Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of assets acquired and liabilities assumed

The recognized fair values of the assets acquired and liabilities assumed are as follows (in thousands):



Fair value of net assets:
Oil properties	$	119,438
Total assets acquired	$	119,438
Fair value of net liabilities assumed:
Asset retirement obligation	1,851
Fair value of net assets acquired	$	117,587

Creek County

Business Acquisition [Line Items]

Schedule of assets acquired and liabilities assumed



Fair Value of net assets:
Oil property	$	56,979
Total assets acquired	$	56,979
Fair Value of net liabilities assumed:
Asset retirement obligation	479
Net assets acquired	$	56,500

Hugoton

Business Acquisition [Line Items]

Schedule of assets acquired and liabilities assumed

The recognized fair values of the assets acquired and liabilities assumed are as follows (in thousands):



Fair Value of net assets:
Oil properties	$	41,589
Total assets acquired	$	41,589
Fair Value of net liabilities assumed:
Asset retirement obligation	589
Net assets acquired	$	41,000

Schedule of pro forma revenues

The following table reflects pro forma revenues, net income and net income per limited partner unit for the three months ended March 31, 2014, as if the acquisitions occurred on January 1, 2014. Since we took over the interests in the Hugoton properties on February 28, 2014, the values for the March 2014 are reflected in the condensed consolidated statement of operations. The unaudited pro forma financial data does not include the results of operations for the Liberty County, Texas, Southern Oklahoma or Northeastern Oklahoma properties, as the results of operations were deemed not to be material. The table also reflects incremental depreciation, depletion and amortization expense using the unit-of-production method related to the oil and natural gas properties acquired, incremental accretion expense related to asset retirement obligations on the oil and natural gas properties acquired, and interest expense related to the incremental debt incurred to fund the acquisitions. These unaudited pro forma amounts do not purport to be indicative of the results that would have actually been obtained during the period presented or that may be obtained in the future (in thousands, except for per unit numbers):



	Three Months Ended March 31, 2014

Revenues	$	34,381
Net income	$	7,461
Net income per limited partner unit:
Basic	$	0.37
Diluted	$	0.37