XML 33 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 3,661 $ 725
Accounts receivable, net:    
Oil and natural gas 41,235 49,390
Joint interest owners 12,424 16,235
Other 254 237
Fair value of derivatives (Notes 6 and 7) 63,951 120,305
Prepaid expenses and other current assets 5,708 5,362
Total current assets 127,233 192,254
Oil and natural gas properties using the successful efforts method, at cost:    
Proved properties 2,976,550 2,946,820
Unproved properties 48,322 47,613
Accumulated depletion, depreciation, amortization and impairment (1,626,689) (1,354,459)
Oil and natural gas properties using the successful efforts method, at cost 1,398,183 1,639,974
Other property and equipment, net of accumulated depreciation and amortization of $8,126 and $7,446, respectively 3,269 3,767
Operating rights, net of amortization of $4,731 and $4,509, respectively 2,286 2,508
Fair value of derivatives (Notes 6 and 7) 18,605 32,794
Other assets, net of amortization of $13,996 and $12,551, respectively 24,179 24,255
Investments in equity method investees 624 3,054
Total assets 1,574,379 1,898,606
Current liabilities:    
Accounts payable 1,416 2,787
Accrued oil and natural gas liabilities (Note 1) 54,667 78,615
Fair value of derivatives (Notes 6 and 7) 985 2,080
Asset retirement obligation (Note 8) 3,028 3,028
Other (Notes 2 and 10) 9,757 11,066
Total current liabilities 69,853 97,576
Long-term debt (Note 2) 966,111 938,876
Asset retirement obligation (Note 8) 241,611 223,497
Other long-term liabilities 1,294 1,452
Total liabilities $ 1,278,869 $ 1,261,401
Commitments and contingencies (Note 5)    
Partners' equity (Note 9):    
Limited partners' equity - 57,405,398 and 57,280,049 units issued and outstanding at June 30, 2014 and December 31, 2013 $ 35,261 $ 376,885
General partner's equity (approximately 0.03%) (18) 53
Total partners' equity 295,510 637,205
Total liabilities and partners' equity 1,574,379 1,898,606
Incentive distribution equity - 100,000 units issued and outstanding at June 30, 2015 and December 31, 2014    
Partners' equity (Note 9):    
Incentive distribution equity - 100,000 units issued and outstanding at June 30, 2015 and December 31, 2014 30,814 30,814
Series A Preferred equity - 2,300,000 units issued and outstanding at June 30, 2015 and December 31, 2014    
Partners' equity (Note 9):    
Preferred equity 55,192 55,192
Series B Preferred equity - 7,200,000 units issued and outstanding at June 30, 2015 and December 31, 2014    
Partners' equity (Note 9):    
Preferred equity $ 174,261 $ 174,261