Pressburg (ROAN) 10-Q 3 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Entity Registrant Name	Linn Energy, Inc.
Entity Central Index Key	1,326,428
Current Fiscal Year End	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		88,511,309
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Successor
Current assets:
Cash and cash equivalents		$ 16,903
Accounts receivable – trade, net		163,935
Derivative instruments		23,959
Restricted cash		98,616
Other current assets		71,836
Assets held for sale		236,421
Current assets of discontinued operations		235,643
Total current assets		847,313
Noncurrent assets:
Oil and natural gas properties (successful efforts method)		1,444,110
Less accumulated depletion and amortization		(37,572)
Oil and natural gas properties, successful efforts method, net		1,406,538
Other property and equipment		441,483
Less accumulated depreciation		(12,739)
Other property and equipment, net		428,744
Derivative instruments		12,759
Deferred income taxes		492,182
Other noncurrent assets		13,980
Noncurrent assets of discontinued operations		0
Noncurrent assets, excluding property, total		518,921
Total noncurrent assets		2,354,203
Total assets		3,201,516
Current liabilities:
Accounts payable and accrued expenses		268,605
Derivative instruments		486
Current portion of long-term debt, net	[1]	0
Other accrued liabilities		135,416
Liabilities held for sale		36,387
Current liabilities of discontinued operations		28,218
Total current liabilities		469,112
Derivative instruments		0
Long-term debt		183,430
Other noncurrent liabilities		264,025
Noncurrent liabilities of discontinued operations		0
Liabilities subject to compromise		0
Commitments and contingencies (Note 10)
Temporary equity:
Redeemable noncontrolling interests		28,132
Stockholders’/unitholders’ equity (deficit):
Successor preferred stock ($0.001 par value, 30,000,000 shares authorized and no shares issued at June 30, 2017; no shares authorized or issued at December 31, 2016)		0
Successor Class A common stock ($0.001 par value, 270,000,000 shares authorized and 89,241,558 shares issued at June 30, 2017; no shares authorized or issued at December 31, 2016)		89
Successor additional paid-in capital		2,043,927
Successor retained earnings		212,801
Total stockholders’/unitholders’ equity (deficit)		2,256,817
Total liabilities and equity (deficit)		$ 3,201,516
Predecessor
Current assets:
Cash and cash equivalents			$ 694,857
Accounts receivable – trade, net			198,064
Derivative instruments			0
Restricted cash			1,602
Other current assets			105,310
Assets held for sale			0
Current assets of discontinued operations			701
Total current assets			1,000,534
Noncurrent assets:
Oil and natural gas properties (successful efforts method)			12,349,117
Less accumulated depletion and amortization			(9,843,908)
Oil and natural gas properties, successful efforts method, net			2,505,209
Other property and equipment			618,262
Less accumulated depreciation			(217,724)
Other property and equipment, net			400,538
Derivative instruments			0
Deferred income taxes			0
Other noncurrent assets			13,984
Noncurrent assets of discontinued operations			740,326
Noncurrent assets, excluding property, total			754,310
Total noncurrent assets			3,660,057
Total assets			4,660,591
Current liabilities:
Accounts payable and accrued expenses			295,081
Derivative instruments			82,508
Current portion of long-term debt, net	[1]		1,937,729
Other accrued liabilities			25,979
Liabilities held for sale			0
Current liabilities of discontinued operations			321
Total current liabilities			2,341,618
Derivative instruments			11,349
Long-term debt			0
Other noncurrent liabilities			360,405
Noncurrent liabilities of discontinued operations			39,202
Liabilities subject to compromise			4,305,005
Commitments and contingencies (Note 10)
Temporary equity:
Redeemable noncontrolling interests			0
Stockholders’/unitholders’ equity (deficit):
Predecessor units issued and outstanding (no units issued or outstanding at June 30, 2017; 352,792,474 units issued and outstanding at December 31, 2016)			5,386,885
Predecessor accumulated deficit			(7,783,873)
Total stockholders’/unitholders’ equity (deficit)			(2,396,988)
Total liabilities and equity (deficit)			$ 4,660,591
[1]	Due to covenant violations, the Predecessor’s credit facility and term loan were classified as current at December 31, 2016.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Unitholders’ capital: Units issued	0	352,792,474
Unitholders’ capital: Units outstanding	0	352,792,474
Common stock par value	$ 0.001
Common stock authorized	270,000,000	0
Common stock issued	89,241,558	0
Preferred stock par value	$ 0.001
Preferred stock authorized	30,000,000	0
Preferred stock issued	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Successor
Revenues and other:
Oil, natural gas and natural gas liquids sales		$ 243,167		$ 323,492
Gains (losses) on oil and natural gas derivatives		45,714		33,755
Marketing revenues		12,547		15,461
Other revenues		6,391		8,419
Total revenues		307,819		381,127
Expenses:
Lease operating expenses		71,057		95,687
Transportation expenses		37,388		51,111
Marketing expenses		6,976		9,515
General and administrative expenses		34,458		44,869
Exploration costs		811		866
Depreciation, depletion and amortization		51,987		71,901
Impairment of long-lived assets				0
Taxes, other than income taxes		17,871		24,948
(Gains) losses on sale of assets and other, net		(306,969)		(306,524)
Total expenses		(86,421)		(7,627)
Other income and (expenses):
Interest expense, net of amounts capitalized		(7,551)		(11,751)
Other, net		(1,163)		(1,551)
Total other income and (expenses)		(8,714)		(13,302)
Reorganization items, net		(3,377)		(5,942)
Income (loss) from continuing operations before income taxes		382,149		369,510
Income tax expense (benefit)		158,770		153,455
Income (loss) from continuing operations		223,379		216,055
Income (loss) from discontinued operations, net of income taxes		(3,322)		(3,254)
Net income (loss)		$ 220,057		$ 212,801
Income (loss) from continuing operations per share/unit – Basic		$ 2.49		$ 2.41
Income (loss) from continuing operations per share/unit – Diluted		2.47		2.40
Income (loss) from discontinued operations per share/unit – Basic		(0.04)		(0.04)
Income (loss) from discontinued operations per share/unit – Diluted		(0.04)		(0.04)
Net income (loss) per share/unit – Basic		2.45		2.37
Net income (loss) per share/unit – Diluted		$ 2.43		$ 2.36
Weighted average shares/units outstanding – Basic		89,849		89,849
Weighted average shares/units outstanding – Diluted		90,484		90,065
Predecessor
Revenues and other:
Oil, natural gas and natural gas liquids sales	$ 188,885		$ 195,847		$ 380,288
Gains (losses) on oil and natural gas derivatives	92,691		(183,794)		(74,341)
Marketing revenues	6,636		8,551		17,612
Other revenues	9,915		23,641		51,947
Total revenues	298,127		44,245		375,506
Expenses:
Lease operating expenses	49,665		70,367		153,613
Transportation expenses	25,972		41,092		83,623
Marketing expenses	4,820		6,727		14,560
General and administrative expenses	71,745		52,169		135,889
Exploration costs	93		48		2,741
Depreciation, depletion and amortization	47,155		86,358		175,467
Impairment of long-lived assets	0		0		123,316
Taxes, other than income taxes	14,877		18,180		35,541
(Gains) losses on sale of assets and other, net	672		2,517		3,786
Total expenses	214,999		277,458		728,536
Other income and (expenses):
Interest expense, net of amounts capitalized	(16,725)		(50,320)		(134,193)
Other, net	(149)		(1,226)		(1,158)
Total other income and (expenses)	(16,874)		(51,546)		(135,351)
Reorganization items, net	2,331,189		485,798		485,798
Income (loss) from continuing operations before income taxes	2,397,443		201,039		(2,583)
Income tax expense (benefit)	(166)		(3,652)		6,594
Income (loss) from continuing operations	2,397,609		204,691		(9,177)
Income (loss) from discontinued operations, net of income taxes	(548)		3,801		(1,130,077)
Net income (loss)	$ 2,397,061		$ 208,492		$ (1,139,254)
Income (loss) from continuing operations per share/unit – Basic	$ 6.80		$ 0.58		$ (0.02)
Income (loss) from continuing operations per share/unit – Diluted	6.80		0.58		(0.02)
Income (loss) from discontinued operations per share/unit – Basic	(0.01)		0.01		(3.21)
Income (loss) from discontinued operations per share/unit – Diluted	(0.01)		0.01		(3.21)
Net income (loss) per share/unit – Basic	6.79		0.59		(3.23)
Net income (loss) per share/unit – Diluted	$ 6.79		$ 0.59		$ (3.23)
Weighted average shares/units outstanding – Basic	352,792		352,789		352,511
Weighted average shares/units outstanding – Diluted	352,792		352,789		352,511

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF EQUITY (PREDECESSOR) (Unaudited) - 2 months ended Feb. 28, 2017 - USD ($) $ in Thousands	Total	Units	Unitholders’ Capital	Accumulated Deficit
Beginning of period, in units (predecessor) (Predecessor) at Dec. 31, 2016		352,792,000
Beginning of period, in units (predecessor) at Dec. 31, 2016	352,792,474
Beginning of period (predecessor) (Predecessor) at Dec. 31, 2016	$ (2,396,988)		$ 5,386,885	$ (7,783,873)
Net income | Predecessor	2,397,061		0	2,397,061
Other | Predecessor	$ (73)		(73)	0
Cancellation of predecessor equity | Predecessor	(352,792,000)
Cancellation of predecessor equity | Predecessor	$ 0		(5,386,812)	5,386,812
End of period, in units (successor) (Predecessor) at Feb. 28, 2017		0
End of period (successor) (Predecessor) at Feb. 28, 2017	$ 0		0	0
End of period, in units (predecessor) | Predecessor	352,792,000
End of period (predecessor) | Predecessor	$ 0		$ 5,386,812	$ (5,386,812)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF EQUITY (SUCCESSOR) (Unaudited) Statement - 4 months ended Jun. 30, 2017 - Successor - USD ($) $ in Thousands	Total	Amount	Additional Paid-in Capital	Accumulated Deficit	Total Stockholders’ Equity	Emergence date grants [Member]	Emergence date grants [Member]Amount	Emergence date grants [Member]Additional Paid-in Capital	Emergence date grants [Member]Accumulated Deficit	Emergence date grants [Member]Total Stockholders’ Equity
Issuances of successor Class A common stock	12,000					89,230,000
Issuances of successor Class A common stock		$ 0	$ 0	$ 0	$ 0		$ 89	$ 2,021,142	$ 0	$ 2,021,231
Share-based compensation expenses		0	9,454	0	9,454		0	13,750	0	13,750
Beginning of period (in shares) at Feb. 28, 2017	89,229,892
Beginning of period at Feb. 28, 2017		89	2,034,892	0	2,034,981
Net income	$ 212,801	0	0	212,801	212,801
Issuances of successor Class A common stock	12,000					89,230,000
Issuances of successor Class A common stock		0	0	0	0		89	2,021,142	0	2,021,231
Repurchases of successor Class A common stock	0
Repurchases of successor Class A common stock		0	(230)	0	(230)
Share-based compensation expenses		0	9,454	0	9,454		$ 0	$ 13,750	$ 0	$ 13,750
Other		0	(189)	0	(189)
End of period (in shares) at Jun. 30, 2017	89,242,000
End of period at Jun. 30, 2017	$ 2,256,817	$ 89	$ 2,043,927	$ 212,801	$ 2,256,817

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Impairment of long-lived assets					$ 0
Successor
Cash flow from operating activities:
Net income (loss)		$ 220,057		$ 212,801
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Loss from discontinued operations		3,322		3,254
Depreciation, depletion and amortization		51,987		71,901
Impairment of long-lived assets				0
Deferred income taxes				131,055
Noncash (gains) losses on oil and natural gas derivatives				(25,826)
Share-based compensation expenses				19,599
Amortization and write-off of deferred financing fees				82
(Gains) losses on sale of assets and other, net				(293,811)
Reorganization items, net				0
Changes in assets and liabilities:
(Increase) decrease in accounts receivable – trade, net				27,212
(Increase) decrease in other assets				(1,245)
Increase in restricted cash				0
Increase (decrease) in accounts payable and accrued expenses				(49,984)
Increase in other liabilities				22,421
Net cash provided by (used in) operating activities – continuing operations				117,459
Net cash provided by operating activities – discontinued operations				13,966
Net cash provided by (used in) operating activities				131,425
Cash flow from investing activities:
Development of oil and natural gas properties				(61,534)
Purchases of other property and equipment				(27,287)
Proceeds from sale of properties and equipment and other				641,219
Net cash provided by (used in) investing activities – continuing operations				552,398
Net cash provided by (used in) investing activities – discontinued operations				(1,645)
Net cash provided by (used in) investing activities				550,753
Cash flow from financing activities:
Proceeds from rights offerings, net				0
Proceeds from borrowings				160,000
Repayments of debt				(876,570)
Debt issuance costs paid				2,973
Payment to holders of claims under the second lien notes				0
Other				(87)
Net cash provided by (used in) financing activities – continuing operations				(719,630)
Net cash used in financing activities – discontinued operations				0
Net cash provided by (used in) financing activities				(719,630)
Net increase (decrease) in cash and cash equivalents				(37,452)
Cash and cash equivalents:
Beginning				54,355
Ending	$ 54,355	16,903		16,903	16,903
Less cash and cash equivalents of discontinued operations at end of period		0		0	0
Ending – continuing operations		$ 16,903		16,903	16,903
Predecessor
Cash flow from operating activities:
Net income (loss)	2,397,061		$ 208,492			$ (1,139,254)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Loss from discontinued operations	548		(3,801)			1,130,077
Depreciation, depletion and amortization	47,155		86,358			175,467
Impairment of long-lived assets	0		0			123,316
Deferred income taxes	(166)					3,850
Noncash (gains) losses on oil and natural gas derivatives	(104,263)					931,251
Share-based compensation expenses	50,255					18,553
Amortization and write-off of deferred financing fees	1,338					9,227
(Gains) losses on sale of assets and other, net	1,069					3,929
Reorganization items, net	(2,359,364)					(498,954)
Changes in assets and liabilities:
(Increase) decrease in accounts receivable – trade, net	(7,216)					(12,046)
(Increase) decrease in other assets	402					(19,039)
Increase in restricted cash	(80,164)					0
Increase (decrease) in accounts payable and accrued expenses	20,949					47,062
Increase in other liabilities	2,801					26,150
Net cash provided by (used in) operating activities – continuing operations	(29,595)					799,589
Net cash provided by operating activities – discontinued operations	8,781					1,612
Net cash provided by (used in) operating activities	(20,814)					801,201
Cash flow from investing activities:
Development of oil and natural gas properties	(50,597)					(80,909)
Purchases of other property and equipment	(7,409)					(13,655)
Proceeds from sale of properties and equipment and other	(166)					(2,713)
Net cash provided by (used in) investing activities – continuing operations	(58,172)					(97,277)
Net cash provided by (used in) investing activities – discontinued operations	(584)					26,166
Net cash provided by (used in) investing activities	(58,756)					(71,111)
Cash flow from financing activities:
Proceeds from rights offerings, net	514,069					0
Proceeds from borrowings	0					978,500
Repayments of debt	(1,038,986)					(913,210)
Debt issuance costs paid	0					623
Payment to holders of claims under the second lien notes	(30,000)					0
Other	(6,015)					(20,687)
Net cash provided by (used in) financing activities – continuing operations	(560,932)					43,980
Net cash used in financing activities – discontinued operations	0					(1,593)
Net cash provided by (used in) financing activities	(560,932)					42,387
Net increase (decrease) in cash and cash equivalents	(640,502)					772,477
Cash and cash equivalents:
Beginning	694,857			$ 54,355	$ 694,857	2,168
Ending	54,355		774,645			774,645
Less cash and cash equivalents of discontinued operations at end of period	0		(15,008)			(15,008)
Ending – continuing operations	$ 54,355		$ 759,637			$ 759,637

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation When referring to Linn Energy, Inc. (formerly known as Linn Energy, LLC) (“Successor,” “LINN Energy” or the “Company”), the intent is to refer to LINN Energy, a newly formed Delaware corporation, and its consolidated subsidiaries as a whole or on an individual basis, depending on the context in which the statements are made. Linn Energy, Inc. is a successor issuer of Linn Energy, LLC pursuant to Rule 15d‑5 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). When referring to the “Predecessor” in reference to the period prior to the emergence from bankruptcy, the intent is to refer to Linn Energy, LLC, the predecessor that will be dissolved following the effective date of the Plan (as defined below) and resolution of all outstanding claims, and its consolidated subsidiaries as a whole or on an individual basis, depending on the context in which the statements are made. The reference to “Berry” herein refers to Berry Petroleum Company, LLC, which was an indirect 100% wholly owned subsidiary of the Predecessor through February 28, 2017. Berry was deconsolidated effective December 3, 2016 (see Note 4). The reference to “LinnCo” herein refers to LinnCo, LLC, an affiliate of the Predecessor. Nature of Business LINN Energy is an independent oil and natural gas company that was formed in February 2017, in connection with the reorganization of the Predecessor. The Predecessor was publicly traded from January 2006 to February 2017. As discussed further in Note 2, on May 11, 2016 (the “Petition Date”), Linn Energy, LLC, certain of its direct and indirect subsidiaries, and LinnCo (collectively, the “LINN Debtors”) and Berry (collectively with the LINN Debtors, the “Debtors”), filed voluntary petitions (“Bankruptcy Petitions”) for relief under Chapter 11 of the U.S. Bankruptcy Code (“Bankruptcy Code”) in the U.S. Bankruptcy Court for the Southern District of Texas (“Bankruptcy Court”). The Debtors’ Chapter 11 cases were administered jointly under the caption In re Linn Energy, LLC, et al., Case No. 16-60040. During the pendency of the Chapter 11 proceedings, the Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code. The Company emerged from bankruptcy effective February 28, 2017. The Company’s properties are currently located in seven operating regions in the United States (“U.S.”), in the Rockies, the Hugoton Basin, the Mid-Continent, east Texas and north Louisiana (“TexLa”), the Permian Basin, Michigan/Illinois and south Texas. In July 2017, the Company divested all of its properties located in California. Principles of Consolidation and Reporting The information reported herein reflects all normal recurring adjustments that are, in the opinion of management, necessary for the fair presentation of the results for the interim periods. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted under Securities and Exchange Commission (“SEC”) rules and regulations; as such, this report should be read in conjunction with the financial statements and notes in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The results reported in these unaudited condensed consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire year. The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation. Investments in noncontrolled entities over which the Company exercises significant influence are accounted for under the equity method. Redeemable noncontrolling interests on the condensed consolidated balance sheet as of June 30, 2017, relate to the noncontrolling Class B unitholders of the Company’s subsidiary, Linn Energy Holdco LLC (“Holdco”). See Note 12 and Note 17 for additional information. The condensed consolidated financial statements for previous periods include certain reclassifications that were made to conform to current presentation. In addition, the Company has classified the assets and liabilities of its California properties, as well as the results of operations and cash flows of its California properties and Berry, as discontinued operations on its condensed consolidated financial statements. Such reclassifications have no impact on previously reported net income (loss), stockholders’/unitholders’ equity (deficit) or cash flows. See Note 4 for additional information. Bankruptcy Accounting The condensed consolidated financial statements have been prepared as if the Company will continue as a going concern and reflect the application of Accounting Standards Codification 852 “Reorganizations” (“ASC 852”). ASC 852 requires that the financial statements, for periods subsequent to the Chapter 11 filing, distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Accordingly, certain expenses, gains and losses that are realized or incurred in the bankruptcy proceedings are recorded in “reorganization items, net” on the Company’s condensed consolidated statements of operations. In addition, prepetition unsecured and under-secured obligations that may be impacted by the bankruptcy reorganization process have been classified as “liabilities subject to compromise” on the Company’s condensed consolidated balance sheet at December 31, 2016. These liabilities are reported at the amounts expected to be allowed as claims by the Bankruptcy Court, although they may be settled for less. Upon emergence from bankruptcy on February 28, 2017, the Company adopted fresh start accounting which resulted in the Company becoming a new entity for financial reporting purposes. As a result of the application of fresh start accounting and the effects of the implementation of the plan of reorganization, the condensed consolidated financial statements on or after February 28, 2017, are not comparable with the condensed consolidated financial statements prior to that date. See Note 3 for additional information. Use of Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management of the Company to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amount of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. The estimates that are particularly significant to the financial statements include estimates of the Company’s reserves of oil, natural gas and natural gas liquids (“NGL”), future cash flows from oil and natural gas properties, depreciation, depletion and amortization, asset retirement obligations, certain revenues and operating expenses, fair values of commodity derivatives and fair values of assets acquired and liabilities assumed. In addition, as part of fresh start accounting, the Company made estimates and assumptions related to its reorganization value, liabilities subject to compromise, the fair value of assets and liabilities recorded as a result of the adoption of fresh start accounting and income taxes. As fair value is a market-based measurement, it is determined based on the assumptions that market participants would use. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates. Any changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Recently Issued Accounting Standards In November 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) that is intended to address diversity in the classification and presentation of changes in restricted cash on the statement of cash flows. This ASU will be applied retrospectively as of the date of adoption and is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years (early adoption permitted). The Company is currently evaluating the impact of the adoption of this ASU on its financial statements and related disclosures. The adoption of this ASU is expected to result in the inclusion of restricted cash in the beginning and ending balances of cash on the statements of cash flows and disclosure reconciling cash and cash equivalents presented on the balance sheets to cash, cash equivalents and restricted cash on the statements of cash flows. In March 2016, the FASB issued an ASU that is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The Company adopted this ASU on January 1, 2017. The adoption of this ASU had no impact on the Company’s historical financial statements or related disclosures. Upon adoption and subsequently this ASU will result in excess tax benefits, which were previously recorded in equity on the balance sheets and classified as financing activities on the statements of cash flows, being recorded in the statements of operations and classified as operating activities on the statements of cash flows. Additionally, the Company elected to begin accounting for forfeitures as they occur. In February 2016, the FASB issued an ASU that is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet. This ASU will be applied retrospectively as of the date of adoption and is effective for fiscal years beginning after December 15, 2018, and interim periods within those years (early adoption permitted). The Company is currently evaluating the impact of the adoption of this ASU on its financial statements and related disclosures. The Company expects the adoption of this ASU to impact its balance sheets resulting from an increase in both assets and liabilities related to the Company’s leasing activities. In May 2014, the FASB issued an ASU that is intended to improve and converge the financial reporting requirements for revenue from contracts with customers. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within those years (early adoption permitted for fiscal years beginning after December 15, 2016, including interim periods within that year). The Company does not plan to early adopt this ASU. The Company is currently evaluating the impact of the adoption of this ASU on its financial statements and related disclosures. The Company expects to use the cumulative-effect transition method, has completed an initial review of its contracts and is developing accounting policies to address the provisions of the ASU, but has not finalized any estimates of the potential impacts.

Emergence From Voluntary Reorga

Emergence From Voluntary Reorganization Under Chapter 11	6 Months Ended
	Jun. 30, 2017
Emergence From Voluntary Reorganization Under Chapter 11 [Abstract]
Emergence From Voluntary Reorganization Under Chapter 11	Emergence From Voluntary Reorganization Under Chapter 11 On the Petition Date, the Debtors filed Bankruptcy Petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court. The Debtors’ Chapter 11 cases were administered jointly under the caption In re Linn Energy, LLC, et al., Case No. 16‑60040. On December 3, 2016, the LINN Debtors filed the Amended Joint Chapter 11 Plan of Reorganization of Linn Energy, LLC and Its Debtor Affiliates Other Than Linn Acquisition Company, LLC (“LAC”) and Berry Petroleum Company, LLC (the “Plan”). The LINN Debtors subsequently filed amended versions of the Plan with the Bankruptcy Court. On December 13, 2016, LAC and Berry filed the Amended Joint Chapter 11 Plan of Reorganization of Linn Acquisition Company, LLC and Berry Petroleum Company, LLC (the “Berry Plan” and together with the Plan, the “Plans”). LAC and Berry subsequently filed amended versions of the Berry Plan with the Bankruptcy Court. On January 27, 2017, the Bankruptcy Court entered an order approving and confirming the Plans (the “Confirmation Order”). On February 28, 2017 (the “Effective Date”), the Debtors satisfied the conditions to effectiveness of the respective Plans, the Plans became effective in accordance with their respective terms and LINN Energy and Berry emerged from bankruptcy as stand-alone, unaffiliated entities. Plan of Reorganization In accordance with the Plan, on the Effective Date: • The Predecessor transferred all of its assets, including equity interests in its subsidiaries, other than LAC and Berry, to Linn Energy Holdco II LLC (“Holdco II”), a newly formed subsidiary of the Predecessor and the borrower under the Credit Agreement (as amended, the “Successor Credit Facility”) entered into in connection with the reorganization, in exchange for 100% of the equity of Holdco II and the issuance of interests in the Successor Credit Facility to certain of the Predecessor’s creditors in partial satisfaction of their claims (the “Contribution”). Immediately following the Contribution, the Predecessor transferred 100% of the equity interests in Holdco II to the Successor in exchange for approximately $530 million in cash and an amount of equity securities in the Successor not to exceed 49.90% of the outstanding equity interests of the Successor, which the Predecessor distributed to certain of its creditors in satisfaction of their claims. Contemporaneously with the reorganization transactions and pursuant to the Plan, (i) LAC assigned all of its rights, title and interest in the membership interests of Berry to Berry Petroleum Corporation, (ii) all of the equity interests in LAC and the Predecessor were canceled and (iii) LAC and the Predecessor commenced liquidation, which is expected to be completed following the resolution of the respective companies’ outstanding claims. • The holders of claims under the Predecessor’s Sixth Amended and Restated Credit Agreement (“Predecessor Credit Facility”) received a full recovery, consisting of a cash paydown and their pro rata share of the $1.7 billion Successor Credit Facility. As a result, all outstanding obligations under the Predecessor Credit Facility were canceled. • Holdco II, as borrower, entered into the Successor Credit Facility with the holders of claims under the Predecessor Credit Facility, as lenders, and Wells Fargo Bank, National Association, as administrative agent, providing for a new reserve-based revolving loan with up to $1.4 billion in borrowing commitments and a new term loan in an original principal amount of $300 million . For additional information about the Successor Credit Facility, see Note 6. • The holders of the Company’s 12.00% senior secured second lien notes due December 2020 (the “Second Lien Notes”) received their pro rata share of (i) 17,678,889 shares of Class A common stock; (ii) certain rights to purchase shares of Class A common stock in the rights offerings, as described below; and (iii) $30 million in cash. The holders of the Company’s 6.50% senior notes due May 2019, 6.25% senior notes due November 2019, 8.625% senior notes due 2020, 7.75% senior notes due February 2021 and 6.50% senior notes due September 2021 (collectively, the “Unsecured Notes”) received their pro rata share of (i) 26,724,396 shares of Class A common stock; and (ii) certain rights to purchase shares of Class A common stock in the rights offerings, as described below. As a result, all outstanding obligations under the Second Lien Notes and the Unsecured Notes and the indentures governing such obligations were canceled. • The holders of general unsecured claims (other than claims relating to the Second Lien Notes and the Unsecured Notes) against the LINN Debtors (the “LINN Unsecured Claims”) received their pro rata share of cash from two cash distribution pools totaling $40 million , as divided between a $2.3 million cash distribution pool for the payment in full of allowed LINN Unsecured Claims in an amount equal to $2,500 or less (and larger claims for which the holders irrevocably agreed to reduce such claims to $2,500 ), and a $37.7 million cash distribution pool for pro rata distributions to all remaining allowed general LINN Unsecured Claims. As a result, all outstanding LINN Unsecured Claims were fully satisfied, settled, released and discharged as of the Effective Date. • All units of the Predecessor that were issued and outstanding immediately prior to the Effective Date were extinguished without recovery. On the Effective Date, the Successor issued in the aggregate 89,229,892 shares of Class A common stock. No cash was raised from the issuance of the Class A common stock on account of claims held by the Predecessor’s creditors. • The Successor entered into a registration rights agreement with certain parties, pursuant to which the Company agreed to, among other things, file a registration statement with the SEC within 60 days of the Effective Date covering the offer and resale of “Registrable Securities” (as defined therein). • By operation of the Plan and the Confirmation Order, the terms of the Predecessor’s board of directors expired as of the Effective Date. The Successor formed a new board of directors, consisting of the Chief Executive Officer of the Predecessor, one director selected by the Successor and five directors selected by a six-person selection committee. Rights Offerings On October 25, 2016, the Company entered into a backstop commitment agreement (“Backstop Commitment Agreement”) with the parties thereto (collectively, the “Backstop Parties”). In accordance with the Plan, the Backstop Commitment Agreement and the rights offerings procedures filed in the Chapter 11 cases and approved by the Bankruptcy Court, the LINN Debtors offered eligible creditors the right to purchase Class A common stock upon emergence from the Chapter 11 cases for an aggregate purchase price of $530 million . Under the Backstop Commitment Agreement, certain Backstop Parties agreed to purchase their pro rata share of the shares that were not duly subscribed to pursuant to the offerings at the discounted per share price set forth in the Backstop Commitment Agreement by parties other than Backstop Parties (the “Backstop Commitment”). Pursuant to the Backstop Commitment Agreement, the LINN Debtors agreed to pay the Backstop Parties on the Effective Date a commitment premium equal to 4.0% of the $530 million committed amount (the “Backstop Commitment Premium”), of which 3.0% was paid in cash and 1.0% was paid in the form of Class A common stock at the discounted per share price set forth in the Backstop Commitment Agreement. On the Effective Date, all conditions to the rights offerings and the Backstop Commitment Agreement were met, and the LINN Debtors completed the rights offerings and the related issuances of Class A common stock. Liabilities Subject to Compromise The Predecessor’s condensed consolidated balance sheet as of December 31, 2016, includes amounts classified as “liabilities subject to compromise,” which represent prepetition liabilities that were allowed, or that the Company estimated would be allowed, as claims in its Chapter 11 cases. The following table summarizes the components of liabilities subject to compromise included on the condensed consolidated balance sheet: Predecessor December 31, 2016 (in thousands) Accounts payable and accrued expenses $ 137,692 Accrued interest payable 144,184 Debt 4,023,129 Liabilities subject to compromise $ 4,305,005 Reorganization Items, Net The Company incurred significant costs and recognized significant gains associated with the reorganization. Reorganization items represent costs and income directly associated with the Chapter 11 proceedings 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 were determined. The following tables summarize the components of reorganization items included on the condensed consolidated statements of operations: Successor Predecessor Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 (in thousands) Legal and other professional advisory fees $ (3,446 ) $ (13,451 ) Unamortized deferred financing fees, discounts and premiums — (52,045 ) Gain related to interest payable on Predecessor’s Second Lien Notes — 551,000 Other 69 294 Reorganization items, net $ (3,377 ) $ 485,798 Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands) Gain on settlement of liabilities subject to compromise $ — $ 3,724,750 $ — Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement — (1,000,000 ) — Fresh start valuation adjustments — (591,525 ) — Income tax benefit related to implementation of the Plan — 264,889 — Legal and other professional advisory fees (6,016 ) (46,961 ) (13,451 ) Unamortized deferred financing fees, discounts and premiums — — (52,045 ) Gain related to interest payable on Predecessor’s Second Lien Notes — — 551,000 Terminated contracts — (6,915 ) — Other 74 (13,049 ) 294 Reorganization items, net $ (5,942 ) $ 2,331,189 $ 485,798

Fresh Start Accounting

Fresh Start Accounting	6 Months Ended
	Jun. 30, 2017
Fresh Start Accounting [Abstract]
Fresh Start Accounting	Fresh Start Accounting Upon the Company’s emergence from Chapter 11 bankruptcy, it adopted fresh start accounting in accordance with the provisions of ASC 852 which resulted in the Company becoming a new entity for financial reporting purposes. In accordance with ASC 852, the Company was required to adopt fresh start accounting upon its emergence from Chapter 11 because (i) the holders of existing voting ownership interests of the Predecessor received less than 50% of the voting shares of the Successor and (ii) the reorganization value of the Company’s assets immediately prior to confirmation of the Plan was less than the total of all post-petition liabilities and allowed claims. Upon adoption of fresh start accounting, the reorganization value derived from the enterprise value as disclosed in the Plan was allocated to the Company’s assets and liabilities based on their fair values (except for deferred income taxes) in accordance with ASC 805 “Business Combinations” (“ASC 805”). The amount of deferred income taxes recorded was determined in accordance with ASC 740 “Income Taxes” (“ASC 740”). The Effective Date fair values of the Company’s assets and liabilities differed materially from their recorded values as reflected on the historical balance sheet. The effects of the Plan and the application of fresh start accounting were reflected on the condensed consolidated balance sheet as of February 28, 2017, and the related adjustments thereto were recorded on the condensed consolidated statement of operations for the two months ended February 28, 2017. As a result of the adoption of fresh start accounting and the effects of the implementation of the Plan, the Company’s condensed consolidated financial statements subsequent to February 28, 2017, are not comparable to its condensed consolidated financial statements prior to February 28, 2017. References to “Successor” relate to the financial position and results of operations of the reorganized Company as of and subsequent to February 28, 2017. References to “Predecessor” relate to the financial position of the Company prior to, and results of operations through and including, February 28, 2017. The Company’s condensed consolidated financial statements and related footnotes are presented with a black line division, which delineates the lack of comparability between amounts presented after February 28, 2017, and amounts presented on or prior to February 28, 2017. The Company’s financial results for future periods following the application of fresh start accounting will be different from historical trends and the differences may be material. Reorganization Value Under ASC 852, the Successor determined a value to be assigned to the equity of the emerging entity as of the date of adoption of fresh start accounting. The Plan confirmed by the Bankruptcy Court estimated an enterprise value of $2.35 billion . The Plan enterprise value was prepared using an asset based methodology, as discussed further below. The enterprise value was then adjusted to determine the equity value of the Successor of approximately $2.03 billion . Adjustments to determine the equity value are presented below (in thousands): Plan confirmed enterprise value $ 2,350,000 Fair value of debt (900,000 ) Fair value of subsequently determined tax attributes 621,486 Fair value of vested Class B units (36,505 ) Value of Successor’s stockholders’ equity $ 2,034,981 The subsequently determined tax attributes were primarily the result of the conversion from a limited liability company to a C corporation and differences in the accounting basis and tax basis of the Company’s oil and natural gas properties as of the Effective Date. The Class B units are incentive interest awards that were granted on the Effective Date by Holdco to certain members of its management (see Note 12), and the associated fair value was recorded as a liability of approximately $7 million in “other accrued liabilities” and temporary equity of approximately $29 million in “redeemable noncontrolling interests” on the condensed consolidated balance sheet at February 28, 2017. The Company's principal assets are its oil and natural gas properties. The fair values of oil and natural gas properties were estimated using valuation techniques consistent with the income approach, converting future cash flows to a single discounted amount. Significant inputs used to determine the fair values of properties include estimates of: (i) reserves; (ii) future operating and development costs; (iii) future commodity prices; and (iv) 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. The underlying commodity prices embedded in the Company’s estimated cash flows are the product of a process that begins with New York Mercantile Exchange (“NYMEX”) forward curve pricing, adjusted for estimated location and quality differentials, as well as other factors that Company management believes will impact realizable prices. See below under “Fresh Start Adjustments” for additional information regarding assumptions used in the valuation of the Company's various other significant assets and liabilities. Condensed Consolidated Balance Sheet The adjustments included in the following fresh start condensed consolidated balance sheet reflect the effects of the transactions contemplated by the Plan and executed by the Company on the Effective Date (reflected in the column “Reorganization Adjustments”) as well as fair value and other required accounting adjustments resulting from the adoption of fresh start accounting (reflected in the column “Fresh Start Adjustments”). The explanatory notes provide additional information with regard to the adjustments recorded, the methods used to determine the fair values and significant assumptions. As of February 28, 2017 Predecessor Reorganization Adjustments (1) Fresh Start Adjustments Successor (in thousands) ASSETS Current assets: Cash and cash equivalents $ 734,166 $ (679,811 ) (2) $ — $ 54,355 Accounts receivable – trade, net 212,099 — (7,808 ) (16) 204,291 Derivative instruments 15,391 — — 15,391 Restricted cash 1,602 80,164 (3) — 81,766 Other current assets 106,426 (15,983 ) (4) 1,780 (17) 92,223 Total current assets 1,069,684 (615,630 ) (6,028 ) 448,026 Noncurrent assets: Oil and natural gas properties (successful efforts method) 13,269,035 — (11,082,258 ) (18) 2,186,777 Less accumulated depletion and amortization (10,044,240 ) — 10,044,240 (18) — 3,224,795 — (1,038,018 ) 2,186,777 Other property and equipment 641,586 — (197,653 ) (19) 443,933 Less accumulated depreciation (230,952 ) — 230,952 (19) — 410,634 — 33,299 443,933 Derivative instruments 4,492 — — 4,492 Deferred income taxes — 264,889 (5) 356,597 (5) 621,486 Other noncurrent assets 15,003 151 (6) 8,139 (20) 23,293 19,495 265,040 364,736 649,271 Total noncurrent assets 3,654,924 265,040 (639,983 ) 3,279,981 Total assets $ 4,724,608 $ (350,590 ) $ (646,011 ) $ 3,728,007 LIABILITIES AND EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued expenses $ 324,585 $ 41,266 (7) $ (2,351 ) (21) $ 363,500 Derivative instruments 7,361 — — 7,361 Current portion of long-term debt, net 1,937,822 (1,912,822 ) (8) — 25,000 Other accrued liabilities 41,251 (1,026 ) (9) 1,104 (22) 41,329 Total current liabilities 2,311,019 (1,872,582 ) (1,247 ) 437,190 Derivative instruments 2,116 — — 2,116 Long-term debt — 875,000 (10) — 875,000 Other noncurrent liabilities 402,776 (167 ) (11) (53,239 ) (23) 349,370 Liabilities subject to compromise 4,301,912 (4,301,912 ) (12) — — Temporary equity: Redeemable noncontrolling interests — 29,350 (13) — 29,350 As of February 28, 2017 Predecessor Reorganization Adjustments (1) Fresh Start Adjustments Successor Stockholders’/unitholders’ equity (deficit): Predecessor units issued and outstanding 5,386,812 (5,386,812 ) (14) — — Predecessor accumulated deficit (7,680,027 ) 2,884,740 (15) 4,795,287 (24) — Successor Class A common stock — 89 (14) — 89 Successor additional paid-in capital — 7,421,704 (14) (5,386,812 ) (24) 2,034,892 Successor retained earnings — — — — Total stockholders’/unitholders’ equity (deficit) (2,293,215 ) 4,919,721 (591,525 ) 2,034,981 Total liabilities and equity (deficit) $ 4,724,608 $ (350,590 ) $ (646,011 ) $ 3,728,007 Reorganization Adjustments: 1) Represent amounts recorded as of the Effective Date for the implementation of the Plan, including, among other items, settlement of the Predecessor’s liabilities subject to compromise, repayment of certain of the Predecessor’s debt, cancellation of the Predecessor’s equity, issuances of the Successor’s Class A common stock, proceeds received from the Successor’s rights offerings and issuance of the Successor’s debt. 2) Changes in cash and cash equivalents included the following: (in thousands) Borrowings under the Successor’s revolving loan $ 600,000 Borrowings under the Successor’s term loan 300,000 Proceeds from rights offerings 530,019 Removal of restriction on cash balance 1,602 Payment to holders of claims under the Predecessor Credit Facility (1,947,357 ) Payment to holders of claims under the Second Lien Notes (30,000 ) Payment of Berry’s ad valorem taxes (23,366 ) Payment of the rights offerings backstop commitment premium (15,900 ) Payment of professional fees (13,043 ) Funding of the professional fees escrow account (41,766 ) Funding of the general unsecured claims cash distribution pool (40,000 ) Changes in cash and cash equivalents $ (679,811 ) 3) Primarily reflects the transfer to restricted cash to fund the Predecessor’s professional fees escrow account and general unsecured claims cash distribution pool. 4) Primarily reflects the write-off of the Predecessor’s deferred financing fees. 5) Reflects deferred tax assets recorded as of the Effective Date as determined in accordance with ASC 740. The deferred tax assets were primarily the result of the conversion from a limited liability company to a C corporation and differences in the accounting basis and tax basis of the Company’s oil and natural gas properties as of the Effective Date. 6) Reflects the capitalization of deferred financing fees related to the Successor’s revolving loan. 7) Net increase in accounts payable and accrued expenses reflects: (in thousands) Recognition of payables for the professional fees escrow account $ 41,766 Recognition of payables for the general unsecured claims cash distribution pool 40,000 Payment of professional fees (17,130 ) Payment of Berry’s ad valorem taxes (23,366 ) Other (4 ) Net increase in accounts payable and accrued expenses $ 41,266 8) Reflects the settlement of the Predecessor Credit Facility through repayment of approximately $1.9 billion , net of the write-off of deferred financing fees and an increase of $25 million for the current portion of the Successor’s term loan. 9) Reflects a decrease of approximately $8 million for the payment of accrued interest on the Predecessor Credit Facility partially offset by an increase of approximately $7 million related to noncash share-based compensation classified as a liability related to the incentive interest awards issued by Holdco to certain members of its management (see Note 12). 10) Reflects borrowings of $900 million under the Successor Credit Facility, which includes a $600 million revolving loan and a $300 million term loan, net of $25 million for the current portion of the Successor’s term loan. 11) Reflects a reduction in deferred tax liabilities as determined in accordance with ASC 740. 12) Settlement of liabilities subject to compromise and the resulting net gain were determined as follows: (in thousands) Accounts payable and accrued expenses $ 134,599 Accrued interest payable 144,184 Debt 4,023,129 Total liabilities subject to compromise 4,301,912 Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement 1,000,000 Funding of the general unsecured claims cash distribution pool (40,000 ) Payment to holders of claims under the Second Lien Notes (30,000 ) Issuance of Class A common stock to creditors (1,507,162 ) Gain on settlement of liabilities subject to compromise $ 3,724,750 13) Reflects redeemable noncontrolling interests classified as temporary equity related to the incentive interest awards issued by Holdco to certain members of its management. See Note 12 and Note 17 for additional information. 14) Net increase in capital accounts reflects: (in thousands) Issuance of Class A common stock to creditors $ 1,507,162 Issuance of Class A common stock pursuant to the rights offerings 530,019 Payment of the rights offerings backstop commitment premium (15,900 ) Payment of issuance costs (50 ) Share-based compensation expenses 13,750 Cancellation of the Predecessor’s units issued and outstanding 5,386,812 Par value of Class A common stock (89 ) Change in additional paid-in capital 7,421,704 Par value of Class A common stock 89 Predecessor’s units issued and outstanding (5,386,812 ) Net increase in capital accounts $ 2,034,981 See Note 11 for additional information on the issuances of the Successor’s equity. 15) Net decrease in accumulated deficit reflects: (in thousands) Recognition of gain on settlement of liabilities subject to compromise $ 3,724,750 Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement (1,000,000 ) Recognition of professional fees (37,680 ) Write-off of deferred financing fees (16,728 ) Recognition of deferred income taxes 264,889 Total reorganization items, net 2,935,231 Share-based compensation expenses (50,255 ) Other (236 ) Net decrease in accumulated deficit $ 2,884,740 Fresh Start Adjustments: 16) Reflects a change in accounting policy from the entitlements method to the sales method for natural gas production imbalances. 17) Reflects the recognition of intangible assets for the current portion of favorable leases, partially offset by decreases for well equipment inventory and the write-off of historical intangible assets. 18) Reflects a decrease of oil and natural gas properties, based on the methodology discussed above, and the elimination of accumulated depletion and amortization. The following table summarizes the components of oil and natural gas properties as of the Effective Date: Successor Predecessor Fair Value Historical Book Value (in thousands) Proved properties $ 2,186,777 $ 12,258,835 Unproved properties — 1,010,200 2,186,777 13,269,035 Less accumulated depletion and amortization — (10,044,240 ) $ 2,186,777 $ 3,224,795 19) Reflects a decrease of other property and equipment and the elimination of accumulated depreciation. The following table summarizes the components of other property and equipment as of the Effective Date: Successor Predecessor Fair Value Historical Book Value (in thousands) Natural gas plants and pipelines $ 342,924 $ 426,914 Office equipment and furniture 39,211 106,059 Buildings and leasehold improvements 32,817 66,023 Vehicles 16,980 30,760 Land 7,747 3,727 Drilling and other equipment 4,254 8,103 443,933 641,586 Less accumulated depreciation — (230,952 ) $ 443,933 $ 410,634 In estimating the fair value of other property and equipment, the Company used a combination of cost and market approaches. A cost approach was used to value the Company’s natural gas plants and pipelines and other operating assets, based on current replacement costs of the assets less depreciation based on the estimated economic useful lives of the assets and age of the assets. A market approach was used to value the Company’s vehicles and land, using recent transactions of similar assets to determine the fair value from a market participant perspective. 20) Reflects the recognition of intangible assets for the noncurrent portion of favorable leases, as well as increases in equity method investments and carbon credit allowances. Assets and liabilities for out-of-market contracts were valued based on market terms as of February 28, 2017, and will be amortized over the remaining life of the respective lease. The Company’s equity method investments were valued based on a market approach using a market EBITDA multiple. Carbon credit allowances were valued using a market approach based on trading prices for carbon credits on February 28, 2017. 21) Primarily reflects the write-off of deferred rent partially offset by an increase in carbon emissions liabilities. 22) Reflects an increase of the current portion of asset retirement obligations. 23) Primarily reflects a decrease of approximately $49 million for asset retirement obligations and approximately $5 million for deferred rent, partially offset by an increase of approximately $1 million for carbon emissions liabilities. The fair value of asset retirement obligations were estimated using valuation techniques that convert future cash flows to a single discounted amount. Significant inputs to the valuation include estimates of: (i) plug and abandon costs per well based on existing regulatory requirements; (ii) remaining life per well; (iii) future inflation factors; and (iv) a credit-adjusted risk-free interest rate. Carbon emissions liabilities were valued using a market approach based on trading prices for carbon credits on February 28, 2017. 24) Reflects the cumulative impact of the fresh start accounting adjustments discussed above and the elimination of the Predecessor’s accumulated deficit.

Discontinued Operations, Other

Discontinued Operations, Other Divestitures and Joint Venture	6 Months Ended
	Jun. 30, 2017
Discontinued Operations [Abstract]
Discontinued Operations, Other Divestitures and Joint Venture	Discontinued Operations, Other Divestitures and Joint Venture Discontinued Operations On July 31, 2017, the Company completed the sale of its interest in properties located in the San Joaquin Basin in California to Berry Petroleum Company, LLC (the “San Joaquin Basin Sale”) and received cash proceeds of approximately $257 million . On July 21, 2017, the Company completed the sale of its interest in properties located in the Los Angeles Basin in California to Bridge Energy LLC (the “Los Angeles Basin Sale”) and received cash proceeds of approximately $94 million . The Company will receive an additional $7 million contingent payment if certain operational requirements are satisfied within one year. As a result of the Company’s strategic exit from California (completed by the San Joaquin Basin Sale and Los Angeles Basin Sale), the Company classified the assets and liabilities, results of operations and cash flows of its California properties as discontinued operations on its condensed consolidated financial statements. On December 3, 2016, LINN Energy filed an amended plan of reorganization that excluded Berry (see Note 2). As a result of its loss of control of Berry, LINN Energy concluded that it was appropriate to deconsolidate Berry effective on the aforementioned date and classified it as discontinued operations. The following table presents carrying amounts of the assets and liabilities of the Company’s California properties classified as discontinued operations on the condensed consolidated balance sheets: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Assets: Oil and natural gas properties $ 213,442 $ 728,190 Other property and equipment 11,339 11,402 Other 10,862 1,435 Total assets of discontinued operations $ 235,643 $ 741,027 Liabilities: Asset retirement obligations $ 26,774 $ 38,042 Other 1,444 1,481 Total liabilities of discontinued operations $ 28,218 $ 39,523 All balances of discontinued operations on the condensed consolidated balance sheets relate to the Company’s California properties, as Berry was deconsolidated effective December 3, 2016. At June 30, 2017 , the carrying values of the California properties were reduced to fair value less costs to sell, resulting in an impairment charge of approximately $13 million for the three months and four months ended June 30, 2017 . The impairment charge is included in “income (loss) from discontinued operations, net of income taxes” on the condensed consolidated statements of operations. Other assets primarily include restricted cash and inventories, and other liabilities primarily include carbon emissions liabilities. All assets and liabilities related to the California properties were classified as current on the condensed consolidated balance sheet as of June 30, 2017 . The following tables present summarized financial results of the Company’s California properties and Berry classified as discontinued operations on the condensed consolidated statements of operations: Successor Predecessor Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 (in thousands) Revenues and other $ 20,511 $ 129,245 Expenses 25,935 156,176 Other income and (expenses) (2,074 ) (18,190 ) Reorganization items, net — 49,086 Income (loss) from discontinued operations before income taxes (7,498 ) 3,965 Income tax expense (benefit) (4,176 ) 164 Income (loss) from discontinued operations, net of income taxes $ (3,322 ) $ 3,801 Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands) Revenues and other $ 27,636 $ 14,891 $ 235,949 Expenses 30,344 13,758 1,375,480 Other income and (expenses) (2,791 ) (1,681 ) (39,470 ) Reorganization items, net — — 49,086 Loss from discontinued operations before income taxes (5,499 ) (548 ) (1,129,915 ) Income tax expense (benefit) (2,245 ) — 162 Loss from discontinued operations, net of income taxes $ (3,254 ) $ (548 ) $ (1,130,077 ) Results of operations of Berry are only included in the three months and six months ended June 30, 2016 , as Berry was deconsolidated effective December 3, 2016. Other income and (expenses) include an allocation of interest expense for the California properties of approximately $2 million for each of the three months ended June 30, 2017 , and June 30, 2016 , and approximately $3 million , $2 million and $3 million for the four months ended June 30, 2017 , the two months ended February 28, 2017, and the six months ended June 30, 2016 , respectively, which represents interest on debt that was required to be repaid as a result of the sales. Berry Transition Services and Separation Agreement On the Effective Date, Berry entered into a Transition Services and Separation Agreement (the “TSSA”) with LINN Energy and certain of its subsidiaries to facilitate the separation of Berry’s operations from LINN Energy’s operations. Pursuant to the TSSA, LINN Energy continued to provide, or caused to be provided, certain administrative, management, operating, and other services and support to Berry during a transitional period following the Effective Date (the “Transition Services”). Under the TSSA, Berry reimbursed LINN Energy for any and all reasonable, third-party out-of-pocket costs and expenses, without markup, actually incurred by LINN Energy, to the extent documented, in connection with providing the Transition Services. Additionally, Berry paid to LINN Energy a management fee of $6 million per month, prorated for partial months, during the period from the Effective Date through the last day of the second full calendar month after the Effective Date (the “Transition Period”) and paid $2.7 million per month, prorated for partial months, from the first day following the Transition Period through the last day of the second full calendar month thereafter (the “Accounting Period”). During the Accounting Period, the scope of the Transition Services was reduced to specified accounting and administrative functions. The Transition Period ended April 30, 2017, and the Accounting Period ended June 30, 2017 . Other Divestitures On June 30, 2017 , the Company completed the sale of its interest in properties located in the Salt Creek Field in Wyoming to Denbury Resources Inc. (the “Salt Creek Assets Sale”). Cash proceeds received from the sale of these properties were approximately $76 million and the Company recognized a net gain of approximately $22 million . On May 31, 2017, the Company completed the sale of its interest in properties located in western Wyoming to Jonah Energy LLC (the “Jonah Assets Sale”). Cash proceeds received from the sale of these properties were approximately $560 million , net of costs to sell of approximately $6 million , and the Company recognized a net gain of approximately $279 million . On May 9, 2017, the Company completed the sale of undeveloped acreage located in Ward County, Texas and received cash proceeds of approximately $4 million . The three divestitures discussed above are not presented as discontinued operations because they do not represent a strategic shift that will have a major effect on the Company’s operations and financial results. The gains on these divestitures are included in “gains (losses) on sale of assets and other, net” on the condensed consolidated statements of operations. Divestitures – Subsequent Events On August 1, 2017, and July 31, 2017, the Company completed the sales of its interest in certain properties located in south Texas (the “South Texas Assets Sales”) related to definitive purchase and sale agreements entered into in June 2017 and received cash proceeds of approximately $9 million and approximately $23 million , respectively. On July 28, 2017, the Company completed the sale of undeveloped acreage located in Lea and Eddy counties in New Mexico (the “Permian Acreage Sale”) related to a definitive purchase and sale agreement entered into in June 2017 and received cash proceeds of approximately $21 million . Joint Venture – Pending On June 27, 2017, the Company, through certain of its wholly owned subsidiaries, entered into an agreement with Citizen Energy II, LLC (“Citizen”) in which LINN Energy and Citizen will each contribute certain upstream assets located in Oklahoma to a newly formed company, Roan Resources LLC (“Roan”), focused on the accelerated development of the Merge/SCOOP/STACK play in the Mid-Continent region. In exchange for their respective contributions, LINN Energy and Citizen will equally split the equity interest in Roan. The transaction is anticipated to close in the third quarter of 2017, subject to closing conditions. There can be no assurance that all of the conditions to closing will be satisfied. Assets and Liabilities Held For Sale The assets and liabilities associated with the South Texas Assets Sales and the Permian Acreage Sale, as well as the properties to be contributed in the pending Roan joint venture, are classified as “held for sale” on the condensed consolidated balance sheet. At June 30, 2017, the Company’s condensed consolidated balance sheet included current assets of approximately $236 million included in “assets held for sale” and current liabilities of approximately $36 million included in “liabilities held for sale” related to these transactions. The following table presents carrying amounts of the assets and liabilities of the Company’s properties classified as held for sale on the condensed consolidated balance sheet: Successor June 30, 2017 (in thousands) Assets: Oil and natural gas properties $ 224,918 Other property and equipment 11,070 Other 433 Total assets held for sale $ 236,421 Liabilities: Asset retirement obligations $ 21,210 Other 15,177 Total liabilities held for sale $ 36,387 Other assets primarily include inventories and other liabilities primarily include accounts payable.

Oil and Natural Gas Properties

Oil and Natural Gas Properties	6 Months Ended
	Jun. 30, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Oil and Natural Gas Properties	Oil and Natural Gas Properties Oil and Natural Gas Capitalized Costs As a result of the application of fresh start accounting, the Company recorded its oil and natural gas properties at fair value as of the Effective Date. The fair values of oil and natural gas properties are estimated using valuation techniques consistent with the income approach, converting future cash flows to a single discounted amount. Significant inputs used to determine the fair values of proved and unproved properties include estimates of: (i) reserves; (ii) future operating and development costs; (iii) future commodity prices; and (iv) 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. The fair value was estimated using inputs characteristic of a Level 3 fair value measurement. Aggregate capitalized costs related to oil, natural gas and NGL production activities with applicable accumulated depletion and amortization are presented below: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Proved properties $ 1,443,916 $ 11,350,257 Unproved properties 194 998,860 1,444,110 12,349,117 Less accumulated depletion and amortization (37,572 ) (9,843,908 ) $ 1,406,538 $ 2,505,209 Impairment of Proved Properties The Company evaluates the impairment of its proved oil and natural gas properties on a field-by-field basis whenever events or changes in circumstances indicate that the carrying value may not be recoverable. The carrying values of proved properties are reduced to fair value when the expected undiscounted future cash flows of proved and risk-adjusted probable and possible reserves are less than net book value. Based on the analysis described above, for the six months ended June 30, 2016 , the Company recorded an impairment charge of approximately $123 million associated with proved oil and natural gas properties in the Mid-Continent region due to a decline in commodity prices, changes in expected capital development and a decline in the Company’s estimates of proved reserves. The carrying values of the impaired proved properties were reduced to fair value, estimated using inputs characteristic of a Level 3 fair value measurement. The impairment charges are included in “impairment of long-lived assets” on the condensed consolidated statement of operations. The Company recorded no impairment charges for the six months ended June 30, 2017 , or the three months ended June 30, 2016 .

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	Debt The following summarizes the Company’s outstanding debt: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands, except percentages) Successor revolving loan (1) $ 183,430 $ — Predecessor credit facility (2) — 1,654,745 Predecessor term loan (2) — 284,241 6.50% senior notes due May 2019 — 562,234 6.25% senior notes due November 2019 — 581,402 8.625% senior notes due April 2020 — 718,596 12.00% senior secured second lien notes due December 2020 — 1,000,000 7.75% senior notes due February 2021 — 779,474 6.50% senior notes due September 2021 — 381,423 Net unamortized deferred financing fees — (1,257 ) Total debt, net 183,430 5,960,858 Less current portion, net (3) — (1,937,729 ) Less liabilities subject to compromise (4) — (4,023,129 ) Long-term debt $ 183,430 $ — (1) Variable interest rate of 4.59% at June 30, 2017 . (2) Variable interest rate of 5.50% at December 31, 2016 . (3) Due to covenant violations, the Predecessor’s credit facility and term loan were classified as current at December 31, 2016 . (4) The Predecessor’s senior notes and Second Lien Notes were classified as liabilities subject to compromise at December 31, 2016 . On the Effective Date, pursuant to the terms of the Plan, all outstanding amounts under these debt instruments were canceled. Fair Value The Company’s debt is recorded at the carrying amount on the condensed consolidated balance sheets. The carrying amounts of the credit facilities and term loans approximate fair value because the interest rates are variable and reflective of market rates. The Company used a market approach to determine the fair value of the Predecessor’s Second Lien Notes and senior notes using estimates based on prices quoted from third-party financial institutions, which is a Level 2 fair value measurement. Predecessor December 31, 2016 Carrying Value Fair Value (in thousands) Senior secured second lien notes $ 1,000,000 $ 863,750 Senior notes, net 3,023,129 1,179,224 Successor Credit Facility On the Effective Date, pursuant to the terms of the Plan, the Company entered into the Successor Credit Facility with Holdco II as borrower and Wells Fargo Bank, National Association, as administrative agent, providing for: 1) a reserve-based revolving loan with an initial borrowing base of $1.4 billion and 2) a term loan in an original principal amount of $300 million . On May 31, 2017, the Company entered into the First Amendment and Consent to Credit Agreement, pursuant to which among other modifications: 1) the term loan was paid in full and terminated using cash proceeds from the Jonah Assets Sale, and 2) the borrowing base for the revolving loan was reduced to $1 billion with additional agreed upon reductions for the Company’s other announced sales. As of June 30, 2017, total borrowings outstanding under the Successor Credit Facility were approximately $183 million and there was approximately $774 million of remaining available borrowing capacity (which includes a $7 million reduction for outstanding letters of credit). The maturity date is February 27, 2021. Redetermination of the borrowing base under the Successor Credit Facility, based primarily on reserve reports using lender commodity price expectations at such time, occurs semi-annually, in April and October. The next scheduled borrowing base redetermination is to occur on October 1, 2017. At the Company’s election, interest on borrowings under the Successor Credit Facility is determined by reference to either the London Interbank Offered Rate (“LIBOR”) plus an applicable margin of 3.50% per annum or the alternate base rate (“ABR”) plus an applicable margin of 2.50% per annum. Interest is generally payable in arrears monthly for loans bearing interest based at the ABR and at the end of the applicable interest period for loans bearing interest at the LIBOR. The Company is required to pay a commitment fee to the lenders under the Successor Credit Facility, which accrues at a rate per annum of 0.50% on the average daily unused amount of the available revolving loan commitments of the lenders. Holdco II has the right to prepay any borrowings under the Successor Credit Facility at any time without a prepayment penalty, other than customary “breakage” costs with respect to LIBOR loans. The obligations under the Successor Credit Facility are secured by mortgages covering approximately 95% of the total value of the proved reserves of the oil and natural gas properties of the Company, and certain equipment and facilities associated therewith, along with liens on substantially all personal property of the Company and are guaranteed by the Company, Linn Energy Holdco LLC and Holdco II’s subsidiaries, subject to customary exceptions. Under the Successor Credit Facility, the Company is required to maintain certain financial covenants including the maintenance of (i) a reserve coverage ratio of at least 1.1 to 1.0 , tested on (a) the date of each scheduled borrowing base redetermination and (b) the date of each additional borrowing base redetermination done in conjunction with an asset sale, (ii) a maximum total net debt to last twelve months EBITDAX ratio of 4.0 to 1.0 beginning with the quarter ending September 30, 2017, and (iii) a minimum current ratio of 1.0 to 1.0 beginning with the quarter ending September 30, 2017. The Successor Credit Facility also contains customary affirmative and negative covenants, including as to compliance with laws (including environmental laws, ERISA and anti-corruption laws), maintenance of required insurance, delivery of quarterly and annual financial statements, oil and natural gas engineering reports and budgets, maintenance and operation of property (including oil and natural gas properties), restrictions on the incurrence of liens and indebtedness, mergers, consolidations and sales of assets, transactions with affiliates and other customary covenants. The Successor Credit Facility contains customary events of default and remedies for credit facilities of this nature. Failure to comply with the financial and other covenants in the Successor Credit Facility would allow the lenders, subject to customary cure rights, to require immediate payment of all amounts outstanding under the Successor Credit Facility. Predecessor’s Credit Facility, Second Lien Notes and Senior Notes On the Effective Date, pursuant to the terms of the Plan, all outstanding obligations under the Predecessor’s credit facility, Second Lien Notes and senior notes were canceled. See Note 2 for additional information. Predecessor Covenant Violations The Company’s filing of the Bankruptcy Petitions described in Note 2 constituted an event of default that accelerated the obligations under the Predecessor’s credit facility, Second Lien Notes and senior notes. For the two months ended February 28, 2017, contractual interest, which was not recorded, on the Second Lien Notes and senior notes was approximately $57 million . Under the Bankruptcy Code, the creditors under these debt agreements were stayed from taking any action against the Company as a result of an event of default.

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Commodity Derivatives Historically, the Company has hedged a portion of its forecasted production to reduce exposure to fluctuations in oil and natural gas prices and provide long-term cash flow predictability to manage its business. The current direct NGL hedging market is constrained in terms of price, volume, duration and number of counterparties, which limits the Company’s ability to effectively hedge its NGL production. The Company has also hedged its exposure to differentials in certain operating areas but does not currently hedge exposure to oil or natural gas differentials. The Company has historically entered into commodity hedging transactions primarily in the form of swap contracts that are designed to provide a fixed price, collars and, from time to time, put options that are designed to provide a fixed price floor with the opportunity for upside. The Company enters into these transactions with respect to a portion of its projected production or consumption to provide an economic hedge of the risk related to the future commodity prices received or paid. The Company does not enter into derivative contracts for trading purposes. The Company did not designate any of its contracts as cash flow hedges; therefore, the changes in fair value of these instruments are recorded in current earnings. See Note 8 for fair value disclosures about oil and natural gas commodity derivatives. The following table presents derivative positions for the periods indicated as of June 30, 2017 : July 1 – December 31, 2017 2018 2019 Natural gas positions: Fixed price swaps (NYMEX Henry Hub): Hedged volume (MMMBtu) 68,080 47,815 11,315 Average price ($/MMBtu) $ 3.17 $ 3.01 $ 2.97 Oil positions: Fixed price swaps (NYMEX WTI): Hedged volume (MBbls) 2,208 548 — Average price ($/Bbl) $ 52.13 $ 54.07 $ — Collars (NYMEX WTI): Hedged volume (MBbls) — 1,825 1,825 Average floor price ($/Bbl) $ — $ 50.00 $ 50.00 Average ceiling price ($/Bbl) $ — $ 55.50 $ 55.50 During the four months ended June 30, 2017 , the Company entered into commodity derivative contracts consisting of oil swaps for January 2018 through December 2018 and natural gas swaps for January 2018 through December 2019. The Company did not enter into any commodity derivative contracts during the two months ended February 28, 2017, or the six months ended June 30, 2016 . The natural gas derivatives are settled based on the closing price of NYMEX Henry Hub natural gas on the last trading day for the delivery month, which occurs on the third business day preceding the delivery month, or the relevant index prices of natural gas published in Inside FERC’s Gas Market Report on the first business day of the delivery month. The oil derivatives are settled based on the average closing price of NYMEX WTI crude oil for each day of the delivery month. Balance Sheet Presentation The Company’s commodity derivatives are presented on a net basis in “derivative instruments” on the condensed consolidated balance sheets. The following table summarizes the fair value of derivatives outstanding on a gross basis: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Assets: Commodity derivatives $ 55,058 $ 19,369 Liabilities: Commodity derivatives $ 18,826 $ 113,226 By using derivative instruments to economically hedge exposures to changes in commodity prices, the Company exposes itself to credit risk and market risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. When the fair value of a derivative contract is positive, the counterparty owes the Company, which creates credit risk. The Company’s counterparties are participants in the Successor Credit Facility or were participants in the Predecessor Credit Facility. The Successor Credit Facility is secured by certain of the Company’s and its subsidiaries’ oil, natural gas and NGL reserves and personal property; therefore, the Company is not required to post any collateral. The Company does not receive collateral from its counterparties. The maximum amount of loss due to credit risk that the Company would incur if its counterparties failed completely to perform according to the terms of the contracts, based on the gross fair value of financial instruments, was approximately $55 million at June 30, 2017 . The Company minimizes the credit risk in derivative instruments by: (i) limiting its exposure to any single counterparty; (ii) entering into derivative instruments only with counterparties that meet the Company’s minimum credit quality standard, or have a guarantee from an affiliate that meets the Company’s minimum credit quality standard; and (iii) monitoring the creditworthiness of the Company’s counterparties on an ongoing basis. In accordance with the Company’s standard practice, its commodity derivatives are subject to counterparty netting under agreements governing such derivatives and therefore the risk of loss due to counterparty nonperformance is somewhat mitigated. Gains and Losses on Derivatives Gains on derivatives were approximately $46 million and $34 million for the three months and four months ended June 30, 2017 , respectively, and approximately $93 million for the two months ended February 28, 2017. Losses on derivatives were approximately $184 million and $74 million for the three months and six months ended June 30, 2016 , respectively. Gains and losses on derivatives are reported on the condensed consolidated statements of operations in “gains (losses) on oil and natural gas derivatives.” The Company received net cash settlements of approximately $2 million and $8 million for the three months and four months ended June 30, 2017 , respectively, and paid net cash settlements of approximately $12 million for the two months ended February 28, 2017. The Company received net cash settlements of approximately $522 million and $856 million for the three months and six months ended June 30, 2016 , respectively.

Fair Value Measurements on a Re

Fair Value Measurements on a Recurring Basis	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements on a Recurring Basis	Fair Value Measurements on a Recurring Basis The Company accounts for its commodity derivatives at fair value (see Note 7) on a recurring basis. The Company determines the fair value of its oil and natural gas derivatives utilizing pricing models that use a variety of techniques, including market quotes and pricing analysis. Inputs to the pricing models include publicly available prices and forward price curves generated from a compilation of data gathered from third parties. Company management validates the data provided by third parties by understanding the pricing models used, obtaining market values from other pricing sources, analyzing pricing data in certain situations and confirming that those instruments trade in active markets. Assumed credit risk adjustments, based on published credit ratings and public bond yield spreads, are applied to the Company’s commodity derivatives. Fair Value Hierarchy In accordance with applicable accounting standards, the Company has categorized its financial instruments into a three-level fair value hierarchy based on the priority of inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The following presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis: Successor June 30, 2017 Level 2 Netting (1) Total (in thousands) Assets: Commodity derivatives $ 55,058 $ (18,340 ) $ 36,718 Liabilities: Commodity derivatives $ 18,826 $ (18,340 ) $ 486 Predecessor December 31, 2016 Level 2 Netting (1) Total (in thousands) Assets: Commodity derivatives $ 19,369 $ (19,369 ) $ — Liabilities: Commodity derivatives $ 113,226 $ (19,369 ) $ 93,857 (1) Represents counterparty netting under agreements governing such derivatives.

Asset Retirement Obligations

Asset Retirement Obligations	6 Months Ended
	Jun. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	Asset Retirement Obligations The Company has the obligation to plug and abandon oil and natural gas wells and related equipment at the end of production operations. Estimated asset retirement costs are recognized as liabilities with an increase to the carrying amounts of the related long-lived assets when the obligation is incurred. The liabilities are included in “other accrued liabilities” and “other noncurrent liabilities” on the condensed consolidated balance sheets. Accretion expense is included in “depreciation, depletion and amortization” on the condensed consolidated statements of operations. The fair value of additions to the asset retirement obligations is estimated using valuation techniques that convert future cash flows to a single discounted amount. Significant inputs to the valuation include estimates of: (i) plug and abandon costs per well based on existing regulatory requirements; (ii) remaining life per well; (iii) future inflation factors; and (iv) a credit-adjusted risk-free interest 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. The following table presents a reconciliation of the Company’s asset retirement obligations (in thousands): Asset retirement obligations at December 31, 2016 (Predecessor) $ 402,162 Liabilities added from drilling 146 Accretion expense 4,024 Settlements (618 ) Asset retirement obligations at February 28, 2017 (Predecessor) $ 405,714 Fresh start adjustment (1) (48,317 ) Asset retirement obligations at February 28, 2017 (Successor) $ 357,397 Liabilities added from drilling 277 Liabilities associated with assets sold (43,507 ) Liabilities associated with assets held for sale (21,210 ) Liabilities associated with discontinued operations (26,774 ) Accretion expense 7,107 Settlements (3,172 ) Asset retirement obligations at June 30, 2017 (Successor) $ 270,118 (1) As a result of the application of fresh start accounting, the Successor recorded its asset retirement obligations at fair value as of the Effective Date.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies On May 11, 2016, the Debtors filed Bankruptcy Petitions for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court. The Debtors’ Chapter 11 cases were administered jointly under the caption In re Linn Energy, LLC, et al., Case No. 16‑60040. On January 27, 2017, the Bankruptcy Court entered the Confirmation Order. Consummation of the Plan was subject to certain conditions set forth in the Plan. On the Effective Date, all of the conditions were satisfied or waived and the Plan became effective and was implemented in accordance with its terms. The LINN Debtors Chapter 11 cases will remain pending until the final resolution of all outstanding claims. The commencement of the Chapter 11 proceedings automatically stayed certain actions against the Company, including actions to collect prepetition liabilities or to exercise control over the property of the Company’s bankruptcy estates. For certain statewide class action royalty payment disputes, the Company filed notices advising that it had filed for bankruptcy protection and seeking a stay, which was granted. However, the Company is, and will continue to be until the final resolution of all claims, subject to certain contested matters and adversary proceedings stemming from the Chapter 11 proceedings. In March 2017, Wells Fargo Bank, National Association (“Wells Fargo”), the administrative agent under the Predecessor Credit Facility, filed a motion in the Bankruptcy Court seeking payment of post-petition default interest of approximately $31 million . The Company has vigorously disputed that Wells Fargo is entitled to any default interest based on the plain language of the Plan and Confirmation Order. A hearing was held on April 27, 2017, and the parties are awaiting a ruling from the Bankruptcy Court on this matter. The Company is not currently a party to any litigation or pending claims that it believes would have a material adverse effect on its overall business, financial position, results of operations or liquidity; however, cash flow could be significantly impacted in the reporting periods in which such matters are resolved. During the six months ended June 30, 2017 , and the six months ended June 30, 2016 , the Company made no significant payments to settle any legal, environmental or tax proceedings. The Company regularly analyzes current information and accrues for probable liabilities on the disposition of certain matters as necessary. Liabilities for loss contingencies arising from claims, assessments, litigation or other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated.

Equity (Deficit)

Equity (Deficit)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Equity (Deficit)	Equity (Deficit) Cancellation of Units and Issuance of Class A Common Stock In accordance with the Plan, on the Effective Date: • All units in the Predecessor that were issued and outstanding immediately prior to the Effective Date were extinguished without recovery; • 17,678,889 shares of Class A common stock were issued pro rata to holders of the Second Lien Notes with claims allowed under the Plan; • 26,724,396 shares of Class A common stock were issued pro rata to holders of Unsecured Notes with claims allowed under the Plan; • 471,110 shares of Class A common stock were issued to commitment parties under the Backstop Commitment Agreement in respect of premium due thereunder; • 2,995,691 shares of Class A common stock were issued to commitment parties under the Backstop Commitment Agreement in connection with their backstop obligation thereunder; and • 41,359,806 shares of Class A common stock were issued to participants in the rights offerings extended by the Company to certain holders of claims arising under the Second Lien Notes and the Unsecured Notes (including, in each case, certain of the commitment parties party to the Backstop Commitment Agreement). With the exception of shares of Class A common stock issued to commitment parties pursuant to their obligations under the Backstop Commitment Agreement, shares of Class A common stock were issued under the Plan pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), under Section 1145 of the Bankruptcy Code. Shares of Class A common stock issued to commitment parties pursuant to their obligations under the Backstop Commitment Agreement were issued pursuant to an exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof. As of the Effective Date, there were 89,229,892 shares of Class A common stock, par value $0.001 per share, issued and outstanding. Share Repurchase Program On June 1, 2017, the Company’s Board of Directors announced that it had authorized the repurchase of up to $75 million of the Company’s outstanding shares of Class A common stock. On June 28, 2017, the Company’s Board of Directors announced that it had authorized an increase in the previously announced share repurchase program to up to a total of $200 million of the Company’s outstanding shares of Class A common stock. In June 2017, the Company repurchased 7,540 shares of Class A common stock at an average price of $30.48 per share for a total cost of approximately $230,000 . In addition, in July 2017, the Company repurchased 833,763 shares of Class A common stock at an average price of $32.43 per share for a total cost of approximately $27 million . Dividends/Distributions Under the Predecessor’s limited liability company agreement, unitholders were entitled to receive a distribution of available cash, which included cash on hand plus borrowings less any reserves established by the Predecessor’s Board of Directors to provide for the proper conduct of the Predecessor’s business (including reserves for future capital expenditures, acquisitions and anticipated future credit needs) or to fund distributions, if any, over the next four quarters. In October 2015, the Predecessor’s Board of Directors determined to suspend payment of the Predecessor’s distribution. The Successor currently has no intention of paying cash dividends and any future payment of cash dividends would be subject to the restrictions in the Successor Credit Facility.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The Company had no equity awards outstanding as of December 31, 2016. In accordance with the Plan, in February 2017, the Company implemented the Linn Energy, Inc. 2017 Omnibus Incentive Plan (the “Omnibus Incentive Plan”) pursuant to which employees and consultants of the Company and its affiliates are eligible to receive stock options, restricted stock, performance awards, other stock-based awards and other cash-based awards. The Committee (as defined in the Omnibus Incentive Plan) has broad authority under the Omnibus Incentive Plan to, among other things: (i) select participants; (ii) determine the types of awards that participants receive and the number of shares that are subject to such awards; and (iii) establish the terms and conditions of awards, including the price (if any) to be paid for the shares or the award. As of the Effective Date, an aggregate of 6,444,381 shares of Class A common stock were reserved for issuance under the Omnibus Incentive Plan (the “Share Reserve”). Additional shares of Class A common stock may be issued in excess of the Share Reserve for the sole purpose of satisfying any conversion of Class B units or Class A‑2 units of Holdco, as applicable, into shares of Class A common stock pursuant to the Limited Liability Company Operating Agreement of Holdco (the “Holdco LLC Agreement”), and the conversion procedures set forth therein. If any stock option or other stock-based award granted under the Omnibus Incentive Plan expires, terminates or is canceled for any reason without having been exercised in full, the number of shares of Class A common stock underlying any unexercised award shall again be available for the purpose of awards under the Omnibus Incentive Plan. If any shares of restricted stock, performance awards or other stock-based awards denominated in shares of Class A common stock awarded under the Omnibus Incentive Plan are forfeited for any reason, the number of forfeited shares shall again be available for purposes of awards under the Omnibus Incentive Plan. Any award under the Omnibus Incentive Plan settled in cash shall not be counted against the maximum share limitation. As is customary in incentive plans of this nature, each share limit and the number and kind of shares available under the Omnibus Incentive Plan and any outstanding awards, as well as the exercise or purchase prices of awards, and performance targets under certain types of performance-based awards, are subject to adjustment in the event of certain reorganizations, mergers, combinations, recapitalizations, stock splits, stock dividends or other similar events that change the number or kind of shares outstanding, and extraordinary dividends or distributions of property to the Company’s stockholders. Restricted Stock Units On the Effective Date, the Company granted to certain employees 2,478,606 restricted stock units (the “Emergence Awards”). The portion of the Share Reserve that does not constitute the Emergence Awards, plus any subsequent awards forfeited before vesting (the “Remaining Share Reserve”), will be fully granted within the 36-month period immediately following the Effective Date (with such 36-month anniversary, the “Final Allocation Date”). If a Change in Control (as defined in the Omnibus Incentive Plan) occurs before the Final Allocation Date, the Company will allocate the entire Remaining Share Reserve on a fully-vested basis to actively employed employees (pro-rata based upon each such employee’s relative awards) upon the consummation of the Change in Control. During the four months ended June 30, 2017 , the Company granted to certain employees 1,255,345 restricted stock units from the Remaining Share Reserve. Upon a participant’s termination of employment and/or service (as applicable), the Company has the right (but not the obligation) to repurchase all or any portion of the shares of Class A common stock acquired pursuant to an award at a price equal to the fair market value (as determined under the Omnibus Incentive Plan) of the shares of Class A common stock to be repurchased, measured as of the date of the Company’s repurchase notice. Holdco Incentive Interest Plan On the Effective Date, Holdco granted incentive interest awards to certain members of its management in the form of 3,470,051 Class B units, which are intended to qualify as “profits interests” for U.S. income tax purposes. The Class B units vested 25% on the Effective Date and the remaining amount vest ratably over the following three years, subject to meeting a performance condition described in the agreements. Each Class B unit represents a non-voting equity interest in Holdco that entitles the holder to Holdco distributions, after an applicable hurdle amount is met, such that each Class B unit only participates in Holdco’s increase in value following the grant date. In accordance with the Holdco LLC Agreement, the requirements entitling Class B unitholders to Holdco distributions had not been met as of June 30, 2017 . Class B units can be converted at any time by the holder to Class A-2 units of Holdco or Class A common stock of the Company in accordance with the terms of the Holdco LLC Agreement. Accounting for Share-Based Compensation The Company recognizes expense for share-based compensation over the requisite service period in an amount equal to the fair value of share-based awards granted. The fair value of share-based awards, excluding liability awards, is computed at the date of grant and is not remeasured. The fair value of liability awards is remeasured at each reporting date through the settlement date with the change in fair value recognized as compensation expense over that period. The Company has made a policy decision to recognize compensation expense for service-based awards on a straight-line basis over the requisite service period for the entire award. Beginning in 2017, the Company accounts for forfeitures as they occur. The Company’s restricted stock units are equity-classified and its incentive interest awards in the form of Class B units are liability-classified on the condensed consolidated balance sheet. The fair value of the Company’s restricted stock units was determined based on the fair value of the Company’s shares on the date of grant and the fair value of the incentive interest awards in the form of Class B units was determined based on the estimated amount to settle the awards. Share-Based Compensation Expenses A summary of share-based compensation expenses included on the condensed consolidated statements of operations is presented below: Successor Predecessor Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 (in thousands) General and administrative expenses $ 15,422 $ 4,946 Lease operating expenses — 1,182 Total share-based compensation expenses $ 15,422 $ 6,128 Income tax benefit $ 3,128 $ 2,264 Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands) General and administrative expenses $ 19,599 $ 50,255 $ 14,406 Lease operating expenses — — 4,147 Total share-based compensation expenses $ 19,599 $ 50,255 $ 18,553 Income tax benefit $ 3,555 $ 5,170 $ 6,855

Earnings Per Share_Unit

Earnings Per Share/Unit	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share/Unit	Earnings Per Share/Unit Basic earnings per share/unit is computed by dividing net earnings attributable to stockholders/unitholders by the weighted average number of shares/units outstanding during the period. Diluted earnings per share/unit is computed by adjusting the average number of shares/units outstanding for the dilutive effect, if any, of potential common shares/units. The Company uses the treasury stock method to determine the dilutive effect of restricted stock units and the if-converted method to determine the dilutive effect of Class B units. The following tables provide a reconciliation of the numerators and denominators of the basic and diluted per share/unit computations for net income (loss): Successor Predecessor Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 (in thousands, except per share/unit data) Income from continuing operations $ 223,379 $ 204,691 Allocated to participating securities — (1,617 ) 223,379 203,074 Income (loss) from discontinued operations, net of income taxes (3,322 ) 3,801 $ 220,057 $ 206,875 Weighted average shares/units outstanding – Basic 89,849 352,789 Dilutive effect of restricted stock units 635 — Weighted average shares/units outstanding – Diluted 90,484 352,789 Income from continuing operations per share/unit – Basic $ 2.49 $ 0.58 Income from continuing operations per share/unit – Diluted $ 2.47 $ 0.58 Income (loss) from discontinued operations per share/unit – Basic $ (0.04 ) $ 0.01 Income (loss) from discontinued operations per share/unit – Diluted $ (0.04 ) $ 0.01 Net income per share/unit – Basic $ 2.45 $ 0.59 Net income per share/unit – Diluted $ 2.43 $ 0.59 Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands, except per share/unit data) Income (loss) from continuing operations $ 216,055 $ 2,397,609 $ (9,177 ) Allocated to participating securities — — — 216,055 2,397,609 (9,177 ) Loss from discontinued operations, net of income taxes (3,254 ) (548 ) (1,130,077 ) $ 212,801 $ 2,397,061 $ (1,139,254 ) Weighted average shares/units outstanding – Basic 89,849 352,792 352,511 Dilutive effect of restricted stock units 216 — — Weighted average shares/units outstanding – Diluted 90,065 352,792 352,511 Income (loss) from continuing operations per share/unit – Basic $ 2.41 $ 6.80 $ (0.02 ) Income (loss) from continuing operations per share/unit – Diluted $ 2.40 $ 6.80 $ (0.02 ) Loss from discontinued operations per share/unit – Basic $ (0.04 ) $ (0.01 ) $ (3.21 ) Loss from discontinued operations per share/unit – Diluted $ (0.04 ) $ (0.01 ) $ (3.21 ) Net income (loss) per share/unit – Basic $ 2.37 $ 6.79 $ (3.23 ) Net income (loss) per share/unit – Diluted $ 2.36 $ 6.79 $ (3.23 ) The 3,470,051 Class B units associated with management’s profits interests awards were not considered to be dilutive as the applicable hurdle rate had not been met as of June 30, 2017 , and, therefore, are excluded for the purpose of the diluted earnings per share calculation. The diluted earnings per unit calculation excludes approximately 1 million unit options and warrants that were anti-dilutive for each of the three months and six months ended June 30, 2016 . There were no potential common units outstanding during the two months ended February 28, 2017.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective February 28, 2017, upon consummation of the Plan, the Successor became a C corporation subject to federal and state income taxes. Prior to the consummation of the Plan, the Predecessor was a limited liability company treated as a partnership for federal and state income tax purposes, with the exception of the state of Texas, in which income tax liabilities and/or benefits of the Company were passed through to its unitholders. Limited liability companies are subject to Texas margin tax. In addition, certain of the Predecessor’s subsidiaries were C corporations subject to federal and state income taxes. As such, with the exception of the state of Texas and certain subsidiaries, the Predecessor did not directly pay federal and state income taxes and recognition was not given to federal and state income taxes for the operations of the Predecessor. The effective income tax rates were approximately 42% for each of the three months and four months ended June 30, 2017 , and zero for the two months ended February 28, 2017. The deferred tax effects of the Company’s change to a C corporation are included in income from continuing operations for the two months ended February 28, 2017. Amounts recognized as income taxes are included in “income tax expense (benefit),” as well as discontinued operations, on the condensed consolidated statements of operations.

Supplemental Disclosures to the

Supplemental Disclosures to the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows	6 Months Ended
	Jun. 30, 2017
Supplemental Disclosures to the Condensed Consolidated Statements of Cash Flows [Abstract]
Supplemental Disclosures to the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows	Supplemental Disclosures to the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows “Other current assets” reported on the condensed consolidated balance sheets include the following: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Prepaid expenses $ 58,095 $ 70,116 Inventories 10,984 15,097 Deferred financing fees — 16,809 Other 2,757 3,288 Other current assets $ 71,836 $ 105,310 “Other accrued liabilities” reported on the condensed consolidated balance sheets include the following: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Accrued compensation $ 21,214 $ 16,443 Share-based payment liability 18,517 — Asset retirement obligations (current portion) 8,120 9,361 Deposits for pending divestitures 60,112 — Other 27,453 175 Other accrued liabilities $ 135,416 $ 25,979 Supplemental disclosures to the condensed consolidated statements of cash flows are presented below: Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands) Cash payments for interest, net of amounts capitalized $ 14,436 $ 17,651 $ 92,192 Cash payments for income taxes $ 215 $ — $ 3,033 Cash payments for reorganization items, net $ 6,300 $ 21,571 $ — Noncash investing activities: Accrued capital expenditures $ 34,547 $ 22,191 $ 20,124 For purposes of the condensed consolidated statements of cash flows, the Company considers all highly liquid short-term investments with original maturities of three months or less to be cash equivalents. At June 30, 2017 , “restricted cash” on the condensed consolidated balance sheet consists of approximately $42 million that will be used to settle certain claims and pay certain professional fees in accordance with the Plan (which is the remainder of approximately $80 million transferred to restricted cash in February 2017 to fund such items) and approximately $57 million related to deposits for pending divestitures. At December 31, 2016, “restricted cash” on the condensed consolidated balance sheet represents amounts restricted related to utility services providers. In addition, restricted cash of approximately $8 million is included in “other noncurrent assets” on the condensed consolidated balance sheet at December 31, 2016, and represents cash deposited by the Company into a separate account designated for asset retirement obligations in accordance with contractual agreements. At December 31, 2016, net outstanding checks of approximately $6 million were reclassified and included in “accounts payable and accrued expenses” on the condensed consolidated balance sheet. The change in net outstanding checks is presented as cash flows from financing activities and included in “other” on the condensed consolidated statements of cash flows.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Berry Petroleum Company, LLC Berry, a former subsidiary of the Predecessor, was deconsolidated effective December 3, 2016 (see Note 4). The employees of Linn Operating, Inc. (“LOI”), a subsidiary of the Predecessor, provided services and support to Berry in accordance with an agency agreement and power of attorney between Berry and LOI. Upon deconsolidation, transactions between the Predecessor and Berry were no longer eliminated in consolidation and were treated as related party transactions. These transactions include, but are not limited to, management fees paid to the Company by Berry. On the Effective Date, Berry emerged from bankruptcy as a stand-alone, unaffiliated entity. For the two months ended February 28, 2017, and the three months and the six months ended June 30, 2016 , Berry incurred management fees of approximately $6 million , $18 million and $41 million , respectively, for services provided by LOI. The Predecessor also had accounts payable due to Berry of approximately $3 million included in “accounts payable and accrued expenses” on the condensed consolidated balance sheet at December 31, 2016. In addition, $25 million due to Berry was included in “liabilities subject to compromise” on the Predecessor’s condensed consolidated balance sheet at December 31, 2016. LinnCo, LLC LinnCo, an affiliate of the Predecessor, was formed on April 30, 2012. All of LinnCo’s common shares were held by the public. As of December 31, 2016, LinnCo had no significant assets or operations other than those related to its interest in the Predecessor and owned approximately 71% of the Predecessor’s then outstanding units. In accordance with the Plan, LinnCo will be dissolved following the resolution of all outstanding claims. The Predecessor had agreed to provide to LinnCo, or to pay on LinnCo’s behalf, any financial, legal, accounting, tax advisory, financial advisory and engineering fees, and other administrative and out-of-pocket expenses incurred by LinnCo, along with any other expenses incurred in connection with any public offering of shares in LinnCo or incurred as a result of being a publicly traded entity. These expenses include costs associated with annual, quarterly and other reports to holders of LinnCo shares, tax return and Form 1099 preparation and distribution, NASDAQ listing fees, printing costs, independent auditor fees and expenses, legal counsel fees and expenses, limited liability company governance and compliance expenses and registrar and transfer agent fees. In addition, the Predecessor had agreed to indemnify LinnCo and its officers and directors for damages suffered or costs incurred (other than income taxes payable by LinnCo) in connection with carrying out LinnCo’s activities. All expenses and costs paid by the Predecessor on LinnCo’s behalf were expensed by the Predecessor. For the two months ended February 28, 2017, LinnCo incurred total general and administrative expenses of approximately $287,000 , including approximately $240,000 related to services provided by the Predecessor. All of the expenses incurred during the two months ended February 28, 2017, had been paid by the Predecessor on LinnCo’s behalf as of February 28, 2017. For the three months and six months ended June 30, 2016 , LinnCo incurred total general and administrative expenses, reorganization expenses and offering costs of approximately $2.5 million and $4.2 million , respectively, including approximately $603,000 and $1.2 million , respectively, related to services provided by the LINN Energy. Of the expenses and costs incurred during the six months ended June 30, 2016 , approximately $4.0 million had been paid by LINN Energy on LinnCo’s behalf as of June 30, 2016 .

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests	6 Months Ended
	Jun. 30, 2017
Redeemable Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Redeemable Noncontrolling Interests Redeemable noncontrolling interests on the condensed consolidated balance sheet as of June 30, 2017 , relate to the noncontrolling Class B unitholders of Holdco. Class B units can be converted at any time by the holder to Class A-2 units of Holdco or Class A common stock of the Company in accordance with the terms of the Holdco LLC Agreement. As of June 30, 2017 , the redeemable noncontrolling interests of approximately $28 million presented as temporary equity on the condensed consolidated balance sheet consists solely of the noncash share-based compensation related to the vested portion of the incentive interest awards in the form of Class B units issued to certain members of management (see Note 12). In accordance with the Holdco LLC Agreement, the requirements entitling Class B unitholders to Holdco distributions had not been met as of June 30, 2017 , and, therefore, no allocation of net income (loss) was made to the redeemable noncontrolling interests for the four months ended June 30, 2017 .

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business LINN Energy is an independent oil and natural gas company that was formed in February 2017, in connection with the reorganization of the Predecessor. The Predecessor was publicly traded from January 2006 to February 2017. As discussed further in Note 2, on May 11, 2016 (the “Petition Date”), Linn Energy, LLC, certain of its direct and indirect subsidiaries, and LinnCo (collectively, the “LINN Debtors”) and Berry (collectively with the LINN Debtors, the “Debtors”), filed voluntary petitions (“Bankruptcy Petitions”) for relief under Chapter 11 of the U.S. Bankruptcy Code (“Bankruptcy Code”) in the U.S. Bankruptcy Court for the Southern District of Texas (“Bankruptcy Court”). The Debtors’ Chapter 11 cases were administered jointly under the caption In re Linn Energy, LLC, et al., Case No. 16-60040. During the pendency of the Chapter 11 proceedings, the Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code. The Company emerged from bankruptcy effective February 28, 2017. The Company’s properties are currently located in seven operating regions in the United States (“U.S.”), in the Rockies, the Hugoton Basin, the Mid-Continent, east Texas and north Louisiana (“TexLa”), the Permian Basin, Michigan/Illinois and south Texas.
Principles of Consolidation and Reporting	Principles of Consolidation and Reporting The information reported herein reflects all normal recurring adjustments that are, in the opinion of management, necessary for the fair presentation of the results for the interim periods. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted under Securities and Exchange Commission (“SEC”) rules and regulations; as such, this report should be read in conjunction with the financial statements and notes in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The results reported in these unaudited condensed consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire year. The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation. Investments in noncontrolled entities over which the Company exercises significant influence are accounted for under the equity method. Redeemable noncontrolling interests on the condensed consolidated balance sheet as of June 30, 2017, relate to the noncontrolling Class B unitholders of the Company’s subsidiary, Linn Energy Holdco LLC (“Holdco”). See Note 12 and Note 17 for additional information. The condensed consolidated financial statements for previous periods include certain reclassifications that were made to conform to current presentation. In addition, the Company has classified the assets and liabilities of its California properties, as well as the results of operations and cash flows of its California properties and Berry, as discontinued operations on its condensed consolidated financial statements. Such reclassifications have no impact on previously reported net income (loss), stockholders’/unitholders’ equity (deficit) or cash flows.
Use of Estimates	Use of Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management of the Company to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amount of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. The estimates that are particularly significant to the financial statements include estimates of the Company’s reserves of oil, natural gas and natural gas liquids (“NGL”), future cash flows from oil and natural gas properties, depreciation, depletion and amortization, asset retirement obligations, certain revenues and operating expenses, fair values of commodity derivatives and fair values of assets acquired and liabilities assumed. In addition, as part of fresh start accounting, the Company made estimates and assumptions related to its reorganization value, liabilities subject to compromise, the fair value of assets and liabilities recorded as a result of the adoption of fresh start accounting and income taxes. As fair value is a market-based measurement, it is determined based on the assumptions that market participants would use. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates. Any changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In November 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) that is intended to address diversity in the classification and presentation of changes in restricted cash on the statement of cash flows. This ASU will be applied retrospectively as of the date of adoption and is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years (early adoption permitted). The Company is currently evaluating the impact of the adoption of this ASU on its financial statements and related disclosures. The adoption of this ASU is expected to result in the inclusion of restricted cash in the beginning and ending balances of cash on the statements of cash flows and disclosure reconciling cash and cash equivalents presented on the balance sheets to cash, cash equivalents and restricted cash on the statements of cash flows. In March 2016, the FASB issued an ASU that is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The Company adopted this ASU on January 1, 2017. The adoption of this ASU had no impact on the Company’s historical financial statements or related disclosures. Upon adoption and subsequently this ASU will result in excess tax benefits, which were previously recorded in equity on the balance sheets and classified as financing activities on the statements of cash flows, being recorded in the statements of operations and classified as operating activities on the statements of cash flows. Additionally, the Company elected to begin accounting for forfeitures as they occur. In February 2016, the FASB issued an ASU that is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet. This ASU will be applied retrospectively as of the date of adoption and is effective for fiscal years beginning after December 15, 2018, and interim periods within those years (early adoption permitted). The Company is currently evaluating the impact of the adoption of this ASU on its financial statements and related disclosures. The Company expects the adoption of this ASU to impact its balance sheets resulting from an increase in both assets and liabilities related to the Company’s leasing activities. In May 2014, the FASB issued an ASU that is intended to improve and converge the financial reporting requirements for revenue from contracts with customers. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within those years (early adoption permitted for fiscal years beginning after December 15, 2016, including interim periods within that year). The Company does not plan to early adopt this ASU. The Company is currently evaluating the impact of the adoption of this ASU on its financial statements and related disclosures. The Company expects to use the cumulative-effect transition method, has completed an initial review of its contracts and is developing accounting policies to address the provisions of the ASU, but has not finalized any estimates of the potential impacts.

Emergence From Voluntary Reor26

Emergence From Voluntary Reorganization Under Chapter 11 (Tables)	6 Months Ended
	Jun. 30, 2017
Emergence From Voluntary Reorganization Under Chapter 11 [Abstract]
Schedule of liabilities subject to compromise [Table Text Block]	The following table summarizes the components of liabilities subject to compromise included on the condensed consolidated balance sheet: Predecessor December 31, 2016 (in thousands) Accounts payable and accrued expenses $ 137,692 Accrued interest payable 144,184 Debt 4,023,129 Liabilities subject to compromise $ 4,305,005
Schedule of Reorganization Items [Table Text Block]	The following tables summarize the components of reorganization items included on the condensed consolidated statements of operations: Successor Predecessor Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 (in thousands) Legal and other professional advisory fees $ (3,446 ) $ (13,451 ) Unamortized deferred financing fees, discounts and premiums — (52,045 ) Gain related to interest payable on Predecessor’s Second Lien Notes — 551,000 Other 69 294 Reorganization items, net $ (3,377 ) $ 485,798 Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands) Gain on settlement of liabilities subject to compromise $ — $ 3,724,750 $ — Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement — (1,000,000 ) — Fresh start valuation adjustments — (591,525 ) — Income tax benefit related to implementation of the Plan — 264,889 — Legal and other professional advisory fees (6,016 ) (46,961 ) (13,451 ) Unamortized deferred financing fees, discounts and premiums — — (52,045 ) Gain related to interest payable on Predecessor’s Second Lien Notes — — 551,000 Terminated contracts — (6,915 ) — Other 74 (13,049 ) 294 Reorganization items, net $ (5,942 ) $ 2,331,189 $ 485,798

Fresh Start Accounting (Tables)

Fresh Start Accounting (Tables)	6 Months Ended
	Jun. 30, 2017
Fresh Start Accounting [Abstract]
Adjustments to determine equity value	Adjustments to determine the equity value are presented below (in thousands): Plan confirmed enterprise value $ 2,350,000 Fair value of debt (900,000 ) Fair value of subsequently determined tax attributes 621,486 Fair value of vested Class B units (36,505 ) Value of Successor’s stockholders’ equity $ 2,034,981
Fresh-Start Adjustments	The explanatory notes provide additional information with regard to the adjustments recorded, the methods used to determine the fair values and significant assumptions. As of February 28, 2017 Predecessor Reorganization Adjustments (1) Fresh Start Adjustments Successor (in thousands) ASSETS Current assets: Cash and cash equivalents $ 734,166 $ (679,811 ) (2) $ — $ 54,355 Accounts receivable – trade, net 212,099 — (7,808 ) (16) 204,291 Derivative instruments 15,391 — — 15,391 Restricted cash 1,602 80,164 (3) — 81,766 Other current assets 106,426 (15,983 ) (4) 1,780 (17) 92,223 Total current assets 1,069,684 (615,630 ) (6,028 ) 448,026 Noncurrent assets: Oil and natural gas properties (successful efforts method) 13,269,035 — (11,082,258 ) (18) 2,186,777 Less accumulated depletion and amortization (10,044,240 ) — 10,044,240 (18) — 3,224,795 — (1,038,018 ) 2,186,777 Other property and equipment 641,586 — (197,653 ) (19) 443,933 Less accumulated depreciation (230,952 ) — 230,952 (19) — 410,634 — 33,299 443,933 Derivative instruments 4,492 — — 4,492 Deferred income taxes — 264,889 (5) 356,597 (5) 621,486 Other noncurrent assets 15,003 151 (6) 8,139 (20) 23,293 19,495 265,040 364,736 649,271 Total noncurrent assets 3,654,924 265,040 (639,983 ) 3,279,981 Total assets $ 4,724,608 $ (350,590 ) $ (646,011 ) $ 3,728,007 LIABILITIES AND EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued expenses $ 324,585 $ 41,266 (7) $ (2,351 ) (21) $ 363,500 Derivative instruments 7,361 — — 7,361 Current portion of long-term debt, net 1,937,822 (1,912,822 ) (8) — 25,000 Other accrued liabilities 41,251 (1,026 ) (9) 1,104 (22) 41,329 Total current liabilities 2,311,019 (1,872,582 ) (1,247 ) 437,190 Derivative instruments 2,116 — — 2,116 Long-term debt — 875,000 (10) — 875,000 Other noncurrent liabilities 402,776 (167 ) (11) (53,239 ) (23) 349,370 Liabilities subject to compromise 4,301,912 (4,301,912 ) (12) — — Temporary equity: Redeemable noncontrolling interests — 29,350 (13) — 29,350 As of February 28, 2017 Predecessor Reorganization Adjustments (1) Fresh Start Adjustments Successor Stockholders’/unitholders’ equity (deficit): Predecessor units issued and outstanding 5,386,812 (5,386,812 ) (14) — — Predecessor accumulated deficit (7,680,027 ) 2,884,740 (15) 4,795,287 (24) — Successor Class A common stock — 89 (14) — 89 Successor additional paid-in capital — 7,421,704 (14) (5,386,812 ) (24) 2,034,892 Successor retained earnings — — — — Total stockholders’/unitholders’ equity (deficit) (2,293,215 ) 4,919,721 (591,525 ) 2,034,981 Total liabilities and equity (deficit) $ 4,724,608 $ (350,590 ) $ (646,011 ) $ 3,728,007 Reorganization Adjustments: 1) Represent amounts recorded as of the Effective Date for the implementation of the Plan, including, among other items, settlement of the Predecessor’s liabilities subject to compromise, repayment of certain of the Predecessor’s debt, cancellation of the Predecessor’s equity, issuances of the Successor’s Class A common stock, proceeds received from the Successor’s rights offerings and issuance of the Successor’s debt. 2) Changes in cash and cash equivalents included the following: (in thousands) Borrowings under the Successor’s revolving loan $ 600,000 Borrowings under the Successor’s term loan 300,000 Proceeds from rights offerings 530,019 Removal of restriction on cash balance 1,602 Payment to holders of claims under the Predecessor Credit Facility (1,947,357 ) Payment to holders of claims under the Second Lien Notes (30,000 ) Payment of Berry’s ad valorem taxes (23,366 ) Payment of the rights offerings backstop commitment premium (15,900 ) Payment of professional fees (13,043 ) Funding of the professional fees escrow account (41,766 ) Funding of the general unsecured claims cash distribution pool (40,000 ) Changes in cash and cash equivalents $ (679,811 ) 3) Primarily reflects the transfer to restricted cash to fund the Predecessor’s professional fees escrow account and general unsecured claims cash distribution pool. 4) Primarily reflects the write-off of the Predecessor’s deferred financing fees. 5) Reflects deferred tax assets recorded as of the Effective Date as determined in accordance with ASC 740. The deferred tax assets were primarily the result of the conversion from a limited liability company to a C corporation and differences in the accounting basis and tax basis of the Company’s oil and natural gas properties as of the Effective Date. 6) Reflects the capitalization of deferred financing fees related to the Successor’s revolving loan. 7) Net increase in accounts payable and accrued expenses reflects: (in thousands) Recognition of payables for the professional fees escrow account $ 41,766 Recognition of payables for the general unsecured claims cash distribution pool 40,000 Payment of professional fees (17,130 ) Payment of Berry’s ad valorem taxes (23,366 ) Other (4 ) Net increase in accounts payable and accrued expenses $ 41,266 8) Reflects the settlement of the Predecessor Credit Facility through repayment of approximately $1.9 billion , net of the write-off of deferred financing fees and an increase of $25 million for the current portion of the Successor’s term loan. 9) Reflects a decrease of approximately $8 million for the payment of accrued interest on the Predecessor Credit Facility partially offset by an increase of approximately $7 million related to noncash share-based compensation classified as a liability related to the incentive interest awards issued by Holdco to certain members of its management (see Note 12). 10) Reflects borrowings of $900 million under the Successor Credit Facility, which includes a $600 million revolving loan and a $300 million term loan, net of $25 million for the current portion of the Successor’s term loan. 11) Reflects a reduction in deferred tax liabilities as determined in accordance with ASC 740. 12) Settlement of liabilities subject to compromise and the resulting net gain were determined as follows: (in thousands) Accounts payable and accrued expenses $ 134,599 Accrued interest payable 144,184 Debt 4,023,129 Total liabilities subject to compromise 4,301,912 Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement 1,000,000 Funding of the general unsecured claims cash distribution pool (40,000 ) Payment to holders of claims under the Second Lien Notes (30,000 ) Issuance of Class A common stock to creditors (1,507,162 ) Gain on settlement of liabilities subject to compromise $ 3,724,750 13) Reflects redeemable noncontrolling interests classified as temporary equity related to the incentive interest awards issued by Holdco to certain members of its management. See Note 12 and Note 17 for additional information. 14) Net increase in capital accounts reflects: (in thousands) Issuance of Class A common stock to creditors $ 1,507,162 Issuance of Class A common stock pursuant to the rights offerings 530,019 Payment of the rights offerings backstop commitment premium (15,900 ) Payment of issuance costs (50 ) Share-based compensation expenses 13,750 Cancellation of the Predecessor’s units issued and outstanding 5,386,812 Par value of Class A common stock (89 ) Change in additional paid-in capital 7,421,704 Par value of Class A common stock 89 Predecessor’s units issued and outstanding (5,386,812 ) Net increase in capital accounts $ 2,034,981 See Note 11 for additional information on the issuances of the Successor’s equity. 15) Net decrease in accumulated deficit reflects: (in thousands) Recognition of gain on settlement of liabilities subject to compromise $ 3,724,750 Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement (1,000,000 ) Recognition of professional fees (37,680 ) Write-off of deferred financing fees (16,728 ) Recognition of deferred income taxes 264,889 Total reorganization items, net 2,935,231 Share-based compensation expenses (50,255 ) Other (236 ) Net decrease in accumulated deficit $ 2,884,740 Fresh Start Adjustments: 16) Reflects a change in accounting policy from the entitlements method to the sales method for natural gas production imbalances. 17) Reflects the recognition of intangible assets for the current portion of favorable leases, partially offset by decreases for well equipment inventory and the write-off of historical intangible assets. 18) Reflects a decrease of oil and natural gas properties, based on the methodology discussed above, and the elimination of accumulated depletion and amortization. The following table summarizes the components of oil and natural gas properties as of the Effective Date: Successor Predecessor Fair Value Historical Book Value (in thousands) Proved properties $ 2,186,777 $ 12,258,835 Unproved properties — 1,010,200 2,186,777 13,269,035 Less accumulated depletion and amortization — (10,044,240 ) $ 2,186,777 $ 3,224,795 19) Reflects a decrease of other property and equipment and the elimination of accumulated depreciation. The following table summarizes the components of other property and equipment as of the Effective Date: Successor Predecessor Fair Value Historical Book Value (in thousands) Natural gas plants and pipelines $ 342,924 $ 426,914 Office equipment and furniture 39,211 106,059 Buildings and leasehold improvements 32,817 66,023 Vehicles 16,980 30,760 Land 7,747 3,727 Drilling and other equipment 4,254 8,103 443,933 641,586 Less accumulated depreciation — (230,952 ) $ 443,933 $ 410,634 In estimating the fair value of other property and equipment, the Company used a combination of cost and market approaches. A cost approach was used to value the Company’s natural gas plants and pipelines and other operating assets, based on current replacement costs of the assets less depreciation based on the estimated economic useful lives of the assets and age of the assets. A market approach was used to value the Company’s vehicles and land, using recent transactions of similar assets to determine the fair value from a market participant perspective. 20) Reflects the recognition of intangible assets for the noncurrent portion of favorable leases, as well as increases in equity method investments and carbon credit allowances. Assets and liabilities for out-of-market contracts were valued based on market terms as of February 28, 2017, and will be amortized over the remaining life of the respective lease. The Company’s equity method investments were valued based on a market approach using a market EBITDA multiple. Carbon credit allowances were valued using a market approach based on trading prices for carbon credits on February 28, 2017. 21) Primarily reflects the write-off of deferred rent partially offset by an increase in carbon emissions liabilities. 22) Reflects an increase of the current portion of asset retirement obligations. 23) Primarily reflects a decrease of approximately $49 million for asset retirement obligations and approximately $5 million for deferred rent, partially offset by an increase of approximately $1 million for carbon emissions liabilities. The fair value of asset retirement obligations were estimated using valuation techniques that convert future cash flows to a single discounted amount. Significant inputs to the valuation include estimates of: (i) plug and abandon costs per well based on existing regulatory requirements; (ii) remaining life per well; (iii) future inflation factors; and (iv) a credit-adjusted risk-free interest rate. Carbon emissions liabilities were valued using a market approach based on trading prices for carbon credits on February 28, 2017. 24) Reflects the cumulative impact of the fresh start accounting adjustments discussed above and the elimination of the Predecessor’s accumulated deficit.

Discontinued Operations, Othe28

Discontinued Operations, Other Divestitures and Joint Venture (Tables)	6 Months Ended
	Jun. 30, 2017
Discontinued Operations [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]	The following table presents carrying amounts of the assets and liabilities of the Company’s California properties classified as discontinued operations on the condensed consolidated balance sheets: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Assets: Oil and natural gas properties $ 213,442 $ 728,190 Other property and equipment 11,339 11,402 Other 10,862 1,435 Total assets of discontinued operations $ 235,643 $ 741,027 Liabilities: Asset retirement obligations $ 26,774 $ 38,042 Other 1,444 1,481 Total liabilities of discontinued operations $ 28,218 $ 39,523
Discontinued operations, summarized statements of operations	The following tables present summarized financial results of the Company’s California properties and Berry classified as discontinued operations on the condensed consolidated statements of operations: Successor Predecessor Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 (in thousands) Revenues and other $ 20,511 $ 129,245 Expenses 25,935 156,176 Other income and (expenses) (2,074 ) (18,190 ) Reorganization items, net — 49,086 Income (loss) from discontinued operations before income taxes (7,498 ) 3,965 Income tax expense (benefit) (4,176 ) 164 Income (loss) from discontinued operations, net of income taxes $ (3,322 ) $ 3,801 Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands) Revenues and other $ 27,636 $ 14,891 $ 235,949 Expenses 30,344 13,758 1,375,480 Other income and (expenses) (2,791 ) (1,681 ) (39,470 ) Reorganization items, net — — 49,086 Loss from discontinued operations before income taxes (5,499 ) (548 ) (1,129,915 ) Income tax expense (benefit) (2,245 ) — 162 Loss from discontinued operations, net of income taxes $ (3,254 ) $ (548 ) $ (1,130,077 )
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	The following table presents carrying amounts of the assets and liabilities of the Company’s properties classified as held for sale on the condensed consolidated balance sheet: Successor June 30, 2017 (in thousands) Assets: Oil and natural gas properties $ 224,918 Other property and equipment 11,070 Other 433 Total assets held for sale $ 236,421 Liabilities: Asset retirement obligations $ 21,210 Other 15,177 Total liabilities held for sale $ 36,387

Oil and Natural Gas Properties

Oil and Natural Gas Properties (Tables)	6 Months Ended
	Jun. 30, 2017
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Capitalized Costs Related to Oil, Natural Gas and NGL Production Activities	Aggregate capitalized costs related to oil, natural gas and NGL production activities with applicable accumulated depletion and amortization are presented below: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Proved properties $ 1,443,916 $ 11,350,257 Unproved properties 194 998,860 1,444,110 12,349,117 Less accumulated depletion and amortization (37,572 ) (9,843,908 ) $ 1,406,538 $ 2,505,209

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following summarizes the Company’s outstanding debt: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands, except percentages) Successor revolving loan (1) $ 183,430 $ — Predecessor credit facility (2) — 1,654,745 Predecessor term loan (2) — 284,241 6.50% senior notes due May 2019 — 562,234 6.25% senior notes due November 2019 — 581,402 8.625% senior notes due April 2020 — 718,596 12.00% senior secured second lien notes due December 2020 — 1,000,000 7.75% senior notes due February 2021 — 779,474 6.50% senior notes due September 2021 — 381,423 Net unamortized deferred financing fees — (1,257 ) Total debt, net 183,430 5,960,858 Less current portion, net (3) — (1,937,729 ) Less liabilities subject to compromise (4) — (4,023,129 ) Long-term debt $ 183,430 $ — (1) Variable interest rate of 4.59% at June 30, 2017 . (2) Variable interest rate of 5.50% at December 31, 2016 . (3) Due to covenant violations, the Predecessor’s credit facility and term loan were classified as current at December 31, 2016 . (4) The Predecessor’s senior notes and Second Lien Notes were classified as liabilities subject to compromise at December 31, 2016 . On the Effective Date, pursuant to the terms of the Plan, all outstanding amounts under these debt instruments were canceled.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	Predecessor December 31, 2016 Carrying Value Fair Value (in thousands) Senior secured second lien notes $ 1,000,000 $ 863,750 Senior notes, net 3,023,129 1,179,224

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents derivative positions for the periods indicated as of June 30, 2017 : July 1 – December 31, 2017 2018 2019 Natural gas positions: Fixed price swaps (NYMEX Henry Hub): Hedged volume (MMMBtu) 68,080 47,815 11,315 Average price ($/MMBtu) $ 3.17 $ 3.01 $ 2.97 Oil positions: Fixed price swaps (NYMEX WTI): Hedged volume (MBbls) 2,208 548 — Average price ($/Bbl) $ 52.13 $ 54.07 $ — Collars (NYMEX WTI): Hedged volume (MBbls) — 1,825 1,825 Average floor price ($/Bbl) $ — $ 50.00 $ 50.00 Average ceiling price ($/Bbl) $ — $ 55.50 $ 55.50
Fair Value of Derivatives Outstanding on a Gross Basis by Location on the Balance Sheets	The following table summarizes the fair value of derivatives outstanding on a gross basis: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Assets: Commodity derivatives $ 55,058 $ 19,369 Liabilities: Commodity derivatives $ 18,826 $ 113,226

Fair Value Measurements on a 32

Fair Value Measurements on a Recurring Basis (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring Basis	The following presents the fair value hierarchy for assets and liabilities measured at fair value on a recurring basis: Successor June 30, 2017 Level 2 Netting (1) Total (in thousands) Assets: Commodity derivatives $ 55,058 $ (18,340 ) $ 36,718 Liabilities: Commodity derivatives $ 18,826 $ (18,340 ) $ 486 Predecessor December 31, 2016 Level 2 Netting (1) Total (in thousands) Assets: Commodity derivatives $ 19,369 $ (19,369 ) $ — Liabilities: Commodity derivatives $ 113,226 $ (19,369 ) $ 93,857 (1) Represents counterparty netting under agreements governing such derivatives.

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations Reconciliation	The following table presents a reconciliation of the Company’s asset retirement obligations (in thousands): Asset retirement obligations at December 31, 2016 (Predecessor) $ 402,162 Liabilities added from drilling 146 Accretion expense 4,024 Settlements (618 ) Asset retirement obligations at February 28, 2017 (Predecessor) $ 405,714 Fresh start adjustment (1) (48,317 ) Asset retirement obligations at February 28, 2017 (Successor) $ 357,397 Liabilities added from drilling 277 Liabilities associated with assets sold (43,507 ) Liabilities associated with assets held for sale (21,210 ) Liabilities associated with discontinued operations (26,774 ) Accretion expense 7,107 Settlements (3,172 ) Asset retirement obligations at June 30, 2017 (Successor) $ 270,118 (1) As a result of the application of fresh start accounting, the Successor recorded its asset retirement obligations at fair value as of the Effective Date.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share/Unit-Based Compensation	A summary of share-based compensation expenses included on the condensed consolidated statements of operations is presented below: Successor Predecessor Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 (in thousands) General and administrative expenses $ 15,422 $ 4,946 Lease operating expenses — 1,182 Total share-based compensation expenses $ 15,422 $ 6,128 Income tax benefit $ 3,128 $ 2,264 Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands) General and administrative expenses $ 19,599 $ 50,255 $ 14,406 Lease operating expenses — — 4,147 Total share-based compensation expenses $ 19,599 $ 50,255 $ 18,553 Income tax benefit $ 3,555 $ 5,170 $ 6,855

Earnings Per Share_Unit (Tables

Earnings Per Share/Unit (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following tables provide a reconciliation of the numerators and denominators of the basic and diluted per share/unit computations for net income (loss): Successor Predecessor Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 (in thousands, except per share/unit data) Income from continuing operations $ 223,379 $ 204,691 Allocated to participating securities — (1,617 ) 223,379 203,074 Income (loss) from discontinued operations, net of income taxes (3,322 ) 3,801 $ 220,057 $ 206,875 Weighted average shares/units outstanding – Basic 89,849 352,789 Dilutive effect of restricted stock units 635 — Weighted average shares/units outstanding – Diluted 90,484 352,789 Income from continuing operations per share/unit – Basic $ 2.49 $ 0.58 Income from continuing operations per share/unit – Diluted $ 2.47 $ 0.58 Income (loss) from discontinued operations per share/unit – Basic $ (0.04 ) $ 0.01 Income (loss) from discontinued operations per share/unit – Diluted $ (0.04 ) $ 0.01 Net income per share/unit – Basic $ 2.45 $ 0.59 Net income per share/unit – Diluted $ 2.43 $ 0.59 Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands, except per share/unit data) Income (loss) from continuing operations $ 216,055 $ 2,397,609 $ (9,177 ) Allocated to participating securities — — — 216,055 2,397,609 (9,177 ) Loss from discontinued operations, net of income taxes (3,254 ) (548 ) (1,130,077 ) $ 212,801 $ 2,397,061 $ (1,139,254 ) Weighted average shares/units outstanding – Basic 89,849 352,792 352,511 Dilutive effect of restricted stock units 216 — — Weighted average shares/units outstanding – Diluted 90,065 352,792 352,511 Income (loss) from continuing operations per share/unit – Basic $ 2.41 $ 6.80 $ (0.02 ) Income (loss) from continuing operations per share/unit – Diluted $ 2.40 $ 6.80 $ (0.02 ) Loss from discontinued operations per share/unit – Basic $ (0.04 ) $ (0.01 ) $ (3.21 ) Loss from discontinued operations per share/unit – Diluted $ (0.04 ) $ (0.01 ) $ (3.21 ) Net income (loss) per share/unit – Basic $ 2.37 $ 6.79 $ (3.23 ) Net income (loss) per share/unit – Diluted $ 2.36 $ 6.79 $ (3.23 )

Supplemental Disclosures to t36

Supplemental Disclosures to the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows (Tables)	6 Months Ended
	Jun. 30, 2017
Supplemental Disclosures to the Condensed Consolidated Statements of Cash Flows [Abstract]
Other Current Assets	“Other current assets” reported on the condensed consolidated balance sheets include the following: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Prepaid expenses $ 58,095 $ 70,116 Inventories 10,984 15,097 Deferred financing fees — 16,809 Other 2,757 3,288 Other current assets $ 71,836 $ 105,310
Other Current Liabilities	“Other accrued liabilities” reported on the condensed consolidated balance sheets include the following: Successor Predecessor June 30, 2017 December 31, 2016 (in thousands) Accrued compensation $ 21,214 $ 16,443 Share-based payment liability 18,517 — Asset retirement obligations (current portion) 8,120 9,361 Deposits for pending divestitures 60,112 — Other 27,453 175 Other accrued liabilities $ 135,416 $ 25,979
Supplemental Disclosures to the Condensed Consolidated Statements of Cash Flows [Table Text Block]	Supplemental disclosures to the condensed consolidated statements of cash flows are presented below: Successor Predecessor Four Months Ended June 30, 2017 Two Months Ended February 28, 2017 Six Months Ended June 30, 2016 (in thousands) Cash payments for interest, net of amounts capitalized $ 14,436 $ 17,651 $ 92,192 Cash payments for income taxes $ 215 $ — $ 3,033 Cash payments for reorganization items, net $ 6,300 $ 21,571 $ — Noncash investing activities: Accrued capital expenditures $ 34,547 $ 22,191 $ 20,124

Emergence From Voluntary Reor37

Emergence From Voluntary Reorganization Under Chapter 11 Plan of Reorganization (Details) - USD ($)	Feb. 28, 2017	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Equity exchanged	100.00%
Percent of equity sold	49.90%
Stock issued during period	89,229,892
Cash pool for unsecured claims	$ 40,000,000
bankruptcy claim amount	2,500
Line of Credit | Revolving Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,700,000,000
Line of Credit Facility, Current Borrowing Capacity	1,400,000,000
Line of Credit | Term loan [Member]
Debt Instrument [Line Items]
Loans Payable	$ 300,000,000
Senior Secured Notes [Member] | Senior Secured Second Lien Notes Due 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			12.00%
Stock issued during period	17,678,889
Repayments of Long-term Debt	$ 30,000,000
Senior Notes [Member] | Senior Notes Due May 2019
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			6.50%
Senior Notes [Member] | Senior Notes Due November 2019
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			6.25%
Stock issued during period	26,724,396
Senior Notes [Member] | Senior Notes Due April 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			8.625%
Senior Notes [Member] | Senior Notes Due February 2021 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			7.75%
Senior Notes [Member] | Senior Notes Due September 2021
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			6.50%
claims under $2,500 [Member]
Debt Instrument [Line Items]
Cash pool for unsecured claims	$ 2,300,000
claims over $2,500 [Member]
Debt Instrument [Line Items]
Cash pool for unsecured claims	$ 37,700,000
Successor
Debt Instrument [Line Items]
Repayments of Long-term Debt		$ 876,570,000
Backstop commitment premium	4.00%
Successor | Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 1,400,000,000
Rights offering [Member] | Successor
Debt Instrument [Line Items]
Par value of Class A common stock	$ 530,000,000
Stock issued during period	41,359,806
Commitment premium paid in cash [Member] | Successor
Debt Instrument [Line Items]
Backstop commitment premium	3.00%
Commitment premium paid in stock [Member] | Successor
Debt Instrument [Line Items]
Backstop commitment premium	1.00%

Emergence From Voluntary Reor38

Emergence From Voluntary Reorganization Under Chapter 11 Reorganization (Details) - USD ($) $ in Thousands		2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
		Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Predecessor
Liabilities Subject to Compromise
Accounts payable and accrued expenses		$ 134,599					$ 137,692
Accrued interest payable		144,184					144,184
Debt		4,023,129					4,023,129	[1]
Liabilities subject to compromise		4,301,912					$ 4,305,005
Reorganization Items
Gain on settlement of liabilities subject to compromise		3,724,750				$ 0
Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement		(1,000,000)				0
Fresh start valuation adjustments		(591,525)				0
Income tax benefit related to implementation of the Plan		264,889				0
Legal and other professional advisory fees		(46,961)		$ (13,451)		(13,451)
Unamortized deferred financing fees, discounts and premiums		0		(52,045)		(52,045)
Gain related to interest payable on Predecessor’s Second Lien Notes		0		551,000		551,000
Terminated contracts		(6,915)				0
Other		(13,049)		294		294
Total reorganization items, net		$ 2,331,189		$ 485,798		$ 485,798
Successor
Liabilities Subject to Compromise
Debt	[1]		$ 0		$ 0
Liabilities subject to compromise			0		0
Reorganization Items
Gain on settlement of liabilities subject to compromise					0
Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement					0
Fresh start valuation adjustments					0
Income tax benefit related to implementation of the Plan					0
Legal and other professional advisory fees			(3,446)		(6,016)
Unamortized deferred financing fees, discounts and premiums			0		0
Gain related to interest payable on Predecessor’s Second Lien Notes			0		0
Terminated contracts					0
Other			69		74
Total reorganization items, net			$ (3,377)		$ (5,942)
[1]	The Predecessor’s senior notes and Second Lien Notes were classified as liabilities subject to compromise at December 31, 2016. On the Effective Date, pursuant to the terms of the Plan, all outstanding amounts under these debt instruments were canceled.

Fresh Start Accounting Fresh St

Fresh Start Accounting Fresh Start Balance Sheet (Details) - USD ($) $ in Thousands		Jun. 30, 2017		Feb. 28, 2017	Dec. 31, 2016	Jun. 30, 2016
Predecessor
Current assets:
Cash and cash equivalents				$ 734,166
Cash and cash equivalents				54,355	$ 694,857	$ 759,637
Accounts receivable – trade, net				212,099
Accounts receivable – trade, net					198,064
Derivative instruments				15,391	0
Restricted cash				1,602
Restricted cash					1,602
Other current assets				106,426
Other current assets					105,310
Total current assets				1,069,684
Total current assets					1,000,534
Noncurrent assets:
Oil and natural gas properties (successful efforts method)				13,269,035	12,349,117
Less accumulated depletion and amortization				(10,044,240)	(9,843,908)
Oil and natural gas properties, successful efforts method, net				3,224,795	2,505,209
Other property and equipment				641,586
Other property and equipment					618,262
Less accumulated depreciation				230,952
Less accumulated depreciation					(217,724)
Other property and equipment, net				410,634
Other property and equipment, net					400,538
Derivative instruments				4,492	0
Deferred income taxes				0
Deferred income taxes					0
Other noncurrent assets				15,003
Other noncurrent assets					13,984
Noncurrent assets, excluding property, total				19,495
Noncurrent assets, excluding property, total					754,310
Total noncurrent assets				3,654,924	3,660,057
Total assets				4,724,608
Total assets					4,660,591
Current liabilities:
Accounts payable and accrued expenses				324,585
Accounts payable and accrued expenses					295,081
Derivative instruments				7,361	82,508
Current portion of long-term debt, net				1,937,822
Current portion of long-term debt, net	[1]				1,937,729
Other accrued liabilities				41,251
Other accrued liabilities					25,979
Total current liabilities				2,311,019
Total current liabilities					2,341,618
Derivative instruments				2,116	11,349
Long-term debt				0
Long-term debt					0
Other noncurrent liabilities				402,776
Other noncurrent liabilities					360,405
Liabilities subject to compromise				4,301,912
Liabilities subject to compromise				4,301,912	4,305,005
Redeemable noncontrolling interests				0	0
Stockholders’/unitholders’ equity (deficit):
Predecessor units issued and outstanding				5,386,812	5,386,885
Predecessor accumulated deficit				(7,680,027)	(7,783,873)
Successor Class A common stock				0
Successor additional paid-in capital				0
Successor retained earnings				0
Total stockholders’/unitholders’ equity (deficit)				(2,293,215)
Total liabilities and equity (deficit)				4,724,608
Total liabilities and equity (deficit)					$ 4,660,591
Reorganization Adjustments
Current assets:
Cash and cash equivalents				(679,811)
Accounts receivable – trade, net				0
Derivative instruments				0
Restricted cash				80,164
Other current assets				(15,983)
Total current assets				(615,630)
Noncurrent assets:
Oil and natural gas properties (successful efforts method)				0
Less accumulated depletion and amortization				0
Oil and natural gas properties, successful efforts method, net				0
Other property and equipment				0
Less accumulated depreciation				0
Other property and equipment, net				0
Derivative instruments				0
Deferred income taxes				264,889
Other noncurrent assets				151
Noncurrent assets, excluding property, total				265,040
Total noncurrent assets				265,040
Total assets				(350,590)
Current liabilities:
Accounts payable and accrued expenses				41,266
Derivative instruments				0
Current portion of long-term debt, net				(1,912,822)
Other accrued liabilities				(1,026)
Total current liabilities				(1,872,582)
Derivative instruments				0
Long-term debt				875,000
Other noncurrent liabilities				(167)
Liabilities subject to compromise				(4,301,912)
Redeemable noncontrolling interests				29,350
Stockholders’/unitholders’ equity (deficit):
Predecessor units issued and outstanding				(5,386,812)
Predecessor accumulated deficit				2,884,740
Successor Class A common stock				89
Successor additional paid-in capital				7,421,704
Successor retained earnings				0
Total stockholders’/unitholders’ equity (deficit)				4,919,721
Total liabilities and equity (deficit)				(350,590)
Fresh Start Adjustments
Current assets:
Cash and cash equivalents				0
Accounts receivable – trade, net				(7,808)
Derivative instruments				0
Restricted cash				0
Other current assets				1,780
Total current assets				(6,028)
Noncurrent assets:
Oil and natural gas properties (successful efforts method)				(11,082,258)
Less accumulated depletion and amortization				10,044,240
Oil and natural gas properties, successful efforts method, net				(1,038,018)
Other property and equipment				(197,653)
Less accumulated depreciation				230,952
Other property and equipment, net				33,299
Derivative instruments				0
Deferred income taxes				356,597
Other noncurrent assets				8,139
Noncurrent assets, excluding property, total				364,736
Total noncurrent assets				(639,983)
Total assets				(646,011)
Current liabilities:
Accounts payable and accrued expenses				(2,351)
Derivative instruments				0
Current portion of long-term debt, net				0
Other accrued liabilities				1,104
Total current liabilities				(1,247)
Derivative instruments				0
Long-term debt				0
Other noncurrent liabilities				(53,239)
Liabilities subject to compromise				0
Redeemable noncontrolling interests				0
Stockholders’/unitholders’ equity (deficit):
Predecessor units issued and outstanding				0
Predecessor accumulated deficit				4,795,287
Successor Class A common stock				0
Successor additional paid-in capital				(5,386,812)
Successor retained earnings				0
Total stockholders’/unitholders’ equity (deficit)				(591,525)
Total liabilities and equity (deficit)				(646,011)
Successor
Current assets:
Cash and cash equivalents		$ 16,903
Cash and cash equivalents				54,355
Accounts receivable – trade, net		163,935
Accounts receivable – trade, net				204,291
Derivative instruments		23,959		15,391
Restricted cash		98,616
Restricted cash				81,766
Other current assets		71,836
Other current assets				92,223
Total current assets		847,313
Total current assets				448,026
Noncurrent assets:
Oil and natural gas properties (successful efforts method)		1,444,110		2,186,777
Less accumulated depletion and amortization		(37,572)		0
Oil and natural gas properties, successful efforts method, net		1,406,538		2,186,777
Other property and equipment		441,483
Other property and equipment				443,933
Less accumulated depreciation		(12,739)
Less accumulated depreciation				0
Other property and equipment, net		428,744
Other property and equipment, net				443,933
Derivative instruments		12,759		4,492
Deferred income taxes		492,182
Deferred income taxes				621,486
Other noncurrent assets		13,980
Other noncurrent assets				23,293
Noncurrent assets, excluding property, total		518,921
Noncurrent assets, excluding property, total				649,271
Total noncurrent assets		2,354,203		3,279,981
Total assets		3,201,516
Total assets				3,728,007
Current liabilities:
Accounts payable and accrued expenses		268,605
Accounts payable and accrued expenses				363,500
Derivative instruments		486		7,361
Current portion of long-term debt, net		0	[1]	25,000
Current portion of long-term debt, net				25,000
Other accrued liabilities		135,416
Other accrued liabilities				41,329
Total current liabilities		469,112
Total current liabilities				437,190
Derivative instruments		0		2,116
Long-term debt		183,430
Long-term debt				875,000
Other noncurrent liabilities		264,025
Other noncurrent liabilities				349,370
Liabilities subject to compromise		0
Liabilities subject to compromise				0
Redeemable noncontrolling interests		28,132		29,350
Stockholders’/unitholders’ equity (deficit):
Predecessor units issued and outstanding				0
Predecessor accumulated deficit				0
Successor Class A common stock		89		89
Successor additional paid-in capital		2,043,927		2,034,892
Successor retained earnings		212,801		0
Total stockholders’/unitholders’ equity (deficit)				2,034,981
Total liabilities and equity (deficit)		$ 3,201,516
Total liabilities and equity (deficit)				$ 3,728,007
[1]	Due to covenant violations, the Predecessor’s credit facility and term loan were classified as current at December 31, 2016.

Fresh Start Accounting Fresh 40

Fresh Start Accounting Fresh Start Accounting (Details) - USD ($) $ in Thousands		Feb. 28, 2017	Jun. 30, 2017	[1]	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Plan confirmed enterprise value		$ 2,350,000
Fresh start adjustment, increase (decrease) in asset retirement obligations		49,000
Fresh start adjustment, write off of deferred rent		5,000
Fresh start adjustments, write off of carbon emissions liabilities		1,000
Predecessor
Restructuring Cost and Reserve [Line Items]
Current portion of long-term debt, net	[1]				$ 1,937,729
Reorganization Adjustments
Restructuring Cost and Reserve [Line Items]
Payment to holders of claims under the Predecessor Credit Facility		1,947,357
Current portion of long-term debt, net		(1,912,822)
Increase (decrease) in Accrued Interest Payable		8,000
Increase (decrease) in liability for share based compensation		7,000
Proceeds from Lines of Credit		900,000
Borrowings under the Successor’s revolving loan		600,000
Borrowings under the Successor’s term loan		300,000
Successor
Restructuring Cost and Reserve [Line Items]
Plan confirmed enterprise value		2,350,000
Total stockholders’/unitholders’ equity (deficit)		2,034,981
Current portion of long-term debt, net		25,000	$ 0
Fair value of debt		(900,000)
Deferred income taxes		621,486
Fair value of vested Class B units		(36,505)
Other Current Liabilities [Member] | Successor
Restructuring Cost and Reserve [Line Items]
Fair value of vested Class B units		(7,000)
Temporary equity [Member] | Successor
Restructuring Cost and Reserve [Line Items]
Fair value of vested Class B units		$ (29,000)
[1]	Due to covenant violations, the Predecessor’s credit facility and term loan were classified as current at December 31, 2016.

Fresh Start Accounting Fresh 41

Fresh Start Accounting Fresh Start Adjustment Schedules (Details) - USD ($) $ in Thousands		Feb. 28, 2017	Feb. 28, 2017	Jun. 30, 2017		Jun. 30, 2016	Jun. 30, 2017		Jun. 30, 2016	Dec. 31, 2016
Adjustments to determine equity value
Plan confirmed enterprise value		$ 2,350,000	$ 2,350,000
Preconfirmation property and equipment
Fresh start adjustment, increase (decrease) in asset retirement obligations noncurrent		(49,000)
Fresh start adjustment, write off of deferred rent		5,000
Fresh start adjustments, write off of carbon emissions liabilities		1,000
Reorganization Adjustments
Changes in cash and cash equivalents
Borrowings under the Successor’s revolving loan		600,000
Borrowings under the Successor’s term loan		300,000
Proceeds from rights offering		530,019
Removal of restriction on cash balance		(1,602)
Payment to holders of claims under the Predecessor Credit Facility		1,947,357
Payment to holders of claims under the Second Lien Notes		(30,000)
Payment of Berry’s ad valorem taxes		(23,366)
Payment of the rights offering backstop commitment premium		(15,900)
Payment of professional fees		13,043
Funding of the professional fees escrow account		41,766
Funding of the general unsecured claims cash distribution pool		40,000
Changes in cash and cash equivalents		679,811
Increase in accounts payable and accrued expenses
Recognition of payables for the professional fees escrow account		41,766
Recognition of payables for the general unsecured claims cash distribution pool		(40,000)
Payment of professional fees		(17,130)
Payment of Berry’s ad valorem taxes		(23,366)
Other		(4)
Total		41,266
Settlement of liabilities subject to compromise
Liabilities subject to compromise		(4,301,912)	(4,301,912)
Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement		(1,000,000)
Funding of the Predecessor’s general unsecured claims cash distribution pool		(40,000)
Payment to holders of claims under the Second Lien Notes		(30,000)
Issuance of Class A common stock to creditors		(1,507,162)
Gain on settlement of liabilities subject to compromise		3,724,750
Increase in capital account
Issuance of Class A common stock to creditors		(1,507,162)
Proceeds from rights offering		530,019
Payment of the rights offering backstop commitment premium		(15,900)
Payment of issuance costs		(50)
Share-based compensation expenses		50,255
Par value of Class A common stock		(89)
Change in additional paid-in capital		7,421,704	7,421,704
Par value of Class A common stock		(89)
Net increase in capital accounts		2,034,981
Decrease in accumulated deficit
Recognition of gain on settlement of liabilities subject to compromise		3,724,750
Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement		(1,000,000)
Legal and other professional advisory fees		(37,680)
Write-off of deferred financing fees		(16,728)
Recognition of deferred income taxes		(264,889)
Total reorganization items, net		2,935,231
Share-based compensation expenses		(50,255)
Other		(236)
Increase (decrease) in retained earnings (accumulated deficit)		2,884,740
Oil and Gas Property [Abstract]
Oil and natural gas properties (successful efforts method)		0	0
Less accumulated depletion and amortization		0	0
Oil and natural gas properties, successful efforts method, net		0	0
Preconfirmation property and equipment
Current portion of long-term debt, net		(1,912,822)	(1,912,822)
Increase (decrease) in Accrued Interest Payable		(8,000)
Increase (decrease) in liability for share based compensation		7,000
Proceeds from Lines of Credit		900,000
Successor
Adjustments to determine equity value
Plan confirmed enterprise value		2,350,000	2,350,000
Fair value of debt		(900,000)	(900,000)
Fair value of subsequently determined tax attributes		621,486	621,486
Fair value of vested Class B units		(36,505)	(36,505)
Value of Successor’s stockholders’ equity		2,034,981	2,034,981
Changes in cash and cash equivalents
Proceeds from rights offering							$ 0
Removal of restriction on cash balance							0
Increase in accounts payable and accrued expenses
Total							(49,984)
Settlement of liabilities subject to compromise
Debt	[1]			$ 0			0
Liabilities subject to compromise				0			0
Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement							0
Gain on settlement of liabilities subject to compromise							0
Increase in capital account
Proceeds from rights offering							0
Payment of issuance costs							2,973
Decrease in accumulated deficit
Recognition of gain on settlement of liabilities subject to compromise							0
Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement							0
Legal and other professional advisory fees				(3,446)			(6,016)
Write-off of deferred financing fees				0			0
Total reorganization items, net				(3,377)			(5,942)
Oil and Gas Property [Abstract]
Proved properties		2,186,777	2,186,777	1,443,916			1,443,916
Unproved properties		0	0	194			194
Oil and natural gas properties (successful efforts method)		2,186,777	2,186,777	1,444,110			1,444,110
Less accumulated depletion and amortization		0	0	(37,572)			(37,572)
Oil and natural gas properties, successful efforts method, net		2,186,777	2,186,777	1,406,538			1,406,538
Postconfirmation property and equipment
Natural gas plants and pipelines		342,924	342,924
Office equipment and furniture		39,211	39,211
Buildings and leasehold improvements		32,817	32,817
Vehicles		16,980	16,980
Land		7,747	7,747
Drilling and other equipment		4,254	4,254
Other property and equipment		443,933	443,933
Less accumulated depreciation		0	0
Other property and equipment, net		443,933	443,933
Preconfirmation property and equipment
Current portion of long-term debt, net		25,000	25,000	$ 0	[2]		0	[2]
Predecessor
Changes in cash and cash equivalents
Proceeds from rights offering			514,069						$ 0
Removal of restriction on cash balance			80,164						0
Increase in accounts payable and accrued expenses
Total			20,949						47,062
Settlement of liabilities subject to compromise
Accounts payable and accrued expenses		134,599	134,599							$ 137,692
Accrued interest payable		144,184	144,184							144,184
Debt		4,023,129	4,023,129							4,023,129	[1]
Liabilities subject to compromise		4,301,912	4,301,912							4,305,005
Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement			(1,000,000)						0
Gain on settlement of liabilities subject to compromise			3,724,750						0
Increase in capital account
Proceeds from rights offering			514,069						0
Payment of issuance costs			0						623
Cancellation of the Predecessor’s units issued and outstanding			0
Predecessor’s units issued and outstanding			0
Decrease in accumulated deficit
Recognition of gain on settlement of liabilities subject to compromise			3,724,750						0
Recognition of an additional claim for the Predecessor’s Second Lien Notes settlement			(1,000,000)						0
Legal and other professional advisory fees			(46,961)			$ (13,451)			(13,451)
Write-off of deferred financing fees			0			(52,045)			(52,045)
Total reorganization items, net			2,331,189			$ 485,798			$ 485,798
Oil and Gas Property [Abstract]
Proved properties		12,258,835	12,258,835							11,350,257
Unproved properties		1,010,200	1,010,200							998,860
Oil and natural gas properties (successful efforts method)		13,269,035	13,269,035							12,349,117
Less accumulated depletion and amortization		(10,044,240)	(10,044,240)							(9,843,908)
Oil and natural gas properties, successful efforts method, net		3,224,795	3,224,795							2,505,209
Preconfirmation property and equipment
Natural gas plants and pipelines		426,914	426,914
Office equipment and furniture		106,059	106,059
Buildings and leasehold improvements		66,023	66,023
Vehicles		30,760	30,760
Land		3,727	3,727
Drilling and other equipment		8,103	8,103
Other property and equipment		641,586	641,586
Less accumulated depreciation		(230,952)	(230,952)
Other property and equipment, net		410,634	410,634
Current portion of long-term debt, net	[2]									$ 1,937,729
Unitholders’ Capital
Increase in capital account
Share-based compensation expenses		(13,750)
Decrease in accumulated deficit
Share-based compensation expenses		13,750
Unitholders’ Capital | Predecessor
Increase in capital account
Cancellation of the Predecessor’s units issued and outstanding			5,386,812
Predecessor’s units issued and outstanding			5,386,812
Accumulated Deficit | Reorganization Adjustments
Increase in capital account
Cancellation of the Predecessor’s units issued and outstanding		(5,386,812)
Predecessor’s units issued and outstanding		(5,386,812)
Accumulated Deficit | Successor
Increase in capital account
Share-based compensation expenses							0
Par value of Class A common stock							0
Par value of Class A common stock							0
Decrease in accumulated deficit
Share-based compensation expenses							$ 0
Accumulated Deficit | Predecessor
Increase in capital account
Cancellation of the Predecessor’s units issued and outstanding			(5,386,812)
Predecessor’s units issued and outstanding			(5,386,812)
Other Current Liabilities [Member] | Successor
Adjustments to determine equity value
Fair value of vested Class B units		(7,000)	(7,000)
Temporary equity [Member] | Successor
Adjustments to determine equity value
Fair value of vested Class B units		$ (29,000)	$ (29,000)
[1]	The Predecessor’s senior notes and Second Lien Notes were classified as liabilities subject to compromise at December 31, 2016. On the Effective Date, pursuant to the terms of the Plan, all outstanding amounts under these debt instruments were canceled.
[2]	Due to covenant violations, the Predecessor’s credit facility and term loan were classified as current at December 31, 2016.

Discontinued Operations, Othe42

Discontinued Operations, Other Divestitures and Joint Venture (Details) - USD ($) $ in Thousands

Aug. 01, 2017

Jul. 31, 2017

Jul. 24, 2017

Jul. 21, 2017

Jun. 30, 2017

May 31, 2017

May 09, 2017

Feb. 28, 2017

Jun. 30, 2017

Jun. 30, 2016

Jun. 30, 2017

Jun. 30, 2016

Dec. 31, 2016

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Costs Associated With Sale of Oil and Gas Property and Equipment

$ 6,000

Successor

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Group, Including Discontinued Operation, Interest Expense

$ 2,000

$ 3,000

Disposal group, including discontinued operations, impairment

13,000

Assets held for sale

$ 236,421

236,421

236,421

Liabilities held for sale

36,387

36,387

36,387

Predecessor

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Group, Including Discontinued Operation, Interest Expense

$ 2,000

$ 2,000

$ 3,000

Assets held for sale

$ 0

Liabilities held for sale

$ 0

San Joaquin Basin Sale [Member] | Subsequent Event [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from Divestiture of Businesses

$ 257,000

Los Angeles Basin Sale [Member] | Subsequent Event [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from Divestiture of Businesses

$ 94,000

Contingent receivable

$ 7,000

Salt Creek [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from Divestiture of Businesses

76,000

Gain (Loss) on Disposition of Oil and Gas Property

22,000

Jonah [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from Divestiture of Businesses

560,000

Gain (Loss) on Disposition of Oil and Gas Property

$ 279,000

Ward Country Texas [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from Divestiture of Businesses

$ 4,000

South Texas operating region [Member] | Subsequent Event [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from Divestiture of Businesses

$ 9,000

$ 23,000

Permian Basin Operating Region [Member] | Subsequent Event [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from Divestiture of Businesses

$ 21,000

May-June 2017 [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Contractual management fee

6,000

6,000

6,000

March-April 2017 [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Contractual management fee

$ 2,700

$ 2,700

$ 2,700

Discontinued Operations, Othe43

Discontinued Operations, Other Divestitures and Joint Venture Discontinued summary financial information (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Successor
Assets:
Oil and natural gas properties		$ 213,442		$ 213,442
Other property and equipment		11,339		11,339
Other		10,862		10,862
Total assets of discontinued operations		235,643		235,643
Liabilities:
Asset retirement obligations		26,774		26,774
Other		1,444		1,444
Total liabilities of discontinued operations		28,218		28,218
Discontinued operations - Income statement disclosures
Revenues and other		20,511		27,636
Expenses		25,935		30,344
Other income and (expenses)		(2,074)		(2,791)
Reorganization items, net		0		0
Loss from discontinued operations before income taxes		(7,498)		(5,499)
Income tax expense (benefit)		(4,176)		(2,245)
Loss from discontinued operations, net of income taxes		$ (3,322)		$ (3,254)
Predecessor
Assets:
Oil and natural gas properties						$ 728,190
Other property and equipment						11,402
Other						1,435
Total assets of discontinued operations						741,027
Liabilities:
Asset retirement obligations						38,042
Other						1,481
Total liabilities of discontinued operations						$ 39,523
Discontinued operations - Income statement disclosures
Revenues and other	$ 14,891		$ 129,245		$ 235,949
Expenses	13,758		156,176		1,375,480
Other income and (expenses)	(1,681)		(18,190)		(39,470)
Reorganization items, net	0		49,086		49,086
Loss from discontinued operations before income taxes	(548)		3,965		(1,129,915)
Income tax expense (benefit)	0		164		162
Loss from discontinued operations, net of income taxes	$ (548)		$ 3,801		$ (1,130,077)

Discontinued Operations, Othe44

Discontinued Operations, Other Divestitures and Joint Venture Assets held for sale summary financial information (Details) - Successor $ in Thousands	Jun. 30, 2017USD ($)
ASSETS
Oil and natural gas properties	$ 224,918
Other property and equipment	11,070
Other	433
Total assets held for sale	236,421
Liabilities:
Asset retirement obligations	21,210
Other	15,177
Total liabilities held for sale	$ 36,387

Oil and Natural Gas Propertie45

Oil and Natural Gas Properties (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended	4 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]
Impairment of long-lived assets				$ 0
Successor
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]
Proved properties	$ 2,186,777		$ 1,443,916	1,443,916
Unproved properties	0		194	194
Oil and natural gas properties (successful efforts method)	2,186,777		1,444,110	1,444,110
Less accumulated depletion and amortization	0		(37,572)	(37,572)
Oil and natural gas properties, successful efforts method, net	2,186,777		1,406,538	$ 1,406,538
Impairment of long-lived assets			$ 0
Predecessor
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]
Proved properties	12,258,835					$ 11,350,257
Unproved properties	1,010,200					998,860
Oil and natural gas properties (successful efforts method)	13,269,035					12,349,117
Less accumulated depletion and amortization	(10,044,240)					(9,843,908)
Oil and natural gas properties, successful efforts method, net	3,224,795					$ 2,505,209
Impairment of long-lived assets	$ 0	$ 0			$ 123,316

Debt (Details)

Debt (Details) $ in Thousands		Feb. 28, 2017USD ($)	Feb. 28, 2017USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016
Debt Instrument [Line Items]
Contractual Interest Expense on Prepetition Liabilities Not Recognized in Statement of Operations			$ 57,000
Credit Facility | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate						3.50%
Credit Facility | ABR [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate						2.50%
Line of Credit | Credit Facility
Debt Instrument [Line Items]
Line Of Credit Facility Collateral Coverage Ratio				1.1	1.1	1.1
Debt to EBITDAX Ratio				4	4	4
Current Ratio				1	1	1
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage						0.50%
Line Of Credit Facility Portion Of Properties Required To Maintain Mortgages							95.00%
Senior Secured Notes [Member] | Senior Secured Second Lien Notes Due 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							12.00%
Repayments of Long-term Debt		$ 30,000
Senior Notes [Member] | Senior Notes Due September 2021
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							6.50%
Senior Notes [Member] | Senior Notes Due November 2019
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							6.25%
Senior Notes [Member] | Senior Notes Due May 2019
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							6.50%
Senior Notes [Member] | Senior Notes Due April 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							8.625%
Senior Notes [Member] | Senior Notes Due February 2021 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage							7.75%
Loans Payable [Member]
Debt Instrument [Line Items]
Loans Payable		300,000	300,000
Successor
Debt Instrument [Line Items]
Write-off of deferred financing fees				$ 0	$ 0
Line of credit facility, reduction in borrowing base					1,000,000
Repayments of Long-term Debt					876,570
Cash payments for interest, net of amounts capitalized					14,436
Successor | Line of Credit
Debt Instrument [Line Items]
Credit facilities	[1]			183,430	183,430	$ 183,430
Line of Credit Facility, Current Borrowing Capacity		$ 1,400,000	$ 1,400,000
Line of Credit Facility, Remaining Borrowing Capacity				774,000	774,000	774,000
Letters of Credit Outstanding, Amount				$ 7,000	$ 7,000	$ 7,000
[1]	Variable interest rate of 4.59% at June 30, 2017.

Debt Schedule of Long Term Debt

Debt Schedule of Long Term Debt (Details) - USD ($) $ in Thousands		Jun. 30, 2017		Feb. 28, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Senior notes, net					$ 3,023,129
Senior secured second lien notes					$ 1,000,000
Linn Energy, LLC [Member] | Line of Credit | Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End		4.59%			5.50%
Successor
Debt Instrument [Line Items]
Total debt, net		$ 183,430
Less current portion, net		0	[1]	$ (25,000)
Less liabilities subject to compromise	[2]	0
Long-term debt, net		183,430
Successor | Line of Credit
Debt Instrument [Line Items]
Credit facilities	[3]	183,430
Successor | Linn Energy, LLC [Member]
Debt Instrument [Line Items]
Credit facilities		$ 183,000
Predecessor
Debt Instrument [Line Items]
Total debt, net					$ 5,960,858
Less current portion, net	[1]				(1,937,729)
Less liabilities subject to compromise				$ (4,023,129)	(4,023,129)	[2]
Long-term debt, net					0
Predecessor | Line of Credit
Debt Instrument [Line Items]
Credit facilities	[4]				1,654,745
Predecessor | Loans Payable [Member]
Debt Instrument [Line Items]
Term Loan	[4]				284,241
Predecessor | Senior Notes [Member]
Debt Instrument [Line Items]
Net unamortized deferred financing fees (4)					(1,257)
Predecessor | Senior Notes [Member] | Senior Notes Due May 2019
Debt Instrument [Line Items]
Senior notes, net					562,234
Predecessor | Senior Notes [Member] | Senior Notes Due November 2019
Debt Instrument [Line Items]
Senior notes, net					581,402
Predecessor | Senior Notes [Member] | Senior Notes Due 2020 [Member]
Debt Instrument [Line Items]
Senior notes, net					718,596
Predecessor | Senior Notes [Member] | Senior Notes Due September 2021
Debt Instrument [Line Items]
Senior notes, net					381,423
Predecessor | Senior Notes [Member] | Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Senior notes, net					779,474
Predecessor | Senior Secured Notes [Member] | Senior Secured Second Lien Notes Due 2020 [Member]
Debt Instrument [Line Items]
Senior secured second lien notes					$ 1,000,000
[1]	Due to covenant violations, the Predecessor’s credit facility and term loan were classified as current at December 31, 2016.
[2]	The Predecessor’s senior notes and Second Lien Notes were classified as liabilities subject to compromise at December 31, 2016. On the Effective Date, pursuant to the terms of the Plan, all outstanding amounts under these debt instruments were canceled.
[3]	Variable interest rate of 4.59% at June 30, 2017.
[4]	Variable interest rate of 5.50% at December 31, 2016.

Debt Debt Fair Value Disclosure

Debt Debt Fair Value Disclosure (Details) $ in Thousands	Dec. 31, 2016USD ($)
Carrying Value
Senior secured second lien notes	$ 1,000,000
Senior notes, net	3,023,129
Fair Value
Senior secured second lien notes	863,750
Senior notes, net	$ 1,179,224

Derivatives (Commodity Derivati

Derivatives (Commodity Derivatives) (Details)	Jun. 30, 2017MMMBTUMBbls$ / bbl$ / MMBTU
Year 2017 [Member] | Natural Gas Commodity Contract [Member] | Swap [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MMMBTU	68,080
Average price (in usd per energy unit) | $ / MMBTU	3.17
Year 2017 [Member] | Oil Commodity Contract [Member] | Swap [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MBbls	2,208
Average price (in usd per energy unit)	52.13
Year 2017 [Member] | Oil Commodity Contract [Member] | Curde Oil Sales - Collars [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MBbls	0
Derivative, Floor Price	0
Derivative, Cap Price	0
Year 2018 [Member] | Natural Gas Commodity Contract [Member] | Swap [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MMMBTU	47,815
Average price (in usd per energy unit) | $ / MMBTU	3.01
Year 2018 [Member] | Oil Commodity Contract [Member] | Swap [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MBbls	548
Average price (in usd per energy unit)	54.07
Year 2018 [Member] | Oil Commodity Contract [Member] | Curde Oil Sales - Collars [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MBbls	1,825
Derivative, Floor Price	50
Derivative, Cap Price	55.50
Year 2019 [Member] | Natural Gas Commodity Contract [Member] | Swap [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MMMBTU	11,315
Average price (in usd per energy unit) | $ / MMBTU	2.97
Year 2019 [Member] | Oil Commodity Contract [Member] | Swap [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MBbls	0
Average price (in usd per energy unit)	0
Year 2019 [Member] | Oil Commodity Contract [Member] | Curde Oil Sales - Collars [Member]
Derivative [Line Items]
Hedged Volume (in energy unit) | MBbls	1,825
Derivative, Floor Price	50
Derivative, Cap Price	55.50

Derivatives (Balance Sheet Pres

Derivatives (Balance Sheet Presentation) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Assets:
Commodity derivatives	$ 55,058	$ 19,369
Liabilities:
Commodity derivatives	18,826	$ 113,226
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure	$ 55,000

Derivatives (Gains (Losses) On

Derivatives (Gains (Losses) On Derivatives) (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Successor
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on oil and natural gas derivatives		$ 45,714		$ 33,755
Derivative, Cash Received on Hedge		$ 2,000		$ 8,000
Predecessor
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on oil and natural gas derivatives	$ 92,691		$ (183,794)		$ (74,341)
Derivative, Cash Received on Hedge	$ (12,000)		$ 522,000		$ 856,000

Fair Value Measurements on a 52

Fair Value Measurements on a Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Assets:
Commodity derivatives		$ 55,058	$ 19,369
Commodity derivatives	[1]	(18,340)	(19,369)
Commodity derivatives		36,718	0
Liabilities:
Commodity derivatives		18,826	113,226
Commodity derivatives	[1]	(18,340)	(19,369)
Commodity derivatives		$ 486	$ 93,857
[1]	Represents counterparty netting under agreements governing such derivatives.

Asset Retirement Obligations (D

Asset Retirement Obligations (Details) - USD ($) $ in Thousands		Feb. 28, 2017	Feb. 28, 2017	Jun. 30, 2017
Predecessor
Recorded Unconditional Purchase Obligation [Line Items]
Beginning of Period			$ 402,162	$ 405,714
Liabilities added from drilling			146
Current year accretion expense			4,024
Settlements			(618)
End of Period		$ 405,714	405,714
Fresh start adjustment	[1]	(48,317)
Successor
Recorded Unconditional Purchase Obligation [Line Items]
Beginning of Period				357,397
Liabilities added from drilling				277
Asset Retirement Obligations, Liabilities Associated With Assets Sold				(43,507)
Liabilities held for sale, asset retirement obligations				(21,210)
Disposal group, including discontinued operations, asset retirement obligations				(26,774)
Current year accretion expense				7,107
Settlements				(3,172)
End of Period		$ 357,397	$ 357,397	$ 270,118
[1]	As a result of the application of fresh start accounting, the Successor recorded its asset retirement obligations at fair value as of the Effective Date.

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Damages Sought, Value	$ 31,000
Payments for Legal Settlements	$ 0	$ 0

Equity (Deficit) Equity Offerin

Equity (Deficit) Equity Offering (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 28, 2017	Jun. 30, 2017	Jun. 28, 2017	Jun. 01, 2017
Schedule of Equity Offerings [Line Items]
Stock issued during period	89,229,892
Common stock par value		$ 0.001
Stock Repurchase Program, Authorized Amount			$ 200,000	$ 75,000
Stock Repurchased During Period, Shares		7,540
Accelerated Share Repurchases, Final Price Paid Per Share		$ 30.48
Accelerated Share Repurchases, Settlement (Payment) or Receipt		$ 230
Successor
Schedule of Equity Offerings [Line Items]
Common shares outstanding	89,229,892	89,242,000
Common stock par value		$ 0.001
Successor | Backstop Commitment Premium [Member]
Schedule of Equity Offerings [Line Items]
Stock issued during period	471,110
Successor | Backstop Commitment Agreement [Member]
Schedule of Equity Offerings [Line Items]
Stock issued during period	2,995,691
Successor | Senior Secured Second Lien Notes Due 2020 [Member]
Schedule of Equity Offerings [Line Items]
Stock issued during period	17,678,889
Successor | Unsecured claims [Member]
Schedule of Equity Offerings [Line Items]
Stock issued during period	26,724,396
Successor | Rights offering [Member]
Schedule of Equity Offerings [Line Items]
Stock issued during period	41,359,806

Share-Based Compensation (Detai

Share-Based Compensation (Details) - shares	Feb. 28, 2017	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement, Shares Reserved for Issuance	6,444,381
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	2,478,606	1,255,345
Class B Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	3,470,051

Share-Based Compensation (Compe

Share-Based Compensation (Compensation Expenses) (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Successor
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share/unit-based compensation expenses		$ 15,422		$ 19,599
Income tax benefit		3,128		3,555
Successor | General and administrative expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share/unit-based compensation expenses		15,422		19,599
Successor | Lease operating expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share/unit-based compensation expenses		$ 0		$ 0
Predecessor
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share/unit-based compensation expenses	$ 50,255		$ 6,128		$ 18,553
Income tax benefit	5,170		2,264		6,855
Predecessor | General and administrative expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share/unit-based compensation expenses	50,255		4,946		14,406
Predecessor | Lease operating expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Share/unit-based compensation expenses	$ 0		$ 1,182		$ 4,147

Earnings Per Share_Unit (Detail

Earnings Per Share/Unit (Details) - shares	2 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Earnings Per Share, Potentially Dilutive Securities	0
Class B Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average anti-dilutive unit equivalents excluded from computation of earnings per unit (in units)		3,470,051
Unit options and warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average anti-dilutive unit equivalents excluded from computation of earnings per unit (in units)			1,000,000	1,000,000

Earnings Per Share_Unit EPS Cal

Earnings Per Share/Unit EPS Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	2 Months Ended	3 Months Ended		4 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Successor
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Income from continuing operations		$ 223,379		$ 216,055
Allocated to participating securities		0		0
Net Income (Loss) Available to Common Shareholders Continuing Operations		223,379		216,055
Income (loss) from discontinued operations, net of income taxes		(3,322)		(3,254)
Net Income (Loss) Available to Common Shareholders		$ 220,057		$ 212,801
Weighted average shares/units outstanding – Basic		89,849		89,849
Dilutive effect of restricted stock units		635		216
Weighted average shares/units outstanding – Diluted		90,484		90,065
Income (loss) from continuing operations per share/unit – Basic		$ 2.49		$ 2.41
Income (loss) from continuing operations per share/unit – Diluted		2.47		2.40
Income (loss) from discontinued operations per share/unit – Basic		(0.04)		(0.04)
Income (loss) from discontinued operations per share/unit – Diluted		(0.04)		(0.04)
Net income (loss) per share/unit – Basic		2.45		2.37
Net income (loss) per share/unit – Diluted		$ 2.43		$ 2.36
Predecessor
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Income from continuing operations	$ 2,397,609		$ 204,691		$ (9,177)
Allocated to participating securities	0		(1,617)		0
Net Income (Loss) Available to Common Shareholders Continuing Operations	2,397,609		203,074		(9,177)
Income (loss) from discontinued operations, net of income taxes	(548)		3,801		(1,130,077)
Net Income (Loss) Available to Common Shareholders	$ 2,397,061		$ 206,875		$ (1,139,254)
Weighted average shares/units outstanding – Basic	352,792		352,789		352,511
Dilutive effect of restricted stock units	0		0		0
Weighted average shares/units outstanding – Diluted	352,792		352,789		352,511
Income (loss) from continuing operations per share/unit – Basic	$ 6.80		$ 0.58		$ (0.02)
Income (loss) from continuing operations per share/unit – Diluted	6.80		0.58		(0.02)
Income (loss) from discontinued operations per share/unit – Basic	(0.01)		0.01		(3.21)
Income (loss) from discontinued operations per share/unit – Diluted	(0.01)		0.01		(3.21)
Net income (loss) per share/unit – Basic	6.79		0.59		(3.23)
Net income (loss) per share/unit – Diluted	$ 6.79		$ 0.59		$ (3.23)

Income Taxes Details (Details)

Income Taxes Details (Details)	2 Months Ended	3 Months Ended	4 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	0.00%	42.00%	42.00%

Supplemental Disclosures to t61

Supplemental Disclosures to the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows (Cash Flows) (Details) - USD ($) $ in Thousands	2 Months Ended	4 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Predecessor
Schedule of supplemental cash flow disclosures [Line Items]
Net Outstanding Checks				$ 6,000
Increase (Decrease) in Restricted Cash for Operating Activities	$ 80,164		$ 0
Cash payments for interest, net of amounts capitalized	17,651		92,192
Cash payments for income taxes	0		3,033
Cash payments for reorganization items, net	21,571		0
Noncash investing activities:
Accrued capital expenditures	$ 22,191		$ 20,124
Successor
Schedule of supplemental cash flow disclosures [Line Items]
Increase (Decrease) in Restricted Cash for Operating Activities		$ 0
Cash payments for interest, net of amounts capitalized		14,436
Cash payments for income taxes		215
Cash payments for reorganization items, net		6,300
Noncash investing activities:
Accrued capital expenditures		$ 34,547

Supplemental Disclosures to t62

Supplemental Disclosures to the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Successor
Other current assets
Prepaid expenses	$ 58,095
Inventories	10,984
Deferred financing fees	0
Other	2,757
Other current assets	71,836
Other accrued liabilities
Accrued compensation	21,214
Share-based payment liability	18,517
Asset retirement obligations (current portion)	8,120
Deposits	60,112
Other	27,453
Other accrued liabilities	135,416
Restricted cash	98,616
Restricted Cash	8,000	$ 8,000
Predecessor
Other current assets
Prepaid expenses		70,116
Inventories		15,097
Deferred financing fees		16,809
Other		3,288
Other current assets		105,310
Other accrued liabilities
Accrued compensation		16,443
Share-based payment liability		0
Asset retirement obligations (current portion)		9,361
Deposits		0
Other		175
Other accrued liabilities		25,979
Restricted cash		$ 1,602
Professional fees [Member] | Successor
Other accrued liabilities
Restricted cash	42,000
Deposits for divestitures [Member] | Successor
Other accrued liabilities
Restricted cash	$ 57,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended	6 Months Ended
	Feb. 28, 2017	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2017	Dec. 31, 2016
Berry [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Other Revenues from Transactions with Related Party	$ 6,000	$ 18,000	$ 41,000
LinnCo [Member]
Related Party Transaction [Line Items]
Ownership percentage				71.00%
General and administrative expenses	287	2,500	4,200
General and administrative expenses paid on behalf of LinnCo			4,000
Related party transaction, amounts of transaction	$ 240	$ 603	$ 1,200
Accounts Payable [Member] | Berry [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current					$ 3,000
Liabilities subject to compromise [Member] | Berry [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current					$ 25,000

Redeemable Noncontrolling Int64

Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Feb. 28, 2017
Successor
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests	$ 28,132	$ 29,350