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Unit-Based Compensation and Other Benefit Plans (Tables) (Linn Energy, LLC [Member])
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Linn Energy, LLC [Member]
   
Defined Benefit Plan Disclosure [Line Items]    
Employee Service Share-Based Compensation Expense
A summary of unit-based compensation expenses included on the condensed consolidated statements of operations is presented below:
 
Three Months Ended
March 31,
 
2013
 
2012
 
(in thousands)
 
 
 
 
General and administrative expenses
$
9,865

 
$
7,622

Lease operating expenses
1,397

 
549

Total unit-based compensation expenses
$
11,262

 
$
8,171

Income tax benefit
$
4,161

 
$
3,019

A summary of unit-based compensation expenses included on the consolidated statements of operations is presented below:
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
 
 
(in thousands)
 
 
 
 
 
 
 
General and administrative expenses
 
$
27,641

 
$
21,131

 
$
13,450

Lease operating expenses
 
1,892

 
1,112

 
342

Total unit-based compensation expenses
 
$
29,533

 
$
22,243

 
$
13,792

 
 
 
 
 
 
 
Income tax benefit
 
$
10,912

 
$
8,219

 
$
5,096

Nonvested Units  
A summary of the status of the nonvested units as of December 31, 2012, is presented below:
 
 
Number of
Nonvested
Units
 
Weighted Average
Grant-Date
Fair Value
 
 
 
 
 
Nonvested units at December 31, 2011
 
1,859,662

 
$
31.54

Granted
 
1,046,590

 
$
37.42

Vested
 
(875,877
)
 
$
27.20

Forfeited
 
(77,244
)
 
$
34.34

Nonvested units at December 31, 2012
 
1,953,131

 
$
36.16

Unit Options Activity  
The following provides information related to unit option activity for the year ended December 31, 2012:
 
 
Number of
Units Underlying Options
 
Weighted Average
Exercise Price Per Unit
 
Weighted Average Remaining Contractual Life in Years
 
Aggregate Intrinsic Value in Millions
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2011
 
1,409,993

 
$
22.14

 
5.83
 
$
22

Granted
 
3,400,000

 
$
40.01

 
 
 
 
Exercised
 
(167,188
)
 
$
21.65

 
 
 
 
Outstanding at December 31, 2012
 
4,642,805

 
$
35.25

 
6.28
 
$
16

 
 
 
 
 
 
 
 
 
Exercisable at December 31, 2012
 
1,242,805

 
$
22.21

 
4.93
 
$
16

Valuation Assumptions  
The fair values of the 2012 unit option grants were based upon the following assumptions:
 
 
2012
 
 
 
Expected volatility
 
34.10
%
Expected distributions
 
7.25
%
Risk-free rate
 
0.67
%
Expected term
 
5 years