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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2013
2013 East Texas Properties [Member]
 
Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

 

 

 

Oil and gas properties

$

105,141 

Investment in ETSWDC

 

9,576 

Asset retirement obligation

 

(6,069)

Other current liabilities

 

(884)

Net assets acquired

$

107,764 

 

ETSWDC [Member]
 
Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

 

 

 

Assets acquired and liabilities assumed:

 

 

Current assets (1)

$

7,858 

Property, plant and equipment, net

 

13,103 

Other long term assets

 

16,215 

Total assets

 

37,176 

Liabilities:

 

 

Current liabilities

 

(1,761)

Asset retirement obligation

 

(4,607)

Pension and postretirement benefits

 

(12,039)

Total liabilities

 

(18,407)

Fair value of saltwater disposal company

 

18,769 

Less: remeasurement of previously held interest

 

(3,237)

Less: fair value of noncontrolling interest

 

(5,956)

Fair value of ETSWDC acquired by QR Energy, LP

$

9,576 

 

(1)

Includes $3.5 million of cash and cash equivalents.

2012 East Texas Properties [Member]
 
Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

 

 

 

Oil and gas properties

 

 

Evaluated (1)

$

218,039 

Unevaluated

 

5,400 

Other Assets

 

1,900 

Asset retirement obligation

 

(9,843)

Other current liabilities

 

(1,190)

Net assets acquired

$

214,306 

 

(1)

Includes receivable from seller for customary purchase price adjustments recorded in prepaid and other current assets as of December 31, 2012, which was received during 2013.

Prize [Member]
 
Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

 

 

 

 

Oil and gas properties

 

 

 

Evaluated

 

$

226,670 

Unevaluated

 

 

6,100 

Asset retirement obligation

 

 

(4,738)

Environmental liability

 

 

(1,891)

Other current liabilities

 

 

(993)

Net assets acquired

 

$

225,148 

 

Prize, 2012 East Texas Acquisition And 2013 East Texas Acquisition [Member]
 
Proforma Financial Results

 

 

 

 

 

 

 

 

Year Ended

 

 

(Unaudited)

 

 

December 31, 2013

 

 

December 31, 2012

 

 

Pro Forma

 

 

Pro Forma

Total revenues

$

485,284 

 

$

476,345 

Operating income

$

115,104 

 

$

104,327 

Net income attributable to QR Energy, LP

$

66,068 

 

$

107,238 

Net income per unit:

 

 

 

 

 

Common unitholders' (basic)

$

0.34 

 

$

0.75 

Common unitholders' (diluted)

$

0.34 

 

$

0.73 

Subordinated units (basic and diluted)

$

 -

 

$

0.78 

 

December 2012 Transferred Properties [Member]
 
Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

 

 

 

 

Oil and gas properties

 

 

Evaluated

$

141,315 

Accumulated depreciation, depletion, and amortization

 

(45,416)

Other assets (1)

 

10,732 

Derivative instruments, net

 

(2,948)

Long-term debt

 

(115,000)

Asset retirement obligation

 

(34,261)

Book value of net assets

 

(45,578)

Purchase price adjustment

 

5,270 

Net assets contributed by the Predecessor (2)

$

(40,308)

 

(1)

Represents a reclamation deposit in escrow as security for abandonment and redemption obligations.

 

(2)

The net assets contributed to us include the historical book value of the Predecessor as prescribed by our accounting policy for transactions between entities under common control in Note 2 – Summary of Significant Accounting Policies and a $5.3 million purchase price adjustment related to novated derivatives unwound by the Partnership.

October 2011 Purchase Agreement [Member]
 
Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

Oil and gas properties, net

$

441,207 

Gas processing equipment, net

 

251 

Derivative instrument asset, net

 

64,671 

Deferred tax asset

 

205 

Long-term debt

 

(227,000)

Asset retirement obligation

 

(26,294)

Natural gas imbalance

 

(3,709)

Book value of net assets

 

249,331 

Purchase price adjustments

 

2,715 

Net assets contributed by the Predecessor (1)

$

252,046 

 

(1)

The net assets contributed to us include the historical book value of the Predecessor as prescribed by our accounting policy for transactions between entities under common control in Note 2 – Summary of Significant Accounting Policies and a $2.7 million purchase price adjustment for natural gas imbalances in accordance with the purchase and sale agreement.