|
STATEMENTS OF SUPPLEMENTAL CONSOLIDATED AND COMBINED OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| Revenues: |
|
|
|
| Oil & natural gas sales |
$ 531,853 |
$ 370,062 |
$ 289,912 |
| Pipeline tariff income and other |
4,366 |
3,075 |
3,253 |
| Total revenues |
536,219 |
373,137 |
293,165 |
| Costs and expenses: |
|
|
|
| Lease operating |
143,733 |
96,433 |
87,972 |
| Pipeline operating |
2,068 |
1,835 |
2,114 |
| Exploration |
2,750 |
1,322 |
9,340 |
| Production and ad valorem taxes |
33,141 |
18,447 |
15,354 |
| Depreciation, depletion, and amortization |
185,955 |
113,814 |
101,624 |
| Impairment of proved oil and natural gas properties |
407,540 |
4,072 |
22,994 |
| General and administrative |
49,124 |
54,947 |
35,112 |
| Accretion of asset retirement obligations |
5,773 |
4,988 |
4,458 |
| (Gain) loss on commodity derivative instruments |
(492,254) |
(26,133) |
(24,405) |
| (Gain) loss on sale of properties |
|
(2,848) |
(9,759) |
| Other, net |
(11) |
647 |
38 |
| Total costs and expenses |
337,819 |
267,524 |
244,842 |
| Operating income (loss) |
198,400 |
105,613 |
48,323 |
| Other income (expense): |
|
|
|
| Interest expense, net |
(83,550) |
(44,302) |
(24,955) |
| Other income (expense) |
(657) |
2 |
1 |
| Amortization of investment premium |
|
|
(194) |
| Total other income (expense) |
(84,207) |
(44,300) |
(25,148) |
| Income (loss) before income taxes |
114,193 |
61,313 |
23,175 |
| Income tax benefit (expense) |
1,421 |
(308) |
(108) |
| Net income (loss) |
115,614 |
61,005 |
23,067 |
| Net income (loss) attributable to noncontrolling interest |
32 |
267 |
104 |
| Net income (loss) attributable to Memorial Production Partners LP |
115,582 |
60,738 |
22,963 |
| Limited partners' interest in net income (loss): |
|
|
|
| Net income (loss) attributable to Memorial Production Partners LP |
115,582 |
60,738 |
22,963 |
| Net (income) loss allocated to previous owners |
2,465 |
(52,012) |
(22,842) |
| Net (income) loss allocated to general partner |
(206) |
(49) |
|
| Net (income) loss allocated to NGP IDRs |
(88) |
|
|
| Limited partners' interest in net income (loss) |
$ 117,753 |
$ 8,677 |
$ 121 |
| Earnings per unit: (Note 10) |
|
|
|
| Basic and diluted earnings per unit |
$ 1.66 |
$ 0.19 |
$ 0.01 |
| Weighted average limited partner units outstanding: |
|
|
|
| Basic and diluted |
70,859 |
46,017 |
22,880 |