XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 12,158 $ 8,876
Accounts receivable 140,569 97,142
Commodity derivative assets 316 0
Prepaid expenses and other current assets 2,457 1,956
TOTAL CURRENT ASSETS 155,500 107,974
PROPERTY AND EQUIPMENT    
Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $925,707 and $937,395 at June 30, 2022 and December 31, 2021, respectively 3,000,991 3,001,627
Accumulated depreciation, depletion, amortization, and impairment (1,892,235) (1,869,731)
Oil and natural gas properties, net 1,108,756 1,131,896
Other property and equipment, net of accumulated depreciation of $13,150 and $12,931 at June 30, 2022 and December 31, 2021, respectively 1,122 1,440
NET PROPERTY AND EQUIPMENT 1,109,878 1,133,336
DEFERRED CHARGES AND OTHER LONG-TERM ASSETS 7,315 6,611
TOTAL ASSETS 1,272,693 1,247,921
CURRENT LIABILITIES    
Accounts payable 3,586 5,944
Accrued liabilities 13,103 17,589
Commodity derivative liabilities 106,080 51,544
Other current liabilities 2,048 2,063
TOTAL CURRENT LIABILITIES 124,817 77,140
LONG–TERM LIABILITIES    
Credit facility 86,000 89,000
Accrued incentive compensation 1,063 838
Commodity derivative liabilities 3,422 2,001
Asset retirement obligations 12,599 12,561
Other long-term liabilities 2,104 2,752
TOTAL LIABILITIES 230,005 184,292
COMMITMENTS AND CONTINGENCIES (Note 7)
EQUITY    
Partners' equity – general partner interest 0 0
TOTAL EQUITY 744,327 765,268
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY 1,272,693 1,247,921
Series B Cumulative Convertible Preferred Units    
MEZZANINE EQUITY    
Partners' equity – Series B cumulative convertible preferred units, 14,711 units outstanding at June 30, 2022 and December 31, 2021, respectively 298,361 298,361
Common units    
EQUITY    
Partners' equity – common units, 209,399 and 208,666 units outstanding at June 30, 2022 and December 31, 2021, respectively $ 744,327 $ 765,268