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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 3,906 $ 5,414
Accounts receivable 95,958 113,148
Commodity derivative assets 24,441 37,970
Prepaid expenses and other current assets 1,977 1,001
TOTAL CURRENT ASSETS 126,282 157,533
PROPERTY AND EQUIPMENT    
Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $1,089,576 and $1,063,883 at June 30, 2019 and December 31, 2018, respectively 3,501,789 3,441,188
Accumulated depreciation, depletion, amortization, and impairment (1,921,674) (1,865,692)
Oil and natural gas properties, net 1,580,115 1,575,496
Other property and equipment, net of accumulated depreciation of $11,267 and $11,048 at June 30, 2019 and December 31, 2018, respectively 2,319 385
NET PROPERTY AND EQUIPMENT 1,582,434 1,575,881
DEFERRED CHARGES AND OTHER LONG-TERM ASSETS 15,839 16,710
TOTAL ASSETS 1,724,555 1,750,124
CURRENT LIABILITIES    
Accounts payable 5,911 4,149
Accrued liabilities 39,105 60,089
Other current liabilities 957 528
TOTAL CURRENT LIABILITIES 45,973 64,766
LONG–TERM LIABILITIES    
Credit facility 436,000 410,000
Accrued incentive compensation 1,395 1,813
Commodity derivative liabilities 45 0
Asset retirement obligations 15,377 14,948
Other long-term liabilities 81,750 55,973
TOTAL LIABILITIES 580,540 547,500
COMMITMENTS AND CONTINGENCIES (Note 8)
EQUITY    
Partners' equity – general partner interest 0 0
TOTAL EQUITY 845,654 904,263
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY 1,724,555 1,750,124
Series B Cumulative Convertible Preferred Units    
MEZZANINE EQUITY    
Partners' equity – convertible preferred units 298,361 298,361
Common Units    
EQUITY    
Partners' equity - units 845,654 714,823
Subordinated Units    
EQUITY    
Partners' equity - units $ 0 $ 189,440