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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE    
Revenue from contracts with customers $ 93,043,000 $ 124,989,000
Gain (loss) on commodity derivative instruments 90,011,000 (41,183,000)
TOTAL REVENUE 183,054,000 83,806,000
OPERATING (INCOME) EXPENSE    
Lease operating expense 3,827,000 5,292,000
Production costs and ad valorem taxes 12,376,000 14,592,000
Exploration expense 1,000 4,000
Depreciation, depletion, and amortization 23,182,000 27,833,000
Impairment of oil and natural gas properties 51,031,000 0
General and administrative 11,856,000 21,214,000
Accretion of asset retirement obligations 272,000 277,000
TOTAL OPERATING EXPENSE 102,545,000 69,212,000
INCOME (LOSS) FROM OPERATIONS 80,509,000 14,594,000
OTHER INCOME (EXPENSE)    
Interest and investment income 31,000 46,000
Interest expense (4,427,000) (5,525,000)
Other income (expense) (1,000) (98,000)
TOTAL OTHER EXPENSE (4,397,000) (5,577,000)
NET INCOME (LOSS) 76,112,000 9,017,000
Distributions on Series B cumulative convertible preferred units 5,250,000 5,250,000
Distributions on Series B cumulative convertible preferred units (5,250,000) (5,250,000)
NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON AND SUBORDINATED UNITS 70,862,000 3,767,000
ALLOCATION OF NET INCOME (LOSS):    
General partner interest 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO THE GENERAL PARTNER AND COMMON AND SUBORDINATED UNITS 70,862,000 3,767,000
Common Units    
ALLOCATION OF NET INCOME (LOSS):    
Allocation of net income (loss) $ 70,862,000 $ 1,905,000
NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON AND SUBORDINATED UNIT:    
Per unit (basic) (in dollars per share) $ 0.34 $ 0.02
Weighted average units outstanding (basic) (in shares) 206,631 109,420
Per unit (diluted) (in dollars per share) $ 0.34 $ 0.02
Weighted average units outstanding (diluted) (in shares) 206,631 110,035
Subordinated units    
ALLOCATION OF NET INCOME (LOSS):    
Allocation of net income (loss) $ 0 $ 1,862,000
NET INCOME (LOSS) ATTRIBUTABLE TO LIMITED PARTNERS PER COMMON AND SUBORDINATED UNIT:    
Per unit (basic) (in dollars per share) $ 0 $ 0.02
Weighted average units outstanding (basic) (in shares) 0 96,329
Per unit (diluted) (in dollars per share) $ 0 $ 0.02
Weighted average units outstanding (diluted) (in shares) 0 96,329
Oil and condensate sales    
REVENUE    
Revenue from contracts with customers $ 52,093,000 $ 57,704,000
Natural gas and natural gas liquids sales    
REVENUE    
Revenue from contracts with customers 36,642,000 61,640,000
Lease bonus and other income    
REVENUE    
Revenue from contracts with customers $ 4,308,000 $ 5,645,000