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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Gathering and transportation lease revenues $ 14,135 $ 13,148 $ 46,361 $ 38,634
Total revenues 20,916 18,152 60,261 53,727
Operating expenses:        
Lease operating expenses 2,105 1,905 5,885 5,883
Transportation operating expenses 2,752 3,061 8,476 8,979
Production taxes 165 292 489 901
General and administrative expenses 4,317 5,109 13,237 17,193
Unit-based compensation expense 271 155 1,081 2,940
Gain on sale of assets   (238)   (2,626)
Depreciation, depletion and amortization 6,441 6,507 19,044 19,680
Accretion expense 132 123 391 372
Total operating expenses 16,183 16,914 48,603 53,322
Other (income) expense        
Interest expense, net 12,141 2,786 17,741 8,165
Earnings from equity investments (780) (2,313) (3,013) (9,696)
Other (income) expense (31) 352 (98) 1,876
Total other (income) expenses 11,330 825 14,630 345
Total expenses 27,513 17,739 63,233 53,667
Income (loss) before income taxes (6,597) 413 (2,972) 60
Income tax expense 213   335  
Net income (loss) (6,810) 413 (3,307) 60
Preferred unit paid-in-kind distributions (3,804)   (14,409) (3,500)
Preferred unit distributions   (8,838) (8,838) (24,588)
Preferred unit amortization (266) (608) (1,708) (1,707)
Deemed distribution 103,773   103,773  
Net income (loss) attributable to common unitholders - Basic 92,893 (9,033) 75,511 (29,735)
Mark-to-market on warrant 3,097   3,097  
Net income (loss) attributable to common unitholders - Diluted $ 95,990 $ (9,033) $ 78,608 $ (29,735)
Net income (loss) per unit        
Common units - Basic $ 4.99 $ (0.59) $ 4.31 $ (1.97)
Common units - Diluted $ 4.54 $ (0.59) $ 4.13 $ (1.97)
Common units - Basic 18,617,385 15,398,453 17,500,886 15,114,671
Common units - Diluted 21,141,065 15,398,453 19,011,877 15,114,671
Common units        
Other (income) expense        
Net income (loss) $ (6,810) $ 413    
Natural gas sales        
Revenues        
Revenues 177 166 $ 543 $ 865
Oil sales        
Revenues        
Revenues 4,769 2,848 7,841 7,894
Natural gas liquid product        
Revenues        
Revenues 115 408 411 1,403
Gathering and transportation        
Revenues        
Revenues $ 1,720 $ 1,582 $ 5,105 $ 4,931