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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2014
Proforma Financial Results

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

(Unaudited)

 

 

March 31, 2014

 

March 31, 2013

 

 

Pro Forma

 

Pro Forma

Total revenues

 

$

123,741 

 

$

121,020 

Operating income

 

$

26,646 

 

$

22,551 

Net income (loss) attributable to QR Energy, LP

 

$

(14,251)

 

$

(5,136)

Net income per unit:

 

 

 

 

 

 

Common unitholders' (basic and diluted)

 

$

(2.85)

 

$

(0.28)

 

2014 Acquisition [Member]
 
Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

 

 

 

 

Oil and gas properties

 

$

35,668 

Asset retirement obligation

 

 

(772)

Other current liabilities

 

 

(2,827)

Net assets acquired

 

 

32,069 

 

2013 East Texas Properties [Member]
 
Summary Of Fair Value Of Assets Acquired And Liabilities Assumed

 

 

 

 

 

 

 

 

Oil and gas properties

 

$

105,751 

Investment in ETSWDC

 

 

9,576 

Asset retirement obligation

 

 

(6,069)

Other current liabilities

 

 

(1,044)

Net assets acquired

 

$

108,214 

 

 

 

 

 

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 in ETSWDC

 

 

(5,956)

Fair value of ETSWDC acquired by QR Energy, LP

 

$

9,576 

 

(1)

Includes $3.5 million of cash and cash equivalents.