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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2015
Business Acquisition [Line Items]  
Supplemental Pro Forma Information

·

Issuance of common units to finance a portion of the Eagle Ford acquisition and the related effect on net income (loss) per common unit (in thousands, except per unit amounts).

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31, 

 

 

    

2015

    

2014

 

Revenues

 

$

105,204

 

$

165,022

 

Net income (loss) attributable to common unitholders

 

$

(157,161)

 

$

8,256

 

Net income (loss) per unit prior to conversion

 

 

 

 

 

 

 

Class A units - Basic and diluted

 

$

(17.72)

 

$

2.16

 

Class B units - Basic and diluted

 

$

(14.10)

 

$

2.85

 

Net income (loss) per unit after conversion

 

 

 

 

 

 

 

Common units - Basic and diluted

 

$

(40.32)

 

$

 —

 

 

Post-Acquisition Operating Results

The amounts of revenue and excess of revenues over direct operating expenses included in the Partnership’s condensed consolidated statements of operations for the year ended December 31, 2015, for the Eagle Ford acquisition are shown in the table that follows.  Direct operating expenses include lease operating expenses and production and ad valorem taxes (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

    

December 31, 2015

 

Revenues

 

$

19,357

 

Excess of revenues over direct operating expenses

 

$

14,270

 

 

Eagle Ford [Member]  
Business Acquisition [Line Items]  
Estimated Values Of Assets Acquired And Liabilities Assumed

The total purchase price was allocated to the assets purchased and liabilities assumed based upon their fair values on the date of acquisition as follows (in thousands):

 

 

 

 

 

Proved developed reserves

    

$

72,889

 

Facilities

 

 

8,002

 

Fair value of hedges assumed

 

 

3,408

 

Fair value of assets acquired

 

 

84,299

 

Asset retirement obligations

 

 

(877)

 

Ad valorem tax liability

 

 

(44)

 

Fair value of net assets acquired

 

$

83,378

 

 

Western Catarina Midstream [Member]  
Business Acquisition [Line Items]  
Estimated Values Of Assets Acquired And Liabilities Assumed

The total purchase price was allocated to the assets purchased and liabilities assumed based upon their fair values on the date of acquisition as follows (in thousands):

 

 

 

 

 

Fixed assets

    

$

142,887

 

Contractual customer relationships

 

 

201,888

 

Purchase of SPP common units from Sanchez Energy

 

 

1,065

 

Fair value of assets acquired

 

$

345,840