Pressburg (ROAN) 8-K Linn Energy Reports Second-quarter 2018 Results

Exhibit 99.1

NEWS RELEASE

LINN ENERGY REPORTS SECOND-QUARTER 2018 RESULTS

HOUSTON, Aug. 8, 2018 (GLOBE NEWSWIRE) — LINN Energy, Inc. (OTCQB: LNGG) (“LINN” or the “Company”) announces financial and operating results for the second quarter 2018 and highlights the following:

• Executed strategic plan to separate into two public companies, LINN, which owns a 50% equity interest in Roan Resources, LLC (“Roan”), and Riviera Resources, Inc. (“Riviera”), on August 7, 2018

• Strong balance sheet with no debt and a second quarter ending cash balance of approximately $301 million Returned more than $660 million of capital to LINN shareholders through share repurchases

• Blue Mountain Midstream LLC (“Blue Mountain”) successfully started up the Chisholm Trail III cryogenic gas plant located in the core of the prolific Merge/SCOOP/STACK plays

• Riviera management team to host conference call Thursday, August 23, 2018 at 10 a.m. (Central)

“It is remarkable what our Company and Board has accomplished since our reorganization. We successfully completed our merger with Citizen Energy to create the largest and only pure play growth company in the prolific Merge/SCOOP/STACK basin. Blue Mountain, a wholly owned subsidiary of Riviera, recently commissioned a state of the art cryogenic natural gas processing facility with 250 mmcfe a day of designed processing capacity to service the rapidly expanding Merge/SCOOP/STACK basin. We sold almost $2 billion of assets, in over 20 separate transactions, at a significant premium to proved developedPV-10. This allowed us tremendous financial flexibility to pay off all our debt, return more than $660 million of capital to our shareholders and build a significant cash balance. Finally, we completed our strategic plan to separate into two public companies, LINN, which owns a 50% equity interest in Roan, and Riviera, allowing us to unlock the value of the two companies. I would like to thank our employees for their hard work in executing our vision and look forward to the bright futures of Roan and Riviera,” said David Rottino, LINN’s President and Chief Executive Officer and President and Chief Executive Officer of Riviera.

The condensed consolidated results herein include the Riviera business, because thespin-off of Riviera from LINN (the“Spin-Off”) occurred after the quarter ended. As such, our financial information after the impact of theSpin-Off may not be meaningful to investors. Please read the “Risk Factors” included in the Company’s Quarterly Report on Form10-Q for the second quarter 2018, which will be filed later today with the Securities and Exchange Commission.

Key Financial Results⁽¹⁾

	Second Quarter
$ in millions	2018		2017
Average daily production (MMcfe/d)		312		710
Oil, natural gas and NGL sales	$	87	$	243
Income from continuing operations	$	7	$	223
Loss from discontinued operations, net of income taxes	$	0	$	(3	)
Net income	$	7	$	220
Adjusted EBITDAX (anon-GAAP financial measure)(2)	$	11	$	112
LINN Adjusted EBITDAX for Roan (anon-GAAP financial measure)(3)	$	31		N/A
Net cash provided by operating activities	$	4	$	55
Oil and natural gas capital	$	7	$	71
Total capital	$	42	$	96

(1) All amounts reflect continuing operations with the exception of net income, for the second quarter of 2017 and 2018. The amounts do not, however, reflect the separation of Riviera from LINN, which occurred on August 7, 2018.

(2) Excludes Adjusted EBITDAX from discontinued operations of approximately $12 million for the three months ended June 30, 2017. Includes severance expense of $14 million for the three months ended June 30, 2018.

(3) Represents the Adjusted EBITDAX for LINN’s 50% equity interest in Roan for the period from April 1, 2018, to June 30, 2018. See Schedule 1 below for a reconciliation of Adjusted EBITDA

CompletedSpin-Off of Riviera Resources, Inc.

As previously disclosed, the Company completed theSpin-Off on August 7, 2018 after the market closed. TheSpin-Off was effected through a pro rata distribution of all of the outstanding shares of Riviera’s common stock to LINN stockholders of record as of 5:00 p.m. on August 3, 2018, the record date for theSpin-Off. On August 7, 2018, the distribution date for theSpin-Off, each LINN stockholder received one share of Riviera common stock for each share of LINN common stock held by such stockholder on the record date.

As of theSpin-Off, LINN stockholders owned one share each of:

• LINN (OTCQB: LNGG), which owns a 50% equity interest in Roan Resources LLC, which is focused on the accelerated development of the Merge/SCOOP/STACK play in Oklahoma;

• Riviera (OTCQX: RVRA), an independent oil and gas company with a strategic focus on efficiently operating its maturelow-decline assets, developing its growth-oriented assets, and returning capital to shareholders. Riviera’s assets consist of:

• LINN’s legacy properties located in the Hugoton Basin, East Texas, North Louisiana, Michigan/Illinois, the Uinta Basin andMid- Continent regions; and

• Blue Mountain Midstream LLC, a midstream company centered in the core of the Merge play in the Anadarko Basin.

Trading of LINN Shares and Riviera Shares

LINN shares continue to trade on the OTCQB Market under the ticker symbol “LNGG”. Riviera is now an independent reporting company that will trade on the OTCQX Market under the ticker symbol “RVRA”.

Strong Balance Sheet

From its successful divestiture program in 2017 and 2018, the Company has extinguished all outstanding debt. As of June 30, 2018, the Company had no borrowings outstanding under its $425 million revolving credit facility and had approximately $378 million available borrowing capacity inclusive of outstanding letters of credit. LINN has a second quarter ending cash balance of approximately $301 million. Prior to theSpin-Off transaction, all but $40 million of cash was transferred to Riviera. The remaining cash at LINN will be available for use by LINN to fund certain obligations of the Company arising after theSpin-Off and prior to any consolidation with Roan. LINN will transfer any such remaining cash to Riviera prior to any consolidation of LINN and Roan.

Share Repurchases

Since its financial reorganization, the Company has returned more than $640 million of capital to LINN shareholders through the share repurchase program, tender offer and the employee liquidity program. The Company also retired approximately $20 million ofClass A-2 units related to the Linn Energy HoldCo, LLC profits interest.

Second Quarter 2018 Activity

Production averaged 312 MMcfe/d for the second quarter 2018, exceeding the midpoint of guidance. The Company outperformed guidance despite a productionshut-in in the Hugoton field caused by a third party pipeline issue. The Company continued to participate in significantnon-operated drilling activity in the NW STACK.

Commissioned Chisholm III Cryogenic Gas Plant

Blue Mountain, a former subsidiary of the Company that became a subsidiary of Riviera in connection with theSpin-Off, completed a major processing capacity addition to its Chisholm Trail system at the end of the second quarter 2018 with the successful start up of the Chisholm Trail III cryogenic gas plant. Located in the core of the prolific Merge/SCOOP/STACK plays, the plant is a state of the art cryogenic processing facility with an initial design capacity of 150 million cubic feet per day (“MMcf/d”) and total designed processing capacity of 250 MMcf/d.

Roan Resources

Roan Resources was formed in the second quarter of 2017 and is focused on the accelerated development of approximately 154,000 net acres in the prolific Merge/SCOOP/STACK play of Oklahoma.

During the second quarter of 2018, Roan operated six to seven drilling rigs in the Merge and drilled 25 operated wells with lateral lengths ranging betweenone-to-two miles. Completion activity in the second quarter remained slower while awaiting thestart-up of Blue Mountain’s Chisolm Trail cryogenic plant. Therefore, net production averaged approximately 36,400 BOE/d, down slightly from first quarter. The cryogenic plant is now operating and current net average production is approximately 45,000 BOE/d. Roan’s exit-rate production for 2018 is projected to be between 58,000 and 64,000 net BOE/d.

Roan brought online several impressive wells during the quarter. The Dutch1H-33-28 (9,700’ lateral) and Dutch1H-4-9 (7,475’ lateral) had an average30-day IP rate of 1,918 BOE/d (67% liquids) and 1,360 BOE/d (66% liquids), respectively. The Spectacular Bid18-11-6 2H (4,915’ lateral) had an average30-day IP rate of 1,728 BOE/d (75% liquids) and the Barbour1-10-7 1H (4,960’ lateral) had an average30- day IP rate of 1,487 BOE/d (56% liquids). All four wells are in Canadian county targeting the Woodford or Mayes formation. Roan currently has 13 drilled but uncompleted (“DUC”) wells.

Additional information on Roan’s operations, activity, financials and guidance can be found in the Roan Investor Presentation that was posted to LINN’s website on July 30, 2018 and in the second quarter supplemental presentation located on LINN’s website.

Second Quarter Actuals versus Guidance

	Q2 Actuals			Q2 Guidance
Net Production (MMcfe/d)		312		295 – 325
Natural gas (MMcf/d)		238		230 – 255
Oil (Bbls/d)		1,800		1,650 – 1,750
NGL (Bbls/d)		10,518		9,250 – 10,000
Other revenues, net (in thousands)(1)	$	9,027		$10,000 - $12,000
Operating Costs (in thousands)	$	52,598		$48,000 – $54,000
Lease operating expenses	$	24,088		$24,000 – $27,000
Transportation expenses	$	21,213		$17,000 – $19,000
Taxes, other than income taxes	$	7,297		$7,000 – $8,000
General and administrative expenses(2)	$	20,044		$20,000 – $22,000
General and administrative severance expenses	$	14,163		$11,000 – $14,000
Targets(Mid-Point) (in thousands)
Adjusted EBITDAX(3)	$	11,135		$6,000
Interest expense(4)	$	—		$—
Oil and natural gas capital	$	7,167		$9,000
Total capital	$	42,026		$54,000
Weighted Average NYMEX Differentials
Natural gas (MMBtu)	($	0.32	)	($0.52) – ($0.43)
Oil (Bbl)	($	1.22	)	($2.90) – ($2.50)
NGL price as a % of NYMEX oil price		35	%	30% – 34%

(1) Includes other revenues and margin on marketing activities

(2) Excludes share-based compensation expenses and severance expenses

(3) Includes a reduction to EBITDAX for estimated severance expenses, costs associated with managing assets divested during 2018, associated divestment costs, required transition services under purchase and sale agreements and estimated separation costs

(4) Excludes non cash interest expense

Earnings Call / Form 10-Q

The Company will file its second quarter form10-Q with the Securities and Exchange Commission later today. The Company will not be hosting a conference call or webcast in connection with its second quarter 2018 results. Supplemental information can be found at the following link on our website:http://ir.linnenergy.com/presentations.cfm.

Riviera Resources Investor Conference Call

As previously announced, Riviera will host a conference call Thursday, August 23, 2018 at 10 a.m. (Central) to discuss additional strategic and financial information related to Riviera and its wholly owned subsidiary, Blue Mountain Midstream LLC. Investors and analysts are invited to participate in the call by dialing (844)625-4392, or (409)497-0988 for international calls using Conference ID: 2336839. Interested parties may also listen over the internet atwww.RivieraResourcesInc.com.

A replay of the call will be available on Riviera’s website or by phone until September 6, 2018. The number for the replay is (855)859-2056 or (404)537-3406 for international calls using Conference ID: 2336839. Presentation materials will be made available prior to the start of the call on Riviera’s websitewww.RivieraResourcesInc.com under the Investor Relations tab on the date of the events.

About LINN Energy

LINN Energy, Inc. was formed in February 2017 as the reorganized successor to LINN Energy, LLC. Headquartered in Houston, Texas, the Company’s current focus is the development of the Merge/SCOOP/STACK in Oklahoma through its equity interest in Roan Resources LLC.

About Roan Resources LLC

Roan is an independent oil and natural gas company headquartered in Oklahoma City, Oklahoma, focused on the development, exploration and acquisition of unconventional oil and natural gas reserves in the Merge, SCOOP and STACK plays in Oklahoma. Roan was formed in the second quarter of 2017 by LINN and Citizen Energy II, LLC (“Citizen”). In exchange for their contributions, LINN and Citizen each received a 50% equity interest in Roan. Roan’s operations team took over field operations from LINN and Citizen in early 2018. For more information, please visitwww.RoanResources.com.

About Riviera Resources

Riviera Resources is an independent oil and gas company with a strategic focus on efficiently operating its maturelow-decline assets, developing its growth-oriented assets, and returning capital to shareholders. Riviera’s assets consist of properties located in the Hugoton Basin, East Texas, North Louisiana, Michigan/Illinois, the Uinta Basin andMid-Continent regions; and Blue Mountain Midstream LLC, a wholly owned subsidiary centered in the core of the Merge play in the Anadarko Basin. More information about Riviera and Blue Mountain Midstream LLC, is available at Riviera’s website,www.RivieraResourcesInc.com.

Forward-Looking Statements

Statements made in this press release that are not historical facts are “forward-looking statements.” These statements are based on certain assumptions and expectations made by the Company which reflect management’s experience, estimates and perception of historical trends, current conditions, and anticipated future developments. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or anticipated in the forward-looking statements. These include risks relating to financial and operational performance and results of the Company and Roan Resources LLC, uncertainties relating to the Company’s and Riviera’s ability to realize the anticipated benefits of theSpin-Off, the potential negative effects of theSpin-Off, continued low or further declining commodity prices and demand for oil, natural gas and natural gas liquids, ability to hedge future production, ability to replace reserves and efficiently develop current reserves, the capacity and utilization of midstream facilities and the regulatory environment. These and other important factors could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Please read “Risk Factors” in the Company’s Annual Report on Form10-K, Quarterly Reports on Form10-Q and other public filings. We undertake no obligation to publicly update any forward- looking statements, whether as a result of new information or future events.

CONTACTS: LINN Energy, Inc.

Investor Relations

(281)840-4110

ir@linnenergy.com

Condensed Consolidated Balance Sheets (Unaudited)

	June 30, 2018			December 31, 2017
	(in thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	301,365		$	464,508
Accounts receivable – trade, net		64,686			140,485
Derivative instruments		3,934			9,629
Restricted cash		43,387			56,445
Other current assets		46,659			79,771
Assets held for sale		22			106,963
Total current assets		460,053			857,801
Noncurrent assets:
Oil and natural gas properties (successful efforts method)		785,815			950,083
Less accumulated depletion and amortization		(59,870	)		(49,619	)
		725,945			900,464
Other property and equipment		566,861			480,729
Less accumulated depreciation		(44,412	)		(28,658	)
		522,449			452,071
Derivative instruments		1,254			469
Deferred income taxes		169,691			198,417
Equity method investments		473,269			464,926
Other noncurrent assets		5,264			6,975
		649,478			670,787
Total noncurrent assets		1,897,872			2,023,322
Total assets	$	2,357,925		$	2,881,123
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	179,887		$	253,975
Stock-based payment liability		111,792			—
Derivative instruments		5,536			10,103
Other accrued liabilities		19,830			58,617
Liabilities held for sale		—			43,302
Total current liabilities		317,045			365,997
Noncurrent liabilities:
Derivative instruments		24			2,849
Asset retirement obligations and other noncurrent liabilities		105,531			160,720
Total noncurrent liabilities		105,555			163,569
Equity:
Class A common stock		79			84
Additionalpaid-in capital		1,427,458			1,899,642
Retained earnings		507,788			432,860
Total common stockholders’ equity		1,935,325			2,332,586
Noncontrolling interests		—			18,971
Total equity		1,935,325			2,351,557
Total liabilities and equity	$	2,357,925		$	2,881,123

Condensed Consolidated Statements of Operations (Unaudited)

	Successor
	Three Months Ended June 30,
	2018			2017
	(in thousands, except per share amounts)
Revenues and other:
Oil, natural gas and natural gas liquids sales	$	87,004		$	243,167
Gains (losses) on oil and natural gas derivatives		(7,525	)		45,714
Marketing revenues		42,967			12,547
Other revenues		6,387			6,391
		128,833			307,819
Expenses:
Lease operating expenses		24,088			71,057
Transportation expenses		21,213			37,388
Marketing expenses		40,327			6,976
General and administrative expenses		92,395			34,458
Exploration costs		53			811
Depreciation, depletion and amortization		21,980			51,987
Taxes, other than income taxes		7,297			17,871
Gains on sale of assets and other, net		(101,777	)		(306,878	)
		105,576			(86,330	)
Other income and (expenses):
Interest expense, net of amounts capitalized		(584	)		(7,551	)
Earnings (losses) from equity method investments		(9,327	)		91
Other, net		538			(1,163	)
		(9,373	)		(8,623	)
Reorganization items, net		(1,259	)		(3,377	)
Income from continuing operations before income taxes		12,625			382,149
Income tax expense		5,722			158,770
Income from continuing operations		6,903			223,379
Loss from discontinued operations, net of income taxes		—			(3,322	)
Net income		6,903			220,057
Net income attributable to noncontrolling interests		1,799			—
Net income attributable to common stockholders	$	5,104		$	220,057
Income (loss) per share/unit attributable to common stockholders:
Income from continuing operations per share – Basic	$	0.06		$	2.49
Income from continuing operations per share – Diluted	$	0.06		$	2.47
Loss from discontinued operations per share – Basic	$	—		$	(0.04	)
Loss from discontinued operations per share – Diluted	$	—		$	(0.04	)
Net income per share – Basic	$	0.06		$	2.45
Net income per share – Diluted	$	0.06		$	2.43
Weighted average shares outstanding – Basic		78,718			89,849
Weighted average shares outstanding – Diluted		79,277			90,484

Condensed Consolidated Statements of Operations (Unaudited)

	Successor						Predecessor
	Six Months Ended June 30, 2018			Four Months Ended June 30, 2017			Two Months Ended February 28, 2017
(in thousands, except per share and per unit amounts)
Revenues and other:
Oil, natural gas and natural gas liquids sales	$	223,880		$	323,492		$	188,885
Gains (losses) on oil and natural gas derivatives		(22,555	)		33,755			92,691
Marketing revenues		89,234			15,461			6,636
Other revenues		12,281			8,419			9,915
		302,840			381,127			298,127
Expenses:
Lease operating expenses		71,972			95,687			49,665
Transportation expenses		40,307			51,111			25,972
Marketing expenses		82,082			9,515			4,820
General and administrative expenses		137,174			44,869			71,745
Exploration costs		1,255			866			93
Depreciation, depletion and amortization		50,445			71,901			47,155
Taxes, other than income taxes		15,749			24,948			14,877
(Gains) losses on sale of assets and other, net		(207,852	)		(306,394	)		829
		191,132			(7,497	)		215,156
Other income and (expenses):
Interest expense, net of amounts capitalized		(988	)		(11,751	)		(16,725	)
Earnings from equity method investments		16,018			130			157
Other, net		369			(1,551	)		(149	)
		15,399			(13,172	)		(16,717	)
Reorganization items, net		(3,210	)		(5,942	)		2,331,189
Income from continuing operations before income taxes		123,897			369,510			2,397,443
Income tax expense (benefit)		45,896			153,455			(166	)
Income from continuing operations		78,001			216,055			2,397,609
Loss from discontinued operations, net of income taxes		—			(3,254	)		(548	)
Net income		78,001			212,801			2,397,061
Net income attributable to noncontrolling interests		3,073			—			—
Net income attributable to common stockholders/unitholders	$	74,928		$	212,801		$	2,397,061
Income (loss) per share/unit attributable to common stockholders/unitholders:
Income from continuing operations per share/unit – Basic	$	0.95		$	2.41		$	6.80
Income from continuing operations per share/unit – Diluted	$	0.93		$	2.40		$	6.80
Loss from discontinued operations per share/unit – Basic	$	—		$	(0.04	)	$	(0.01	)
Loss from discontinued operations per share/unit – Diluted	$	—		$	(0.04	)	$	(0.01	)
Net income per share/unit – Basic	$	0.95		$	2.37		$	6.79
Net income per share/unit – Diluted	$	0.93		$	2.36		$	6.79
Weighted average shares/units outstanding – Basic		78,817			89,849			352,792
Weighted average shares/units outstanding – Diluted		79,764			90,065			352,792

Condensed Consolidated Statements of Cash Flows (Unaudited)

	Successor						Predecessor
	Six Months			Four Months			Two Months
	Ended			Ended			Ended
	June 30, 2018			June 30, 2017			February 28, 2017
(in thousands)
Cash flow from operating activities:
Net income	$	78,001		$	212,801		$	2,397,061
Adjustments to reconcile net income to net cash provided by operating activities:
Loss from discontinued operations		—			3,254			548
Depreciation, depletion and amortization		50,445			71,901			47,155
Deferred income taxes		46,031			131,055			(166	)
(Gains) losses on derivatives		22,555			(33,755	)		(92,691	)
Cash settlements on derivatives		(25,037	)		7,929			(11,572	)
Share-based compensation expenses		66,374			19,599			50,255
Amortization andwrite-off of deferred financing fees		824			82			1,338
(Gains) losses on sale of assets and other, net		(224,091	)		(293,800	)		1,069
Reorganization items, net		—			—			(2,359,364	)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable – trade, net		76,465			27,212			(7,216	)
(Increase) decrease in other assets		35,828			(9,146	)		528
Increase (decrease) in accounts payable and accrued expenses		(52,538	)		(89,755	)		20,949
Increase (decrease) in other liabilities		(22,955	)		22,421			2,801
Net cash provided by operating activities – continuing operations		51,902			69,798			50,695
Net cash provided by operating activities – discontinued operations		—			13,966			8,781
Net cash provided by operating activities		51,902			83,764			59,476
Cash flow from investing activities:
Development of oil and natural gas properties		(45,938	)		(61,534	)		(50,597	)
Purchases of other property and equipment		(87,377	)		(27,287	)		(7,409	)
Proceeds from sale of properties and equipment and other		369,489			697,829			(166	)
Net cash provided by (used in) investing activities – continuing operations		236,174			609,008			(58,172	)
Net cash used in investing activities – discontinued operations		—			(1,645	)		(584	)
Net cash provided by (used in) investing activities		236,174			607,363			(58,756	)
Cash flow from financing activities:
Proceeds from rights offerings, net		—			—			514,069
Repurchases of shares		(393,647	)		—			—
Proceeds from borrowings		—			160,000			—
Repayments of debt		—			(876,570	)		(1,038,986	)
Payment to holders of claims under the Predecessor’s second lien notes		—			—			(30,000	)
Distributions to noncontrolling interests		(12,174	)		(2,973	)		—
Cash settlements of equity classified RSUs		(58,162	)		—			—
Other		(294	)		(87	)		(6,015	)
Net cash used in financing activities – continuing operations		(464,277	)		(719,630	)		(560,932	)
Net cash used in financing activities – discontinued operations		—			—			—
Net cash used in financing activities		(464,277	)		(719,630	)		(560,932	)
Net decrease in cash, cash equivalents and restricted cash		(176,201	)		(28,503	)		(560,212	)
Cash, cash equivalents and restricted cash:
Beginning		520,953			144,022			704,234
Ending	$	344,752		$	115,519		$	144,022

Schedule 1 - Adjusted EBITDAX(Non-GAAP Measure)

Thenon-GAAP financial measure of adjusted EBITDAX, as defined by the Company, may not be comparable to similarly titled measures used by other companies. Therefore, thisnon-GAAP measure should be considered in conjunction with net income (loss) and other performance measures prepared in accordance with GAAP. Adjusted EBITDAX should not be considered in isolation or as a substitute for GAAP.

Adjusted EBITDAX is a measure used by Company management to evaluate the Company’s operational performance and for comparisons to the Company’s industry peers. Management also believes this information may be useful to investors and analysts to gain a better understanding of the Company’s financial results.

The following presents a reconciliation of net income (loss) to adjusted EBITDAX:

	Three Months Ended June 30,
	2018			2017
	(in thousands)
Net income	$	6,903		$	220,057
Plus (less):
Income from discontinued operations		—			3,322
Interest expense		584			7,551
Income tax expense		5,722			158,770
Depreciation, depletion and amortization		21,980			51,987
Exploration costs		53			811
EBITDAX		35,242			442,498
Plus (less):
Noncash (gains) losses on oil and natural gas derivatives		6,955			(43,567	)
Accrued settlements on oil derivative contracts related to current production period(2)		935			1,583
Share-based compensation expenses		58,188			15,422
(Earnings) losses from equity method investments		9,327			(91	)
Gains on sale of assets and other, net(3)		(100,771	)		(307,290	)
Reorganization items, net(4)		1,259			3,377
Adjusted EBITDAX	$	11,135		$	111,932
	Six Months Ended June 30,
	2018			2017(1)
	(in thousands)
Net income	$	78,001		$	2,609,862
Plus (less):
Income from discontinued operations		—			3,802
Interest expense		988			28,476
Income tax expense		45,896			153,289
Depreciation, depletion and amortization		50,445			119,056
Exploration costs		1,255			959
EBITDAX		176,585			2,915,444
Plus (less):
Noncash (gains) losses on oil and natural gas derivatives		17,491			(130,089	)
Accrued settlements on oil derivative contracts related to current production period(2)		1,568			2,885
Share-based compensation expenses		75,225			69,854
Earnings from equity method investments		(16,018	)		(287	)
Gains on sale of assets and other, net(3)		(206,882	)		(307,120	)
Reorganization items, net(4)		3,210			(2,325,247	)
Adjusted EBITDAX	$	51,179		$	225,440

(1) All amounts reflect the combined results of the four months ended June 30, 2017 (successor) and the two months ended February 28, 2017 (predecessor).

(2) Represent amounts related to oil derivative contracts that settled during the respective period (contract terms had expired) but cash had not been received as of the end of the period.

(3) Primarily represent gains or losses on the sale of assets and gains or losses on inventory valuation.

(4) Represent costs and income directly associated with the Company’s filing for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code since the petition date, and also include adjustments to reflect the carrying value of certain liabilities subject to compromise at their estimated allowed claim amounts, as such adjustments are determined.

Roan Resources LLC Adjusted EBITDAX (LINN’s 50% Equity Interest)

	Three Months ended
	June 30, 2018
	(in thousands)
Net loss	$	(11,378	)
Plus (less):
Interest expense		544
Depreciation, depletion and amortization		12,300
Exploration costs		5,317
EBITDAX		6,783
Noncash losses on oil and natural gas derivatives		22,415
Share-based compensation expenses		1,417
Adjusted EBITDAX	$	30,615
	Six Months ended
	June 30, 2018
	(in thousands)
Net income	$	6,162
Plus (less):
Interest expense		1,443
Depreciation, depletion and amortization		23,233
Exploration costs		9,242
EBITDAX		40,080
Noncash losses on oil and natural gas derivatives		24,964
Share-based compensation expenses		2,564
Adjusted EBITDAX	$	67,608