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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 4,307 $ 8,876
Accounts receivable 135,697 97,142
Commodity derivative assets 31,472 0
Prepaid expenses and other current assets 1,905 1,956
TOTAL CURRENT ASSETS 173,381 107,974
PROPERTY AND EQUIPMENT    
Oil and natural gas properties, at cost, using the successful efforts method of accounting, includes unproved properties of $909,344 and $937,395 at December 31, 2022 and 2021, respectively 3,003,907 3,001,627
Accumulated depreciation, depletion, amortization, and impairment (1,916,919) (1,869,731)
Oil and natural gas properties, net 1,086,988 1,131,896
Other property and equipment, net of accumulated depreciation of $13,461 and $12,931 at December 31, 2022 and 2021, respectively 1,259 1,440
NET PROPERTY AND EQUIPMENT 1,088,247 1,133,336
DEFERRED CHARGES AND OTHER LONG-TERM ASSETS 9,454 6,611
TOTAL ASSETS 1,271,082 1,247,921
CURRENT LIABILITIES    
Accounts payable 6,773 5,944
Accrued liabilities 19,729 17,589
Commodity derivative liabilities 3,243 51,544
Other current liabilities 989 2,063
TOTAL CURRENT LIABILITIES 30,734 77,140
LONG-TERM LIABILITIES    
Credit facility 10,000 89,000
Accrued incentive compensation 1,884 838
Commodity derivative liabilities 16 2,001
Asset retirement obligations 15,030 12,561
Other long-term liabilities 3,606 2,752
TOTAL LIABILITIES 61,270 184,292
COMMITMENTS AND CONTINGENCIES (Note 11)
EQUITY    
Partners' equity — general partner interest 0 0
TOTAL EQUITY 911,451 765,268
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY 1,271,082 1,247,921
Series B Cumulative Convertible Preferred Units    
MEZZANINE EQUITY    
Partners' equity — Series B cumulative convertible preferred units, 14,711 and 14,711 units outstanding at December 31, 2022 and $2021, respectively 298,361 298,361
Common units    
EQUITY    
Partners' equity — common units, 209,407 and 208,666 units outstanding at December 31, 2022 and 2021, respectively $ 911,451 $ 765,268