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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
0 Months Ended 12 Months Ended
Dec. 31, 2010
Dec. 31, 2011
Dec. 21, 2010
Predecessor [Member]
Dec. 31, 2009
Predecessor [Member]
Revenues:        
Oil and natural gas sales $ 6,661 $ 257,903 $ 244,572 $ 69,823
Processing and other 24 1,965 8,814 2,978
Total revenues 6,685 259,868 253,386 72,801
Operating Expenses:        
Production expenses 2,355 88,057 108,408 44,841
Impairment of oil and gas properties 0 0 0 28,338
Depreciation, depletion and amortization 2,130 78,354 66,482 16,993
Accretion of asset retirement obligations 77 2,702 3,674 3,585
Management fees 0 0 10,486 12,018
Acquisition evaluation costs 0 0 1,192 582
Offering costs 0 0 5,148 0
General and administrative 763 31,666 25,477 18,697
Bargain purchase gain 0 0 0 (1,200)
Other expense 0 0 224 0
Total operating expenses 5,325 200,779 221,091 123,854
Operating income (loss) 1,360 59,089 32,295 (51,053)
Other income (expense):        
Equity in earnings of Ute Energy, LLC (See Note 16) 0 0 3,782 2,675
Dividends on investment in marketable equity securities 0 0 0 233
Gain on investment in marketable equity securities 0 0 0 394
Realized (losses) gains on commodity derivative contracts (289) (72,053) 5,373 47,993
Unrealized gains (losses) on commodity derivative contracts (12,068) 120,478 8,204 (111,113)
Gain on equity share issuance (See Note 16) 0 0 4,064 0
Interest expense, net (1,136) (45,527) (22,179) (3,716)
Other income (expense) 0 0 482 (645)
Total other income (expense), net (13,493) 2,898 (274) (64,179)
Income (loss) before income taxes (12,133) 61,987 32,021 (115,232)
Income tax (expense) benefit , net 66 (850) (108) (182)
Net income (loss) (12,067) 61,137 31,913 (115,414)
Net income (loss) attributable to noncontrolling interest 0 0 30,101 (107,528)
Net income (loss) attributable to controlling interest (12,067) 61,137 1,812 (7,886)
Net (income) loss attributable to predecessor operations 4,968 (49,091)    
Less: Distribution on Class C convertible preferred units 0 (7,062)    
Net income (loss) available to other unitholders (7,099) 4,984    
Less: general partner's interest in net income (loss) (7) 1,575    
Limited partner's interest in net income (loss) (7,092) 3,409    
Common unitholders' interest in net income (loss) (5,577) 2,730    
Subordinated unitholders' interest in net income (loss) $ (1,515) $ 679    
Net income (loss) per limited partner unit:        
Common unitholders' (basic and diluted) (in dollars per unit) $ (0.21) $ 0.10    
Subordinated unitholders' (basic and diluted) (in dollars per unit) $ (0.21) $ 0.10    
Weighted-average limited partner units outstanding:        
Common units (basic and diluted) (in units) 26,298 28,728    
Subordinated units (basic and diluted) (in shares) 7,146 7,146