EX-99.1 2 d826186dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

SOUTHERN AND WESTERN DISTRICTS OF TEXAS

HOUSTON DIVISION

 

IN RE:     

§

       
    

§

       
Memorial Production Partners LP, et al.     

§

   CASE NO.  

 17-30262

  
    

§

   CHAPTER 11
    

§

       
DEBTOR     

§

       

CHAPTER 11 POST-CONFIRMATION REPORT

FOR THE QUARTER ENDING SEPTEMBER            2019      

 

1.

   LOGO Quarterly  or   LOGO Final (check one)        

2.

   SUMMARY OF DISBURSEMENTS*:        
   A. Disbursements made under the plan (itemize on page 3)         $ 0.00  
            

 

 

 
   B. Disbursements not under the plan         $ 17,562,527.00  
            

 

 

 
  

Total Disbursements

        $ 17,562,527.00  
            

 

 

 
  

*ALL DISBURSEMENTS MADE BY THE REORGANIZED DEBTOR, UNDER THE PLAN OR OTHERWISE, MUST BE ACCOUNTED FOR AND REPORTED HEREIN FOR THE PURPOSE OF CALCULATING THE QUARTERLY FEES.

 

3.

  

Has the order confirming plan become final?

          LOGO   Yes     LOGO   No  

4.

  

Are Plan payments being made as required under the Plan?

          LOGO   Yes     LOGO   No  

5.

  

If “No”, what Plan payments have not been made and why?

       
  

Please explain:    

 

N/A

    
    

 

    
    

 

    

6.

  

If plan payments have not yet begun, when will the first plan payment be made?                      (Date)

 

7.

  

What date did the reorganized debtor or successor of the debtor under the plan assume the business or management of the property treated under the plan? 5/4/2017            (Date)

 

8.

  

Please describe any factors which may materially affect your ability to obtain a final decree at this time.

 

  

None

       
  

 

       
  

 

       

9.

  

Complete the form for Plan Disbursements attached.

       
          

10.

  

CONSUMMATION OF PLAN:

  

 

INITIALS         

 

DATE             

 

UST USE ONLY

    
  

A. If this is a final report, has an application for Final Decree been submitted*?

    
  

LOGO   Yes Date application was submitted                                 

    
  

LOGO   No  Date when application will be submitted                   

    
  

*(if required by Local Rule)

       
  

B. Estimated Date of Final Payment Under Plan                           

       
  

I CERTIFY UNDER PENALTY OF PERJURY THAT THE ABOVE INFORMATION IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE.

 

  

SIGNED: /s/ Denise DuBard                

       DATE: 11/6/19              
                            Denise DuBard                             
                                   (PRINT NAME)        


Memorial Production Partners LP, et al.

3Q 2019 Consolidated Cash Flows

Amounts in thousands

 

     Jul-19      Aug-19      Sep-19      3Q 2019  

Beginning Cash Balance

   $ —        $ —        $ —        $ —   3) 

Receipts

           

Collections

   $ 6,789      $ 7,163      $ 6,946      $ 20,898  

Other Receipts

              —    

Borrowing

              —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Receipts

   $ 6,789      $ 7,163      $ 6,946      $ 20,898  

Operating Disbursements

           

LOE/Capex/Other Op. Ex.

   $ 6,959      $ 2,759      $ 2,656      $ 12,374  

G&A

     —          14        1        15  

Payroll

     —          —          —          —    

Royalties

     1,684        1,776        1,715        5,175  

Taxes

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Operating Disbursements

   $ 8,643      $ 4,549      $ 4,372      $ 17,564  

Non-Operating Disbursements

           

Restructuring Fees

   $ —        $ —        $ —        $ —    

Bank Fees

   $ —          —          —          —    

Debt / Interest Payments

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Non-Operating Disbursements

   $ —        $ —        $ —        $ —    

Net Plan Disbursements

           

Plan Effects Receipts

   $ —        $ —        $ —        $ —    

Plan Effects Disbursements

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Net Plan Disbursements

   $ —        $ —        $ —        $ —    

Net Cash Flow

   $ (1,854    $ 2,614      $ 2,574      $ 3,334  

Ending Cash Balance

   $ —        $ —        $ —        $ —   3) 

Notes:

 

1)

On April 30, 2018, Amplify Energy Corp. and its affiliates (collectively, the “Debtors”) filed with the Bankruptcy Court a motion for a final decree and entry of an order closing the chapter 11 cases with respect to each of the Debtors, other than (i) San Pedro Bay Pipeline Company (“SPBPL”), Ch. 11 Case No. 17-30249, (ii) Rise Energy Beta, LLC (“REB”), Ch. 11 Case No. 17-30250, and (iii) Beta Operating Company, LLC (“BOC”), Ch. 11 Case No. 17-30253, (collectively, the “Closing Debtors”). On May 30, 2018 (“Final Decree Date”), the court entered into the final decree closing the chapter 11 cases of the Closing Debtors. For periods after the Final Decree Date, receipts and disbursement activity only reflect the transactions of SPBPL, REB, and BOC, respectively.

 

2)

This Disbursement Summary is unaudited and does not purport to represent financial statements prepared in accordance with generally accepted accounting principles nor are they intended to fully reconcile to the financial statements prepared by Amplify Energy Corp. (“the Company”). Information contained in the Disbursement Summary has been derived from the Company’s books and records. Therefore, in order to comply with its obligations to provide quarterly reporting during the Chapter 11 case, the Company has prepared this quarterly report using the best information presently available to it. This Disbursement Summary is true and accurate to the best of the Company’s knowledge, information and belief based on current available data. The financial results contained herein are not necessarily indicative of results that may be expected for any other period or for the full year and may not necessarily reflect the consolidated financial results of the Company in the future. The information contained herein is unaudited, limited in scope, and subject to change.

 

3)

Based on centralized cash management practices, almost all disbursements are made by Amplify Energy Operating LLC’s (successor entity to Memorial Production Operating LLC) and Beta Operating Company, LLC on behalf of all Debtors with all cash receipts and Cash Balances held in Amplify Energy Operating LLC’s main operating account. For periods after the Final Decree Date, the Beginning and Ending Cash Balances is displayed as zero as SPBPL, REB, and BOC have ZBA accounts which sweep cash on a daily basis to the Amplify Energy Operating LLC’s main operating account.


UNITED STATES BANKRUPTCY COURT

 

CASE NAME:    Memorial Production Partners LP, et al.       PETITION DATE:    01/16/17
CASE NUMBER:    17-30262       DISTRICT OF TEXAS:    Southern
PLAN EFFECTIVE DATE:    5/4/2017       DIVISION:    Houston

Disbursement and Fee Summary - 3Q 2019

 

                 Disbursements      Fees In USD  
Case Number    Entity Name           Jul-19      Aug-19      Sep-19      3Q19 Total      Fee      Balance Due
per UST
     Difference  

17-30262

   Memorial Production Partners LP

 

                    —          —    

17-30248

   Memorial Production Finance Corporation

 

                    —          —    

17-30249

   San Pedro Bay Pipeline Company

 

     242,661        69,739        41,273        353,674        4,875        974        3,901  

17-30250

   Rise Energy Beta, LLC         6,716,009        2,702,335        2,615,387        12,033,731        120,337        75,064        45,273  

17-30251

   Rise Energy Minerals, LLC                        —          —    

17-30252

   Rise Energy Operating, LLC                        —          —    

17-30253

   Beta Operating Company, LLC

 

     1,683,776        1,776,325        1,715,021        5,175,122        51,751        60,031        (8,280

17-30254

   Columbus Energy, LLC                        —          —    

17-30255

   WHT Carthage LLC                        —          —    

17-30256

   WHT Energy Partners LLC                        —          —    

17-30257

   Memorial Energy Services LLC

 

                    —          —    

17-30258

   Memorial Midstream LLC                        —          —    

17-30259

   Memorial Production Operating LLC

 

                    —          —    

17-30260

   MEMP Services LLC                        —          —    

17-30261

   Memorial Production Partners GP LLC

 

                    —          —    
        

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
        Total        8,642,446        4,548,400        4,371,681        17,562,527        176,963        136,069        40,894  
        

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Notes: