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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Natural gas sales $ 787 $ 4,434 $ 5,818 $ 8,709
Oil sales 3,061 2,159 22,520 4,746
Natural gas liquids sales 514 264 1,473 784
Gathering and transportation sales 14,234 12,997 39,621 41,130
Total revenues 18,596 19,854 69,432 55,369
Operating expenses:        
Lease operating expenses 1,735 2,767 10,599 11,918
Transportation operating expenses 2,661 3,111 8,989 9,179
Cost of sales   99 77 292
Production taxes 340 290 1,166 837
General and administrative 5,614 6,286 17,576 16,983
Unit-based compensation expense 631 90 1,951 1,619
Loss (gain) on sale of assets (2,546) 219 (2,546) 219
Depreciation, depletion and amortization 6,899 7,507 28,017 20,824
Asset impairments     4,688 1,309
Accretion expense 149 271 647 901
Total operating expenses 15,483 20,640 71,164 64,081
Other (income) expense        
Interest expense, net 2,215 1,543 5,994 3,545
Gain on embedded derivatives   (30,012)   (43,204)
Earnings from equity investments (2,873) (1,124) (4,397) (1,136)
Other income       (49)
Total other (income) expenses (658) (29,593) 1,597 (40,844)
Total (income) expenses 14,825 (8,953) 72,761 23,237
Income (loss) before income taxes 3,771 28,807 (3,329) 32,132
Net income (loss) 3,771 28,807 (3,329) 32,132
Less:        
Preferred unit distributions paid in common units     (2,625)  
Preferred unit distributions (8,750) (12,250) (24,500) (29,750)
Preferred unit amortization (463) (6,608) (1,300) (20,379)
Net income (loss) attributable to common unitholders $ (5,442) $ 9,949 $ (31,754) $ (17,997)
Net income (loss) per unit        
Common units - Basic $ (0.38) $ 2.49 $ (2.29) $ (5.06)
Common units - Diluted $ (0.38) $ 1.21 $ (2.29) $ (5.06)
Common units - Basic 14,313,999 3,998,209 13,888,057 3,556,675
Common units - Diluted 14,313,999 23,771,370 13,888,057 3,556,675