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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 115,757 $ (10,061)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, and amortization 55,279 50,923
Impairment of oil and natural gas properties 0 6,775
Accretion of asset retirement obligations 500 474
Amortization of deferred charges 436 394
(Gain) loss on commodity derivative instruments (44,728) 20,107
Net cash received on settlement of commodity derivative instruments 7,359 33,918
Equity-based compensation 10,939 25,139
(Gain) loss on sale of assets, net (931) (4,772)
Changes in operating assets and liabilities:    
Accounts receivable (4,318) (6,585)
Prepaid expenses and other current assets (729) (1,003)
Accounts payable and accrued liabilities 658 (31,859)
Deferred revenue (969) 221
Settlement of asset retirement obligations (89) (127)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 139,164 83,544
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of oil and natural gas properties (66,501) (136,340)
Additions to oil and natural gas properties (33,903) (36,710)
Purchase of other property and equipment (96) (5)
Proceeds from the sale of oil and natural gas properties 2,133 177
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (98,367) (172,878)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under senior line of credit 159,500 230,000
Repayments of borrowings under senior line of credit (82,500) (11,000)
Distributions to non-controlling interests (66) (54)
Proceeds from issuance of common units 991 0
Payments for capitalized offering costs 0 (301)
Redemptions of redeemable preferred units (19,641) (18,461)
Loan origination fees (50) 0
Repurchases of common and subordinated units (7,845) (24,696)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (43,082) 85,871
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,285) (3,463)
CASH AND CASH EQUIVALENTS - beginning of the period 9,772 13,233
CASH AND CASH EQUIVALENTS - end of the period 7,487 9,770
SUPPLEMENTAL DISCLOSURE    
Interest paid 7,062 1,928
Common and Subordinated Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders (91,019) (85,866)
Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders $ (2,452) $ (3,751)