XML 23 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 17,433 $ 2,195
Accounts receivable: oil and gas sales 32,263 3,014
Due from affiliate 3,734 0
Due from general partner 0 715
Derivative instruments 32,683 9,887
Prepaid and other current assets 249 1,283
Total current assets 86,362 17,094
Noncurrent assets:    
Oil and gas properties, using the full cost method of accounting 975,182 892,649
Gas processing equipment 865 109
Less accumulated depreciation, depletion, amortization (80,484) (2,130)
Total property and equipment, net 895,563 890,628
Derivative instruments 70,570 26,415
Deferred taxes 290 1,100
Deferred financing costs, net of amortization 4,279 3,478
Total noncurrent assets 970,702 921,621
Total assets 1,057,064 938,715
Current liabilities:    
Due to affiliates 0 442
Current portion of asset retirement obligations 348 4,166
Derivative instruments 9,569 10,886
Accrued and other liabilities 50,027 8,021
Total current liabilities 59,944 23,515
Noncurrent liabilities:    
Long-term debt 500,000 452,000
Derivative instruments 16,906 46,801
Asset retirement obligations 65,353 39,248
Deferred taxes 20 0
Total noncurrent liabilities 582,279 538,049
Commitments and contingencies (See Note 8)      
Partners' capital:    
Predecessor's capital 0 179,546
Class C converible preferred unitholders (16,666,667 and zero units issued and outstanding as of December 31, 2011 and 2010) 358,138 0
General partner (35,729 units issued and outstanding as of December 31, 2011 and 2010) 546 708
Total partners' capital 414,841 377,151
Total liabilities and partners' capital 1,057,064 938,715
Limited Partners-Public Common [Member]
   
Partners' capital:    
Limited partners 241,306 276,723
Total partners' capital 241,306 276,723
Limited Partners-Affiliated - Common [Member]
   
Partners' capital:    
Limited partners (113,414) (48,898)
Total partners' capital (113,414) (48,898)
Limited Partners-Affiliated - Subordinated [Member]
   
Partners' capital:    
Limited partners (71,735) (30,928)
Total partners' capital $ (71,735) $ (30,928)