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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 5,642 $ 9,772
Accounts receivable 80,695 68,181
Commodity derivative assets 94 0
Prepaid expenses and other current assets 1,212 1,036
TOTAL CURRENT ASSETS 87,643 78,989
PROPERTY AND EQUIPMENT    
Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $988,720 and $605,736 at December 31, 2017 and 2016, respectively 3,247,613 2,697,073
Accumulated depreciation, depletion, amortization, and impairment (1,766,842) (1,652,930)
Oil and natural gas properties, net 1,480,771 1,044,143
Other property and equipment, net of accumulated depreciation of $14,433 and $14,327 at December 31, 2017 and 2016, respectively 559 528
NET PROPERTY AND EQUIPMENT 1,481,330 1,044,671
DEFERRED CHARGES AND OTHER LONG-TERM ASSETS 7,478 5,167
TOTAL ASSETS 1,576,451 1,128,827
CURRENT LIABILITIES    
Accounts payable 2,464 4,142
Accrued liabilities 52,631 50,952
Commodity derivative liabilities 4,222 16,237
Other current liabilities 417 0
TOTAL CURRENT LIABILITIES 59,734 71,331
LONG-TERM LIABILITIES    
Credit facility 388,000 316,000
Accrued incentive compensation 3,648 1,485
Commodity derivative liabilities 1,263 482
Deferred revenue 0 518
Asset retirement obligations 14,092 13,350
Other long-term liabilities 19,171 0
TOTAL LIABILITIES 485,908 403,166
COMMITMENTS AND CONTINGENCIES (Note 11)
MEZZANINE EQUITY    
Partners' equity — Series A redeemable preferred units, 26 and 53 units outstanding at December 31, 2017 and 2016, respectively 322,422 54,015
EQUITY    
Partners' equity — general partner interest 0 0
Noncontrolling interests 867 1,021
TOTAL EQUITY 768,121 671,646
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY 1,576,451 1,128,827
Series A Redeemable Preferred Units [Member]    
MEZZANINE EQUITY    
Partners' equity — Series A redeemable preferred units, 26 and 53 units outstanding at December 31, 2017 and 2016, respectively 27,028 54,015
Series B Cumulative Convertible Preferred Units    
MEZZANINE EQUITY    
Partners' equity — Series A redeemable preferred units, 26 and 53 units outstanding at December 31, 2017 and 2016, respectively 295,394 0
Common Units    
EQUITY    
Partners' equity - units 603,116 489,023
Subordinated Units    
EQUITY    
Partners' equity - units $ 164,138 $ 181,602