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Supplemental Quarterly Data (Unaudited) (Tables)
8 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2012
Linn Energy, LLC [Member]
Quarterly Financial Data
Quarterly Financial Data
 
 
Period
 
 
April 30 (Inception) To June 30
 
July 1 To September 30
 
October 1 To December 31
 
 
(in thousands, except per share amount)
2012:
 
 
 
 
 
 
Equity income from investment in Linn Energy, LLC
 
$

 
$

 
$
34,411

General and administrative expenses
 
(155
)
 
(351
)
 
(724
)
Income tax expense
 

 

 
(12,528
)
Net income (loss)
 
(155
)
 
(351
)
 
21,159

 
 
 
 
 
 
 
Net income per share, basic and diluted
 
N/A

 
N/A

 
$
0.74

Quarterly Financial Data
 
 
Quarters Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(in thousands, except per unit amounts)
2012:
 
 
 
 
 
 
 
 
Oil, natural gas and natural gas liquid sales
 
$
348,895

 
$
347,227

 
$
444,082

 
$
460,976

Gains (losses) on oil and natural gas derivatives
 
2,031

 
439,647

 
(411,405
)
 
94,489

Total revenues and other
 
354,090

 
800,597

 
48,328

 
571,225

Total expenses (1)
 
269,108

 
460,617

 
376,353

 
656,111

(Gain) losses on sale of assets and other, net
 
1,478

 
36

 
(14
)
 
141

Net income (loss)
 
(6,202
)
 
237,086

 
(430,005
)
 
(187,495
)
 
 
 
 
 
 
 
 
 
Net income (loss) per unit:
 
 
 
 
 
 
 
 
Basic
 
$
(0.04
)
 
$
1.19

 
$
(2.18
)
 
$
(0.83
)
Diluted
 
$
(0.04
)
 
$
1.19

 
$
(2.18
)
 
$
(0.83
)
(1) 
Includes the following expenses: lease operating, transportation, marketing, general and administrative, exploration, bad debt, depreciation, depletion and amortization, impairment of long-lived assets and taxes, other than income taxes.
 
 
Quarters Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(in thousands, except per unit amounts)
2011:
 
 
 
 
 
 
 
 
Oil, natural gas and natural gas liquid sales
 
$
240,707

 
$
302,390

 
$
292,482

 
$
326,458

Gains (losses) on oil and natural gas derivatives
 
(369,476
)
 
205,515

 
824,240

 
(210,339
)
Total revenues and other
 
(126,473
)
 
510,571

 
1,119,483

 
118,873

Total expenses (1)
 
165,625

 
195,672

 
211,254

 
240,353

Losses on sale of assets and other, net
 
614

 
977

 
279

 
1,646

Net income (loss)
 
(446,682
)
 
237,109

 
837,627

 
(189,615
)
 
 
 
 
 
 
 
 
 
Net income (loss) per unit:
 
 
 
 
 
 
 
 
Basic
 
$
(2.75
)
 
$
1.34

 
$
4.74

 
$
(1.09
)
Diluted
 
$
(2.75
)
 
$
1.33

 
$
4.72

 
$
(1.09
)
(1) 
Includes the following expenses: lease operating, transportation, marketing, general and administrative, exploration, bad debt, depreciation, depletion and amortization and taxes, other than income taxes.