XML 23 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Predecessor [Member]
Cash flows from operating activities:  
Net income$ 38,513$ 50,981
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation, depletion and amortization25,04345,149
Accretion of asset retirement obligations8652,648
Amortization of deferred financing costs4302,042
Recognition of unit-based awards9900
Loss on disposal of furniture, fixtures and equipment0575
General and administrative expense contributed by the Fund9,5440
Unrealized gains on derivative contracts (See Note 4)(58,363)(23,238)
Deferred income tax expense3610
Equity in earnings of Ute Energy, LLC0(1,490)
Gain on equity share issuance0(4,064)
Changes in operating assets and liabilities:  
Accounts receivable and other assets(16,415)(32,698)
Accounts payable and other liabilities2,52010,857
Net cash provided by operating activities3,48850,762
Cash flows from investing activities:  
Additions to oil and gas properties(16,039)(33,653)
Acquisition of oil and gas properties0(895,922)
Additions of furniture, equipment and other0(1,469)
Proceeds from the sale of oil and gas leases1,3270
Net cash used in investing activities(14,712)(931,044)
Cash flows from financing activities:  
Proceeds from over-allotment (See Note 1)41,9630
Distribution to the Fund (See Note 1)(42,000)0
Contributions from general partner715453,054
Distributions to unitholders(31,223)(17,820)
Proceeds from bank borrowings41,000574,752
Repayments on bank borrowings0(113,534)
Deferred financing costs(214)(11,986)
Net cash provided by financing activities10,241884,466
(Decrease) increase in cash and cash equivalents(983)4,184
Cash and cash equivalents at beginning of period2,19517,156
Cash and cash equivalents at end of period$ 1,212$ 21,340