$	109,713		$	109,589		$	4,843,296

Representative NYMEX prices: (1)
Natural gas (MMBtu)	$	4.38		$	4.38		$	4.38		$	4.38		$	4.38
Oil (Bbl)	$	79.29		$	79.43		$	79.29		$	79.29		$	79.29

(1)

In accordance with SEC regulations, reserves at December 31, 2010, were estimated using the average price during the 12-month period, determined as an unweighted average of the first-day-of-the-month price for each month, unless prices are defined by contractual arrangements, excluding escalations based upon future conditions. The price used to estimate reserves is held constant over the life of the reserves.

The following table summarizes the principal sources of change in the standardized measure of discounted future net cash flows:

	Year Ended December 31, 2010
	LINN Energy Historical			Plains Historical			Panther Historical			SandRidge Historical			Concho Historical			LINN Energy Pro Forma
	(in thousands)
Sales and transfers of oil, natural gas and NGL produced during the period	$	(466,964	)	$	(46,055	)	$	(34,370	)	$	(17,167	)	$	(25,064	)	$	(589,620	)
Changes in estimated future development costs		(56,001	)		(120,343	)		4			(3,818	)		(6,766	)		(186,924	)
Net change in sales and transfer prices and production costs related to future production		886,438			70,265			49,027			40,529			39,938			1,086,197
Purchase of minerals in place		1,277,134			―			―			―			―			1,277,134
Extensions, discoveries, and improved recovery		329,642			―			―			―			―			329,642
Previously estimated development costs incurred during the period		42,947			―			―			―			―			42,947
Net change due to revisions in quantity estimates		164,999			353,939			5,349			16,450			14,119			554,856
Accretion of discount		172,328			4,680			10,698			5,477			8,050			201,233
Changes in production rates and other		149,727			(46,771	)		251			13,469			(1,184	)		115,492
	$	2,500,250		$	215,715		$	30,959		$	54,940		$	29,093		$	2,830,957

It is necessary to emphasize that the data presented should not be viewed as representing the expected cash flow from, or current value of, existing proved reserves since the computations are based on a large number of estimates and arbitrary assumptions. Reserve quantities cannot be measured with precision and their estimation requires many

LINN ENERGY, LLC

NOTES TO UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

judgmental determinations and frequent revisions. The required projection of production and related expenditures over time requires further estimates with respect to pipeline availability, rates of demand and governmental control. Actual future prices and costs are likely to be substantially different from the current prices and costs utilized in the computation of reported amounts. Any analysis or evaluation of the reported amounts should give specific recognition to the computational methods utilized and the limitations inherent therein.

ROAN RESOURCES, INC. - FORM 8-K - EX-99.2 - UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS - December 12, 2011

Attached files

ROAN RESOURCES, INC. Reports