|
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
|
| Revenues: | ||||
| Oil and gas | $ 53,161 | $ 42,565 | $ 100,819 | $ 93,270 |
| Derivative gains, net | 6,358 | 46,309 | 4,150 | 31,768 |
| Revenues | 59,519 | 88,874 | 104,969 | 125,038 |
| Costs and expenses: | ||||
| Oil and gas production | 13,927 | 11,047 | 28,014 | 22,019 |
| Production and ad valorem taxes | 4,333 | 4,033 | 8,480 | 7,827 |
| Depletion, depreciation and amortization | 7,941 | 4,986 | 14,825 | 9,818 |
| General and administrative | 1,843 | 1,773 | 3,741 | 3,660 |
| Accretion of discount on asset retirement obligations | 207 | 190 | 414 | 378 |
| Interest | 984 | 509 | 1,821 | 818 |
| Other | 0 | 315 | 0 | 748 |
| Total cost and expenses | 29,235 | 22,853 | 57,295 | 45,268 |
| Income before income taxes | 30,284 | 66,021 | 47,674 | 79,770 |
| Income tax provision | (366) | (772) | (586) | (951) |
| Net income | 29,918 | 65,249 | 47,088 | 78,819 |
| Allocation of net income applicable to the Partnership: | ||||
| General partner's interest | 30 | 65 | 47 | 79 |
| Limited partners' interest | 29,805 | 64,997 | 46,934 | 78,538 |
| Unvested participating securities' interest | 83 | 187 | 107 | 202 |
| Net income applicable to the Partnership | $ 29,918 | $ 65,249 | $ 47,088 | $ 78,819 |
| Net income per common unit - basic and diluted | $ 0.83 | $ 1.82 | $ 1.31 | $ 2.20 |
| Weighted average common units outstanding - basic and diluted | 35,714 | 35,714 | 35,714 | 35,714 |
| Distributions declared per common unit | $ 0.52 | $ 0.52 | $ 1.04 | $ 1.03 |