ROAN RESOURCES, INC. - FORM 8-K/A - EX-99.1 - EXHIBIT 99-1 PRO FORMA FINANCIALS

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8-K/A - 8-K/A BP GREEN RIVER AMENDMENT NO. 2 - ROAN RESOURCES, INC.	bpgreenriver8-kaamend2.htm

Exhibit 99.1

LINN ENERGY, LLC

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

INDEX



Financial Information	Page Number

Unaudited Pro Forma Condensed Combined Balance Sheet as of June 30, 2012	2
Unaudited Pro Forma Condensed Combined Statement of Operations for the Six Months Ended June 30, 2012	3
Unaudited Pro Forma Condensed Combined Statement of Operations for the Year Ended December 31, 2011	4
Notes to Unaudited Pro Forma Condensed Combined Financial Statements	5

LINN ENERGY, LLC

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

June 30, 2012



	LINN Energy Historical		Pro Forma Adjustments				LINN Energy Pro Forma
	(in thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	1,883	$	—			$	1,883
Accounts receivable - trade, net	321,012		1,726			(a)	322,738
Derivative instruments	489,530		—				489,530
Other current assets	69,884		—				69,884
Total current assets	882,309		1,726				884,035

Noncurrent assets:
Oil and natural gas properties (successful efforts method), net	8,569,616		1,033,012			(a)	9,602,628
Other property and equipment, net	369,206		—				369,206
Derivative instruments	924,317		—				924,317
Other noncurrent assets	434,654		(307,500		)	(b)	127,154
Total noncurrent assets	10,297,793		725,512				11,023,305
Total assets	$	11,180,102	$	727,238			$	11,907,340

LIABILITIES AND UNITHOLDERS’ CAPITAL
Current liabilities:
Accounts payable and accrued expenses	$	667,541	$	15,147		(a)	$	682,688
Derivative instruments	3,461		—				3,461
Other accrued liabilities	108,841		—				108,841
Total current liabilities	779,843		15,147				794,990

Noncurrent liabilities:
Credit facility	1,150,000		682,291			(c)	1,832,291
Senior notes, net	4,855,547		—				4,855,547
Derivative instruments	250		—				250
Other noncurrent liabilities	262,799		29,800			(a)	292,599
Total noncurrent liabilities	6,268,596		712,091				6,980,687

Commitments and contingencies

Unitholders’ capital:
Units issued and outstanding	3,223,223		—				3,223,223
Accumulated income	908,440		—				908,440
	4,131,663		—				4,131,663
Total liabilities and unitholders' capital	$	11,180,102	$	727,238			$	11,907,340

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

Six Months Ended June 30, 2012



	LINN Energy Historical			BP Green River Historical		BP Hugoton 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	$	696,122		$	86,655	$	56,882	$	—			$	839,659
Gains on oil and natural gas derivatives	441,678			—		—		—				441,678
Marketing revenues	12,131			—		—		—				12,131
Other revenues	4,756			—		—		—				4,756
	1,154,687			86,655		56,882		—				1,298,224
Expenses:
Lease operating expenses	141,765			27,353		20,129		—				189,247
Transportation expenses	32,377			—		—		—				32,377
Marketing expenses	7,150			—		6,188		—				13,338
General and administrative expenses	84,506			—		—		—				84,506
Exploration costs	817			—		—		—				817
Bad debt expenses	(22		)	—		—		—				(22		)
Depreciation, depletion and amortization	260,782			—		—		52,846			(d)	315,027
								1,399			(e)
Impairment of long-lived assets	146,499			—		—		—				146,499
Taxes, other than income taxes	55,851			11,275		4,995		—				72,121
Losses on sale of assets and other, net	1,514			—		—		—				1,514
	731,239			38,628		31,312		54,245				855,424
Other income and (expenses):
Interest expense, net of amounts capitalized	(171,909		)	—		—		(29,445		)	(f)	(202,305		)
								(951		)	(g)
Other, net	(11,225		)	—		—		—				(11,225		)
	(183,134		)	—		—		(30,396		)		(213,530		)
Income before income taxes	240,314			48,027		25,570		(84,641		)		229,270
Income tax expense	(9,430		)	—		—		—			(h)	(9,430		)
Net income	$	230,884		$	48,027	$	25,570	$	(84,641	)		$	219,840

Net income per unit:
Basic	$	1.17										$	1.11
Diluted	$	1.16										$	1.11
Weighted average units outstanding:
Basic	195,382											195,382
Diluted	196,039											196,039

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

Year Ended December 31, 2011



	LINN Energy Historical			BP Green River Historical		BP Hugoton Historical		2011 Acquisitions 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	$	1,162,037		$	312,263	$	290,240	$	197,424	$	—			$	1,961,964
Gains on oil and natural gas derivatives	449,940			—		—		—		—				449,940
Marketing revenues	5,868			—		—		—		—				5,868
Other revenues	4,609			—		—		—		—				4,609
	1,622,454			312,263		290,240		197,424		—				2,422,381
Expenses:
Lease operating expenses	232,619			69,927		80,493		36,725		—				419,764
Transportation expenses	28,358			—		—		—		—				28,358
Marketing expenses	3,681			—		37,675		—		—				41,356
General and administrative expenses	133,272			—		—		—		—				133,272
Exploration costs	2,390			—		—		—		—				2,390
Bad debt expenses	(22		)	—		—		—		—				(22		)
Depreciation, depletion and amortization	334,084			—		—		—		173,699			(d)	511,880
										4,097			(e)
Taxes, other than income taxes	78,522			38,500		22,997		12,750		—				152,769
Losses on sale of assets and other, net	3,516			—		—		—		—				3,516
	816,420			108,427		141,165		49,475		177,796				1,293,283
Other income and (expenses):
Loss on extinguishment of debt	(94,612		)	—		—		—		—				(94,612		)
Interest expense, net of amounts capitalized	(259,725		)	—		—		—		(117,243		)	(f)	(381,564		)
										(4,596		)	(g)
Other, net	(7,792		)	—		—		—		—				(7,792		)
	(362,129		)	—		—		—		(121,839		)		(483,968		)
Income before income taxes	443,905			203,836		149,075		147,949		(299,635		)		645,130
Income tax expense	(5,466		)	—		—		—		—			(h)	(5,466		)
Net income	$	438,439		$	203,836	$	149,075	$	147,949	$	(299,635	)		$	639,664

Net income per unit:
Basic	$	2.52												$	3.65
Diluted	$	2.51												$	3.64
Weighted average units outstanding:
Basic	172,044													173,728
Diluted	172,729													174,453

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

LINN ENERGY, LLC

NOTES TO THE UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS

Note 1 – Basis of Presentation

The unaudited pro forma condensed combined balance sheet as of June 30, 2012, 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 acquired and liabilities assumed from BP America Production Company (“BP” and the properties, the “BP Green River Properties”).

The unaudited pro forma condensed combined statement of operations for the six months ended June 30, 2012, is derived from:


•	the historical consolidated financial statements of LINN Energy; and


•	the historical statements of revenues and direct operating expenses of certain oil and natural gas properties acquired from BP (BP Green River Properties and “BP Hugoton Properties”).

The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2011, is 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 acquired from BP;


•	the historical statements of revenues and direct operating expenses of certain oil and natural gas properties acquired from Plains Exploration & Production Company (“Plains” and 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 Concho Resources Inc. (“Concho” and the properties, the “Concho Properties” and together with the Plains Properties, Panther Properties and the SandRidge Properties, the “2011 Acquisitions Properties”).

The unaudited pro forma condensed combined balance sheet gives effect to the acquisition of the BP Green River Properties as if the transaction had occurred on June 30, 2012. The unaudited pro forma condensed combined statements of operations give effect to the acquisitions from BP as if they had been completed as of January 1, 2011, and the acquisitions from Plains, Panther, SandRidge and Concho as if they had been completed as of 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 financial statements.

LINN ENERGY, LLC

NOTES TO THE UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

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, 2011, 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, 2011. The pro forma statements should also be read in conjunction with the historical statements of revenues and direct operating expenses for the BP Green River Properties and BP Hugoton Properties and the notes thereto filed as Exhibit 99.1 to the Current Report on Form 8-K/A filed September 17, 2012, and Exhibit 99.1 to the current report on Form 8-K/A filed April 30, 2012, respectively, and the statements of revenues and direct operating expenses for the 2011 Acquisitions Properties and the notes thereto filed as exhibit 99.1 to the Current Report on Form 8-K filed December 12, 2011, and as exhibits 99.1, 99.2 and 99.3 to the Current Report on Form 8-K filed August 2, 2011.

Note 2 – Acquisition Dates

The results of operations of the BP Green River Properties, BP Hugoton Properties and the 2011 Acquisitions Properties have been included in the historical financial statements of the Company since their acquisition dates.

The acquisition of BP Green River Properties was completed on July 31, 2012, with an effective date of April 1, 2012, for total consideration of approximately $990 million.

The acquisition of BP Hugoton Properties was completed on March 30, 2012, with an effective date of January 1, 2012, for total consideration of approximately $1.17 billion.

The acquisition of Plains Properties was completed on December 15, 2011, with an effective date of November 1, 2011, for total consideration of approximately $555 million.

The acquisition of Panther Properties was completed on June 1, 2011, with an effective date of January 1, 2011, for total consideration of approximately $223 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 acquisition of the BP Green River Properties is not complete 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.

LINN ENERGY, LLC

NOTES TO THE UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

The following presents the values assigned to the net assets for BP Green River Properties acquired from BP as of the acquisition date (in thousands):



Assets:
Current	$	1,726
Oil and natural gas properties	1,033,012
Total assets acquired	$	1,034,738

Liabilities:
Current	$	15,147
Asset retirement obligations	29,800
Total liabilities assumed	$	44,947
Net assets acquired	$	989,791

Current assets include receivables. Current liabilities include payables, ad valorem taxes payable and environmental liabilities.

The fair value measurements of assets acquired and liabilities assumed are based on inputs that are not observable in the market and therefore represent Level 3 inputs. 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. These inputs require significant judgments and estimates by the Company’s management at the time of the valuation and are the most sensitive and subject to change.

Note 4 – Pro Forma Adjustments

The Company’s historical results of operations include the results of properties acquired since the acquisition dates. The pro forma statements of operations include adjustments to reflect the acquisitions from BP as if they had been completed as of January 1, 2011, and the acquisitions from Plains, Panther, SandRidge and Concho as if they had been completed as of January 1, 2010. The unaudited pro forma condensed combined financial statements have been adjusted to:


(a)	reflect the total consideration paid by LINN Energy for the purchase of the BP Green River Properties and adjustments to historical book values of the BP Green River Properties to their estimated fair values in accordance with the acquisition method of accounting


(b)	reflect the deposit of approximately $308 million paid in June 2012, which is reported in “other noncurrent assets” on the Company’s historical balance sheet at June 30, 2012


(c)	reflect the incremental debt of approximately $682 million incurred to fund the purchase price of the BP Green River Properties, which excludes the deposit of approximately $308 million borrowed in June 2012 and reported in “credit facility” on the Company’s historical balance sheet at June 30, 2012


(d)	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 June 30, 2012, and for the year ended December 31, 2011, $37 million and $73 million, respectively, related to the BP Green River Properties


•	for the period from January 1 through March 30, 2012, and for the year ended December 31, 2011, $16 million and $65 million, respectively, related to the BP Hugoton Properties

LINN ENERGY, LLC

NOTES TO THE UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued


•	for the period from January 1 through December 15, 2011, $23 million related to the Plains Properties


•	for the period from January 1 through June 1, 2011, $7 million related to the Panther Properties


•	for the period from January 1 through April 1, 2011, $2 million related to the SandRidge Properties


•	for the period from January 1 through March 31, 2011, $3 million related to the Concho Properties


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


•	for the period from January 1 through June 30, 2012, and for the year ended December 31, 2011, $1 million and $2 million, respectively, related to the BP Green River Properties


•	for the period from January 1 through March 30, 2012, and for the year ended December 31, 2011, $342,000 and $1 million, respectively, related to the BP Hugoton Properties


•	for the period from January 1 through December 15, 2011, $520,000 related to the Plains Properties


•	for the period from January 1 through June 1, 2011, $26,000 related to the Panther Properties


•	for the period from January 1 through April 1, 2011, $128,000 related to the SandRidge Properties


•	for the period from January 1 through March 31, 2011, $3,000 related to the Concho Properties


(f)	record interest expense as follows:


•	incremental debt of approximately $990 million incurred to fund the purchase price of the BP Green River Properties; the assumed interest rate was 2.2%


•	incremental debt of approximately $1.17 billion incurred to fund the purchase price of the BP Hugoton Properties; the assumed interest rate was 6.25%


•	incremental debt of approximately $544 million incurred to fund the purchase price of the Plains Properties; the assumed interest rate was 2.9%


•	incremental debt of approximately $223 million incurred to fund the purchase price of the Panther Properties; the assumed interest rate was 6.5%

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



	Six Months Ended June 30, 2012		Year Ended December 31, 2011
	(in thousands)

BP Green River Properties	$	625	$	1,251
BP Hugoton Properties	369		1,475
Plains Properties	—		688
Panther Properties	—		141
	$	994	$	3,555


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


(h)	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.

LINN ENERGY, LLC

NOTES TO THE UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

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, 2011, giving effect to the Properties acquired from BP as if they had occurred on January 1, 2011. 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, 2011
	LINN Energy Historical		BP Green River Historical		BP Hugoton Historical		LINN Energy Pro Forma
	Natural Gas (Bcf)
Proved developed and undeveloped reserves:
Beginning of year	1,233		679		472		2,384
Revisions of previous estimates	(71	)	4		7		(60	)
Purchase of minerals in place	337		—		—		337
Extension and discoveries	240		—		—		240
Production	(64	)	(55	)	(29	)	(148	)
End of year	1,675		628		450		2,753
Proved developed reserves:
Beginning of year	805		402		472		1,679
End of year	998		350		450		1,798
Proved undeveloped reserves:
Beginning of year	428		277		—		705
End of year	677		278		—		955



	Year Ended December 31, 2011
	LINN Energy Historical		BP Green River Historical		BP Hugoton Historical		LINN Energy Pro Forma
	Oil and NGL (MMBbls)
Proved developed and undeveloped reserves:
Beginning of year	227.3		41.0		46.7		315.0
Revisions of previous estimates	(8.3	)	0.2		0.8		(7.3	)
Purchase of minerals in place	40.3		—		—		40.3
Extension and discoveries	34.9		—		—		34.9
Production	(11.7	)	(2.3	)	(3.1	)	(17.1	)
End of year	282.5		38.9		44.4		365.8
Proved developed reserves:
Beginning of year	142.9		22.9		46.7		212.5
End of year	172.6		20.7		44.4		237.7
Proved undeveloped reserves:
Beginning of year	84.4		18.1		—		102.5
End of year	109.9		18.2		—		128.1

LINN ENERGY, LLC

NOTES TO THE UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued



	Year Ended December 31, 2011
	LINN Energy Historical		BP Green River Historical		BP Hugoton Historical		LINN Energy Pro Forma
	Total (Bcfe)
Proved developed and undeveloped reserves:
Beginning of year	2,597		925		752		4,274
Revisions of previous estimates	(121	)	6		13		(102	)
Purchase of minerals in place	579		—		—		579
Extension and discoveries	450		—		—		450
Production	(135	)	(69	)	(48	)	(252	)
End of year	3,370		862		717		4,949
Proved developed reserves:
Beginning of year	1,662		540		752		2,954
End of year	2,034		475		717		3,226
Proved undeveloped reserves:
Beginning of year	935		385		—		1,320
End of year	1,336		387		—		1,723

Summarized in the following table is information for the standardized measure of discounted cash flows relating to proved reserves as of December 31, 2011, giving effect to the BP Green River Properties and BP Hugoton 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; 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, 2011, as well as to the historical statements of revenues and direct operating expenses of the BP Green River Properties included in the Current Report on Form 8-K/A filed September 17, 2012, and the BP Hugoton Properties included in the Current Report on Form 8-K/A filed April 30, 2012.



	December 31, 2011
	LINN Energy Historical			BP Green River Historical			BP Hugoton Historical			LINN Energy Pro Forma
	(in thousands)

Future estimated revenues	$	29,319,369		$	4,190,099		$	3,892,894		$	37,402,362
Future estimated production costs	(9,464,319		)	(1,704,182		)	(1,740,911		)	(12,909,412		)
Future estimated development costs	(2,848,497		)	(564,964		)	(34,753		)	(3,448,214		)
Future net cash flows	17,006,553			1,920,953			2,117,230			21,044,736
10% annual discount for estimated timing of cash flows	(10,391,693		)	(938,572		)	(1,138,761		)	(12,469,026		)
Standardized measure of discounted future net cash flows	$	6,614,860		$	982,381		$	978,469		$	8,575,710

Representative NYMEX prices: ⁽¹⁾
Natural gas (MMBtu)	$	4.12
Oil (Bbl)	$	95.84


⁽¹⁾	In accordance with SEC regulations, reserves at December 31, 2011, 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

LINN ENERGY, LLC

NOTES TO THE UNAUDITED PRO FORMA CONDENSED

COMBINED FINANCIAL STATEMENTS - Continued

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, 2011
	LINN Energy Historical			BP Green River Historical			BP Hugoton Historical			LINN Energy Pro Forma
	(in thousands)

Sales and transfers of oil, natural gas and NGL produced during the period	$	(822,602	)	$	(203,836	)	$	(149,075	)	$	(1,175,513	)
Changes in estimated future development costs	27,236			(26,362		)	(59		)	815
Net change in sales and transfer prices and production costs related to future production	784,308			194,908			94,698			1,073,914
Purchase of minerals in place	1,452,169			—			—			1,452,169
Extensions, discoveries, and improved recovery	552,704			—			—			552,704
Previously estimated development costs incurred during the period	306,827			—			—			306,827
Net change due to revisions in quantity estimates	(292,343		)	8,278			19,811			(264,254		)
Accretion of discount	422,353			102,918			106,219			631,490
Changes in production rates and other	(39,324		)	(122,707		)	(155,318		)	(317,349		)
	$	2,391,328		$	(46,801	)	$	(83,724	)	$	2,260,803

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 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/A - EX-99.1 - EXHIBIT 99-1 PRO FORMA FINANCIALS - September 19, 2012

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