EX-99.1 2 d848984dex991.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 LOGO   

§

§

      CASE NO. 17-30262
   §      CHAPTER 11
DEBTOR   

§

§

     

CHAPTER 11 POST-CONFIRMATION REPORT

FOR THE QUARTER ENDING DECEMBER 2019

1. ☑ Quarterly or ☐ 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

    $ 16,656,316.00  
  

 

 

  

        Total Disbursements

    $ 16,656,316.00  
  

 

 

  

 

  *

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?    ☑ Yes    ☐ No
4.    Are Plan payments being made as required under the Plan?    ☑ Yes    ☐ 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 PI AN:                 
 
   A. If this is a final report, has an application for Final Decree been submitted*?   

INITIALS___

 

   
        ☐ Yes Date application was submitted _________________   

DATE  ____

 

   
 
        ☒  No Date when application will be submitted __________      UST USE ONLY   
 
        *(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: 1/16/2020
  Denise DuBard
  (PRINT NAME)   

Memorial Production Partners LP, et al.

4Q 2019 Consolidated Cash Flows

Amounts in thousands

 

     Oct-19      Nov-19      Dec-19     4Q 2019         

Beginning Cash Balance

    $ —        $ —        $ —       $ —          3 ) 

Receipts

              

Collections

    $  7,046      $  7,061      $  7,168     $  21,275     

Other Receipts

              —       

Borrowing

              —       
  

 

 

     

 

 

     

 

 

    

 

 

     

Total Receipts

    $  7,046      $  7,061      $  7,168     $  21,275     

Operating Disbursements

              

LOE/Capex/Other Op. Ex.

    $  3,579      $  2,773      $  5,116     $  11,468     

G&A

      —        —        —       —       

Payroll

      —        —        —       —       

Royalties

      1,748      —        3,441     5,189     

Taxes

      —        —        —       —       
  

 

 

     

 

 

     

 

 

    

 

 

     

Total Operating Disbursements

    $  5,327      $  2,773      $  8,557     $  16,657     

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

    $  1,719      $  4,288      $  (1,389 )    $  4,618     

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 - 4Q 2019

 

          Disbursements     

Fees In USD

  
Case Number    Entity Name    Oct-19      Nov-19      Dec-19      4Q19 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      115,204        118,416        197,076        430,696      4,875      4,874        1  
17-30250    Rise Energy Beta, LLC      3,463,348        2,654,383        4,918,425        11,036,157      110,362      120,325        (9,963 ) 
17-30251    Rise Energy Minerals, LLC                     —          —    
17-30252    Rise Energy Operating, LLC                     —          —    
17-30253    Beta Operating Company, LLC      1,748,500        —          3,440,963        5,189,463      51,895      51,744        151  
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

      5,327,052        2,772,799        8,556,465        16,656,316      167,132      176,943        (9,811 ) 
     

 

 

     

 

 

     

 

 

     

 

 

     

 

   

 

 

     

 

 

  
Notes: