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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 20,963 $ 70,282
Accounts receivable 68,119 82,253
Commodity derivative assets 18,147 38,273
Prepaid expenses and other current assets 2,026 2,319
TOTAL CURRENT ASSETS 109,255 193,127
PROPERTY AND EQUIPMENT    
Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $943,916 and $890,338 at September 30, 2024 and December 31, 2023, respectively 3,057,879 3,026,394
Accumulated depreciation, depletion, amortization, and impairment (1,962,614) (1,961,899)
Oil and natural gas properties, net 1,095,265 1,064,495
Other property and equipment, net of accumulated depreciation of $14,453 and $14,163 at September 30, 2024 and December 31, 2023, respectively 1,031 1,007
NET PROPERTY AND EQUIPMENT 1,096,296 1,065,502
DEFERRED CHARGES AND OTHER LONG-TERM ASSETS 7,266 8,255
TOTAL ASSETS 1,212,817 1,266,884
CURRENT LIABILITIES    
Accounts payable 3,742 6,270
Accrued liabilities 13,913 17,003
Commodity derivative liabilities 0 1,229
Other current liabilities 1,803 1,334
TOTAL CURRENT LIABILITIES 19,458 25,836
LONG–TERM LIABILITIES    
Accrued incentive compensation 1,082 1,699
Commodity derivative liabilities 3,008 81
Asset retirement obligations 18,751 19,030
Other long-term liabilities 2,217 2,893
TOTAL LIABILITIES 44,516 49,539
COMMITMENTS AND CONTINGENCIES (Note 7)
EQUITY    
Partners' equity – general partner interest 0 0
TOTAL EQUITY 867,823 918,208
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY 1,212,817 1,266,884
Series B Cumulative Convertible Preferred Units    
MEZZANINE EQUITY    
Partners' equity – Series B cumulative convertible preferred units, 14,711 units outstanding at September 30, 2024 and December 31, 2023 300,478 299,137
Common units    
EQUITY    
Partners' equity – common units, 210,688 and 209,991 units outstanding at September 30, 2024 and December 31, 2023, respectively $ 867,823 $ 918,208