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Subsequent Events
9 Months Ended
Sep. 30, 2017
Subsequent Events  
Subsequent Events

18. SUBSEQUENT EVENTS

On November 7, 2017, the board of directors of our general partner declared a third quarter 2017 cash distribution on the Partnership’s common units of $0.4508 per unit ($1.8032  per unit annualized) payable on November 30, 2017 to holders of record on November 20, 2017. The Partnership also declared a third quarter distribution on the Class B preferred units and elected to pay the distribution in cash. Accordingly, the Partnership declared a cash distribution of $0.28225 per Class B preferred unit payable on November 30, 2017 to holders of record on November 20, 2017.

On November 13, 2017, we closed the Texas Production Divestiture pursuant to which we sold certain non-operated production assets located in Texas for cash consideration of approximately $6.3 million. In addition, the buyer assumed all obligations relating to the assets arising after the effective time.