XML 24 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net (loss) income $ (13,417) $ 52,467
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation, depletion and amortization 17,211 19,241
Accretion of asset retirement obligations 557 1,455
Amortization of deferred financing costs 286 1,320
Recognition of unit-based awards 624 0
Loss on disposal of furniture, fixtures and equipment 0 575
General and administrative expense contributed by the Fund 6,454 0
Unrealized gains on derivative contracts (See Note 4) (12,082) (37,699)
Deferred income tax expense 86 0
Bargain purchase gain 0 (1,020)
Equity in earnings of Ute Energy, LLC 0 (708)
Changes in operating assets and liabilities:    
Accounts receivable and other assets (23,032) (30,890)
Accounts payable and other liabilities 2,110 11,117
Net cash (used in) provided by operating activities (21,203) 15,858
Cash flows from investing activities:    
Additions to oil and gas properties (7,215) (11,711)
Acquisition of oil and gas properties 0 (891,856)
Additions of furniture, equipment and other 0 (648)
Proceeds from the sale of oil and gas leases 1,327 0
Net cash used in investing activities (5,888) (904,215)
Cash flows from financing activities:    
Proceeds from over-allotment (See Note 1) 41,963 0
Distribution to the Fund (See Note 1) (42,000) 0
Contributions from general partner 715 453,054
Distributions to unitholders (16,416) (12,000)
Proceeds from bank borrowings 41,000 574,752
Repayments on bank borrowings 0 (113,534)
Deferred financing costs (214) (11,867)
Net cash provided by financing activities 25,048 890,405
(Decrease) increase in cash and cash equivalents (2,043) 2,048
Cash and cash equivalents at beginning of period 2,195 17,156
Cash and cash equivalents at end of period $ 152 $ 19,204