Partners' Capital

12 Months Ended

Dec. 31, 2018

Partners' Capital [Abstract]

Partners' Capital

PARTNERS’ CAPITAL

Partnership Management and Control

Ouramended and restatedpartnership agreement provides for interests to be divided into economic units held by the partners referred to as “LP Units” and non-economic general partner interests owned by Alta Mesa GP referred to as “GP Units”.  Alta Mesa GP owns all the GP Units and SRII Opco owns all the LP Units. 

Since we are a limited partnership, our operations and activities are managed by the board of directors of Alta Mesa GP.  The limited liability company agreement of Alta Mesa GP provides for two classes of interests: (i) Class A Units, which hold 100% of the economic rights in Alta Mesa GP and (ii) Class B Units which hold 100% of the voting interests in Alta Mesa GP.

SRII Opco is the sole owner of Alta Mesa GP’s Class A Units and owns 90% of the Class B Units.  Our former President and Chief Executive Officer and our former Chief Operating Officer—Upstream, along with certain affiliates of Bayou City, and HPS Investment Partners, LLC (“HPS”), own an aggregate 10% of the Class B Units. AMH GP’s board of directors are selected by the Class B members. Notwithstanding the foregoing, voting control of AMH GP is vested in SRII Opco pursuant to a voting agreement.