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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 104,104 $ 70,647
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, and amortization 57,558 58,862
Accretion of asset retirement obligations 554 542
Amortization of deferred charges 516 422
(Gain) loss on commodity derivative instruments 11,996 49,680
Net cash (paid) received on settlement of commodity derivative instruments 4,674 (10,665)
Equity-based compensation 13,039 15,350
Exploratory dry hole expense 3 6,743
Increase (Decrease) In Deferred Rent   321
(Gain) loss on sale of assets, net 0 (2)
Changes in operating assets and liabilities:    
Accounts receivable 17,212 (17,915)
Prepaid expenses and other current assets (976) (428)
Accounts payable, accrued liabilities, and other (7,405) 2,826
Settlement of asset retirement obligations (299) (57)
NET CASH PROVIDED BY OPERATING ACTIVITIES 200,976 176,326
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of oil and natural gas properties (40,676) (56,069)
Additions to oil and natural gas properties (50,121) (73,675)
Additions to oil and natural gas properties leasehold costs (871) (3,799)
Purchases of other property and equipment (2,152) (5)
Proceeds from the sale of oil and natural gas properties 320 1,255
Proceeds from farmouts of oil and natural gas properties 47,487 41,034
NET CASH USED IN INVESTING ACTIVITIES (46,013) (91,259)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common units, net of offering costs (43) 9,067
Distributions to noncontrolling interests 0 (114)
Distribution equivalents paid (2,982) 0
Redemptions of Series A redeemable preferred units 0 (2,115)
Borrowings under credit facility 172,500 175,000
Repayments under credit facility (146,500) (142,000)
Debt issuance costs and other 0 (755)
NET CASH USED IN FINANCING ACTIVITIES (156,471) (83,638)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,508) 1,429
CASH AND CASH EQUIVALENTS – beginning of the period 5,414 5,642
CASH AND CASH EQUIVALENTS – end of the period 3,906 7,071
SUPPLEMENTAL DISCLOSURE    
Interest paid 10,618 9,364
Common and Subordinated Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders (152,030) (105,785)
Repurchases of common and subordinated units (16,916) (9,071)
Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders 0 (690)
Series B cumulative convertible preferred units on an as-converted basis | Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders $ (10,500) $ (7,175)