| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income (loss) | ||||||
214,368 | 295,560 | 157,153 | 20,188 | -101,305 | 169,187 | 168,963 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Depreciation, depletion, and amortization | ||||||
109,584 | 122,653 | 114,534 | 102,487 | 104,298 | 111,962 | 102,442 |
Impairment of oil and natural gas properties | ||||||
- | - | - | 6,775 | 249,569 | 117,930 | 57,109 |
Accretion of asset retirement obligations | ||||||
1,117 | 1,103 | 1,026 | 892 | 1,075 | 1,060 | 588 |
Amortization of deferred charges | ||||||
1,041 | 905 | 877 | 871 | 935 | 965 | 968 |
(Gain) loss on commodity derivative instruments | ||||||
-4,955 | 14,831 | 26,902 | -36,464 | 90,288 | 37,336 | -5,860 |
Net cash (paid) received on settlement of commodity derivative instruments | ||||||
-27,862 | 38,235 | -15,211 | -44,789 | -63,225 | 1,947 | -1,490 |
Equity-based compensation | ||||||
20,484 | 30,134 | 33,044 | 43,138 | 18,000 | 11,340 | 6,782 |
Exploratory dry hole expense | ||||||
3 | 6,785 | 0 | 0 | - | - | - |
Deferred rent | ||||||
0 | 1,283 | 0 | 0 | - | - | - |
(Gain) loss on sale of assets, net | ||||||
0 | 3 | 931 | 4,793 | 4,873 | -32 | 18 |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-35,044 | 31,531 | 6,084 | 29,759 | -33,586 | -17,210 | 15,046 |
Prepaid expenses and other current assets | ||||||
167 | -210 | 177 | 180 | -95 | -453 | 1,256 |
Accounts payable, accrued liabilities, and other | ||||||
-1,191 | 11,474 | -5,671 | -23,899 | 11,221 | 8,003 | -7,085 |
Deferred revenue | ||||||
- | - | - | - | -660 | -2,589 | - |
Settlement of asset retirement obligations | ||||||
-380 | -129 | -228 | -317 | -143 | -145 | -33 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||
412,720 | 385,378 | 281,852 | 196,656 | 284,735 | 396,125 | 320,764 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Acquisitions of oil and natural gas properties | ||||||
43,051 | 124,081 | 425,667 | 141,136 | 62,278 | 45,552 | 121,562 |
Additions to oil and natural gas properties | ||||||
64,782 | 166,970 | 55,842 | 79,003 | 54,244 | 74,201 | 73,650 |
Payments To Acquire Oil And Gas Leasehold Costs | ||||||
980 | 6,263 | 2,806 | - | - | - | - |
Additions to oil and natural gas properties leasehold costs | ||||||
- | - | - | 1,176 | - | - | - |
Purchases of other property and equipment | ||||||
2,488 | 21 | 207 | 425 | 181 | 827 | 493 |
Proceeds from the sale of oil and natural gas properties | ||||||
1,174 | 9,009 | 11,102 | 198 | 25,705 | 19,470 | 74 |
Proceeds from farmouts of oil and natural gas properties | ||||||
61,504 | 124,522 | 19,171 | 0 | 0 | - | - |
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | ||||||
-48,623 | -163,804 | -454,249 | -221,542 | -90,998 | -101,110 | -195,631 |
Proceeds from issuance of common units, net of offering costs | ||||||
-43 | 40,537 | 32,458 | 0 | 399,087 | -7,587 | - |
Proceeds from issuance of Series B cumulative convertible preferred units, net of offering costs | ||||||
0 | 0 | 293,469 | 0 | 0 | - | - |
Distributions to noncontrolling interests | ||||||
0 | 211 | 120 | 111 | 208 | 0 | - |
Distributions equivalents paid | ||||||
2,981 | 0 | 0 | - | - | - | - |
Redemption of Series A redeemable preferred units | ||||||
0 | 2,115 | 19,704 | 18,461 | 40,747 | 0 | - |
Repurchases of common units | ||||||
- | - | - | - | - | 5,199 | 118,108 |
Contributions from Predecessor unitholders | ||||||
- | - | - | - | - | - | 191,611 |
Purchase of noncontrolling interests | ||||||
0 | 1,706 | 0 | 0 | - | - | 60,719 |
Borrowings under credit facility | ||||||
334,500 | 373,500 | 292,500 | 349,000 | 245,600 | - | - |
Repayments under credit facility | ||||||
350,500 | 351,500 | 220,500 | 99,000 | - | 287,000 | 46,100 |
Repayments under credit facility | ||||||
- | - | - | - | -573,600 | 230,000 | 134,000 |
Debt issuance costs and other | ||||||
0 | 1,242 | 3,075 | 239 | 1,376 | 0 | 1,660 |
Note receivable-officers | ||||||
- | - | - | - | - | 101 | 101 |
Repurchases of common and subordinated units | ||||||
- | - | - | - | - | 0 | - |
NET CASH USED IN FINANCING ACTIVITIES | ||||||
-361,392 | -221,802 | 168,267 | 21,425 | -195,307 | -310,335 | -142,311 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | ||||||
2,705 | -228 | -4,130 | -3,461 | -1,570 | -15,320 | -17,178 |
SUPPLEMENTAL DISCLOSURE | ||||||
Interest paid | ||||||
20,470 | 19,761 | 14,761 | 6,535 | 5,478 | 12,754 | 10,344 |
NON-CASH ACTIVITIES | ||||||
Conversion of Series A redeemable preferred units | ||||||
- | - | - | - | 39,240 | 221 | - |
Accrued distributions payable to Series A redeemable preferred unitholders | ||||||
- | - | - | - | -2,016 | -4 | 10 |
Accrued distributions payable to Series B cumulative convertible preferred unitholders | ||||||
- | - | - | - | 0 | - | - |
Additions to oil and natural gas properties financed through accounts payable and accrued liabilities | ||||||
- | - | - | - | 21,496 | 14,130 | 23,029 |
Public offering costs capitalized and offset against proceeds from initial public offering | ||||||
- | - | - | - | 7,587 | 0 | - |
Asset retirement obligations incurred and revisions in estimated costs | ||||||
- | - | - | - | 272 | 2,505 | 164 |
Accrued distribution equivalent rights | ||||||
- | - | - | - | 159 | 0 | - |
Liabilities assumed as consideration for oil and natural gas properties acquired | ||||||
- | - | - | - | - | 7,000 | - |
Acquisition of oil and natural gas properties financed through issuance of Predecessor units | ||||||
- | - | - | - | - | 2,258 | 227,119 |
Deferred revenue (settled) assumed through acquisition of oil and natural gas properties | ||||||
- | - | - | - | - | -2,657 | 902 |
Contributions through exchange of noncontrolling interests | ||||||
- | - | - | - | - | - | 1,019,340 |
Distributionsproperty | ||||||
- | - | - | - | - | - | 19,029 |
Common and Subordinated Units | ||||||
Distributions to unitholders | ||||||
304,439 | 250,121 | 194,799 | 175,943 | - | - | - |
Repurchases of common units | ||||||
16,929 | 10,579 | 8,185 | 27,436 | - | - | - |
Preferred Units | ||||||
Distributions to unitholders | ||||||
0 | 690 | 3,777 | 6,385 | - | - | - |