2019 Q1 Form 10-K Financial Statement

#000160206519000007 Filed on February 15, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2017 Q4 2017 Q3
Revenue $61.59M $49.97M $42.53M
YoY Change -0.95% 78.95% 112.7%
Cost Of Revenue $3.690M $2.940M $2.830M
YoY Change -12.97% 108.51% 97.9%
Gross Profit $57.90M $56.29M $39.71M
YoY Change -0.07% 112.33% 113.84%
Gross Profit Margin 94.01% 112.65% 93.36%
Selling, General & Admin $1.700M $1.530M $1.570M
YoY Change -37.27% 20.47% 28.69%
% of Gross Profit 2.94% 2.72% 3.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.20M $11.90M $11.10M
YoY Change 40.87% 43.37% 63.24%
% of Gross Profit 27.98% 21.14% 27.95%
Operating Expenses $21.59M $13.46M $15.47M
YoY Change 16.84% 40.21% 64.48%
Operating Profit $40.00M $42.83M $27.07M
YoY Change -8.46% 153.25% 155.49%
Interest Expense -$4.549M -$1.050M $859.0K
YoY Change -316.83% 15.38% 30.55%
% of Operating Profit -11.37% -2.45% 3.17%
Other Income/Expense, Net -$301.0K $300.0K -$460.0K
YoY Change -62.7% 15.38% 17.35%
Pretax Income $39.70M $42.07M $26.61M
YoY Change -7.44% 158.89% 160.85%
Income Tax -$34.61M $0.00
% Of Pretax Income -87.17% 0.0%
Net Earnings $33.78M $42.07M $26.61M
YoY Change -21.25% 158.89% 160.85%
Net Earnings / Revenue 54.84% 84.19% 62.56%
Basic Earnings Per Share
Diluted Earnings Per Share $608.9K $368.7K $241.0K
COMMON SHARES
Basic Shares Outstanding 51.65M shares 113.9M shares 113.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.10M $24.20M $4.400M
YoY Change -44.51% 163.04% -43.59%
Cash & Equivalents $10.13M $24.20M $4.438M
Short-Term Investments
Other Short-Term Assets $258.0K $355.0K $147.0K
YoY Change -28.53% 89.84% 58.06%
Inventory
Prepaid Expenses
Receivables $38.08M $25.75M $17.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $55.85M $55.45M $25.43M
YoY Change 3.64% 136.83% 39.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.540B $914.4M $887.9M
YoY Change 45.64% 49.44% 60.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $21.26M $36.85M $34.93M
YoY Change 12.92% 4.5% 0.09%
Total Long-Term Assets $1.712B $957.6M $922.8M
YoY Change 59.05% 47.97% 57.18%
TOTAL ASSETS
Total Short-Term Assets $55.85M $55.45M $25.43M
Total Long-Term Assets $1.712B $957.6M $922.8M
Total Assets $1.767B $1.013B $948.2M
YoY Change 56.4% 51.08% 56.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.000K $2.960M $110.0K
YoY Change -98.61% 66.29% 197.3%
Accrued Expenses $2.800M $2.700M $2.700M
YoY Change 47.37% 575.0% 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.780M $5.629M $2.857M
YoY Change 11.47% 161.69% 59.61%
LONG-TERM LIABILITIES
Long-Term Debt $157.0M $93.50M $35.50M
YoY Change -34.72% -22.41% -34.86%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $157.0M $93.50M $35.50M
YoY Change -34.72% -22.41% -34.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.780M $5.629M $2.857M
Total Long-Term Liabilities $157.0M $93.50M $35.50M
Total Liabilities $159.8M $99.13M $38.36M
YoY Change -34.25% -19.18% -31.86%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $819.0M $913.9M $909.9M
YoY Change
Total Liabilities & Shareholders Equity $1.767B $1.013B $948.2M
YoY Change 56.4% 51.08% 56.63%

Cashflow Statement

Concept 2019 Q1 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $33.78M $42.07M $26.61M
YoY Change -21.25% 158.89% 160.85%
Depreciation, Depletion And Amortization $16.20M $11.90M $11.10M
YoY Change 40.87% 43.37% 63.24%
Cash From Operating Activities $46.45M $45.10M $32.70M
YoY Change -5.59% 105.0% 96.99%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$81.90M -$43.00M -$178.4M
YoY Change -45.36% -36.67% 41.03%
Cash From Investing Activities -$81.92M -$43.00M -$178.4M
YoY Change -45.35% -36.67% 41.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $22.93M 17.50M 148.7M
YoY Change -75.76% -63.0% 33.24%
NET CHANGE
Cash From Operating Activities $46.45M 45.10M 32.70M
Cash From Investing Activities -$81.92M -43.00M -178.4M
Cash From Financing Activities $22.93M 17.50M 148.7M
Net Change In Cash -$12.54M 19.60M 3.000M
YoY Change 105.62% 1300.0% 76.47%
FREE CASH FLOW
Cash From Operating Activities $46.45M $45.10M $32.70M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2018Q4 us-gaap Capitalized Costs Unproved Properties
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CashAndCashEquivalentsAtCarryingValue
539000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24197000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22676000 USD
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8674000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
14984000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1521000 USD
CY2017Q4 us-gaap Commitments And Contingencies
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USD
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2018 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
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24367000 USD
CY2016 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
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205826000 USD
CY2017 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
343079000 USD
CY2018 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties
CostsIncurredAcquisitionOfOilAndGasProperties
612816000 USD
CY2016 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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31441000 USD
CY2017 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
55948000 USD
CY2018 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
256055000 USD
CY2016 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
174385000 USD
CY2017 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
287131000 USD
CY2018 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
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356761000 USD
CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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-18651000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
151000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
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151000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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-72516000 USD
CY2016Q4 us-gaap Deferred Finance Costs Noncurrent Net
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2159000 USD
CY2017Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
4419000 USD
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
5457000 USD
CY2017Q4 us-gaap Deferred Income Tax Assets Net
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0 USD
CY2018Q4 us-gaap Deferred Income Tax Assets Net
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96883000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-72516000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross Noncurrent
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96883000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
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96883000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net Current
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96883000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2131000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
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8286000 USD
CY2018Q4 us-gaap Deferred Tax Assets Other
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0 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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94468000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
0 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
0 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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0 USD
CY2016 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
29820000 USD
CY2017 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
40519000 USD
CY2018 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
58830000 USD
CY2017Q4 us-gaap Deposits Assets Noncurrent
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6304000 USD
CY2018Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
0 USD
CY2016 us-gaap Development Wells Drilled Net Productive
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33
CY2017 us-gaap Development Wells Drilled Net Productive
DevelopmentWellsDrilledNetProductive
96
CY2018 us-gaap Development Wells Drilled Net Productive
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133
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.3798
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2016 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2017 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2018 us-gaap Gain Loss On Investments
GainLossOnInvestments
-550000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5209000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6296000 USD
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7955000 USD
CY2017Q4 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
0 USD
CY2018Q4 us-gaap General Partners Capital Account
GeneralPartnersCapitalAccount
1000000 USD
CY2018 us-gaap General Partners Capital Account Distribution Amount
GeneralPartnersCapitalAccountDistributionAmount
31000 USD
CY2018Q2 us-gaap General Partners Contributed Capital
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1000000 USD
CY2016 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
47469000 USD
CY2017 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2018 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10899000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
111478000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
190512000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-71878000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
764000 USD
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1251000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-72365000 USD
CY2018 us-gaap Income Tax Reconciliation Deductions Other
IncomeTaxReconciliationDeductionsOther
24973000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
40008000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
119000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
14279000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-4000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
0 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
0 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4144000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15711000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13069000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
1672000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-1653000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
151000 USD
CY2016 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1945000 USD
CY2017 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1298000 USD
CY2018 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2545000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-224000 USD
CY2017 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
177000 USD
CY2018 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
28000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2017 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-500000 USD
CY2018 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2016 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2455000 USD
CY2017 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-3164000 USD
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-13849000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
1953000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
2589000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
12438000 USD
CY2017Q4 us-gaap Land
Land
0 USD
CY2018Q4 us-gaap Land
Land
5688000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
99129000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
417022000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1013037000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1654064000 USD
CY2017Q4 us-gaap Liabilities Current
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5629000 USD
CY2018Q4 us-gaap Liabilities Current
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6022000 USD
CY2017Q4 us-gaap Limited Partners Capital Account
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CY2018Q4 us-gaap Limited Partners Capital Account
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540112000 USD
CY2018Q2 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
10000 USD
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LimitedPartnersCapitalAccountDistributionAmount
9574000 USD
CY2017 us-gaap Limited Partners Capital Account Distribution Amount
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CY2017Q4 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
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CY2018 us-gaap Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
98333000 USD
CY2017Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
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CY2018Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
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CY2017Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
113882045 shares
CY2018Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
51653956 shares
CY2018Q4 us-gaap Line Of Credit
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CY2018Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
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555000000 USD
CY2018Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000000 USD
CY2018Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
144000000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
145768000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
219844000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
368239000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-205721000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-344079000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
68627000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
139219000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
244493000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-10899000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
111478000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
42896000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
99404000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
2346000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2018 us-gaap Net Income Loss
NetIncomeLoss
143958000 USD
CY2016 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-10899000 USD
CY2017Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
20652000 USD
CY2017Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
22149000 USD
CY2017Q3 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
26607000 USD
CY2017Q4 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
42070000 USD
CY2017 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
111478000 USD
CY2018Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
42896000 USD
CY2018Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
128464000 USD
CY2018Q3 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
50812000 USD
CY2018Q4 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
40705000 USD
CY2018 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
262877000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
29060000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
48466000 USD
CY2018Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
41393000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
118919000 USD
CY2016 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.13
CY2017Q1 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.22
CY2017Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.24
CY2017Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.23
CY2017 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.07
CY2018Q1 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.38
CY2018Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.35
CY2018Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.05
CY2018Q4 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.01
CY2018 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
2.01
CY2016 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.13
CY2017Q1 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.22
CY2017Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.23
CY2017Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.24
CY2017Q4 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.37
CY2017 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.07
CY2018Q1 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.38
CY2018Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.36
CY2018Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.05
CY2018Q4 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
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-0.01
CY2018 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
2.01
CY2016 us-gaap Nonoperating Income Expense
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CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2343000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-12475000 USD
CY2017Q4 us-gaap Notes Payable
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93500000 USD
CY2018Q4 us-gaap Notes Payable
NotesPayable
411000000 USD
CY2017Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
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189466000 USD
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
248296000 USD
CY2017Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1103897000 USD
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1716713000 USD
CY2017Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
914431000 USD
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
1468417000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
88457000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
58212000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
85833000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-9311000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
21450000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
22479000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
27067000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
42825000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
113821000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
43703000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
54926000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
54846000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
49512000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
202987000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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2669000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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6022000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
355000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
257000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
36854000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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17831000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
867000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
821000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1924000 USD
CY2016 us-gaap Other Operating Income
OtherOperatingIncome
0 USD
CY2017 us-gaap Other Operating Income
OtherOperatingIncome
0 USD
CY2018 us-gaap Other Operating Income
OtherOperatingIncome
130000 USD
CY2017Q4 us-gaap Other Partners Capital
OtherPartnersCapital
0 USD
CY2018Q4 us-gaap Other Partners Capital
OtherPartnersCapital
990000 USD
CY2018 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-453000 USD
CY2017Q4 us-gaap Partners Capital
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913908000 USD
CY2017 us-gaap Payments Of Stock Issuance Costs
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433000 USD
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2652000 USD
CY2016 us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
205721000 USD
CY2017 us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
344079000 USD
CY2018 us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
610131000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4687000 USD
CY2016 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2017 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2018Q4 us-gaap Partners Capital
PartnersCapital
542102000 USD
CY2017 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
3050000 USD
CY2018 us-gaap Partners Capital Account Option Exercise
PartnersCapitalAccountOptionExercise
140000 USD
CY2016 us-gaap Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
93462000 USD
CY2017 us-gaap Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
369896000 USD
CY2018 us-gaap Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
303121000 USD
CY2016 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
3815000 USD
CY2017 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
2395000 USD
CY2018 us-gaap Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
2763000 USD
CY2018Q2 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
731500 shares
CY2018 us-gaap Partners Capital Account Units Unitbased Compensation
PartnersCapitalAccountUnitsUnitbasedCompensation
110411 shares
CY2017Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
0 USD
CY2018Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
694940000 USD
CY2016 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
64824000 USD
CY2017 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
130876000 USD
CY2018 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
253483000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
442000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2259000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1039000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
546000 USD
CY2018 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
2000000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
125580000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
380412000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
305773000 USD
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
164000000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
278500000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
691500000 USD
CY2016 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
0 USD
CY2017 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
0 USD
CY2018 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
124000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
441000 USD
CY2016 us-gaap Production Tax Expense
ProductionTaxExpense
5544000 USD
CY2017 us-gaap Production Tax Expense
ProductionTaxExpense
10608000 USD
CY2018 us-gaap Production Tax Expense
ProductionTaxExpense
19048000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
-10899000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
111478000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
262877000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
914431000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1474105000 USD
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
78000000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
305500000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
374000000 USD
CY2014Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
500000 USD
CY2016 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
-4411000 USD
CY2017 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
108247000 USD
CY2018 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
204361000 USD
CY2016 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
79146000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
33652000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
36622000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
42533000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
59226000 USD
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
172033000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
62443000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
75406000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
78603000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
72368000 USD
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
288820000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
3815000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
2395000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
2763000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
8967545 shares
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
913908000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1237042000 USD
CY2016 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
83081000 shares
CY2017 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
104318000 shares
CY2018 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
71546000 shares
CY2016 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
83081000 shares
CY2017 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
104383000 shares
CY2018 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
71626000 shares
CY2016 us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
0 shares
CY2017 us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
65000 shares
CY2018 us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
80000 shares
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership does not require collateral and does not believe the loss of any single purchaser would materially impact the Partnership&#8217;s operating results, as crude oil and natural gas are fungible products with well-established markets and numerous purchasers.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership is subject to risk resulting from the concentration of the Partnership&#8217;s royalty interest revenues in producing oil and natural gas properties and receivables with several significant purchasers.</font></div></div>
CY2018 us-gaap Revenue Recognition Services Royalty Fees
RevenueRecognitionServicesRoyaltyFees
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Royalty Interest and Revenue Recognition</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Royalty interest represents the right to receive revenues (oil and natural gas sales), less production and operating taxes and post-production costs. Revenue is recorded when control passes to the producer. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Royalty interest has no rights or obligations to explore, develop or operate the property and does not incur any of the costs of exploration, development and operation of the property.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts included in or affecting the Partnership&#8217;s financial statements and related disclosures must be estimated by management, requiring certain assumptions to be made with respect to values or conditions that cannot be known with certainty at the time the financial statements are prepared. These estimates and assumptions affect the amounts the Partnership reports for assets and liabilities and the Partnership&#8217;s disclosure of contingent assets and liabilities at the date of the financial statements. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Partnership considers reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from the Partnership&#8217;s estimates. Any effects on the Partnership&#8217;s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include, but are not limited to, estimates of proved oil and natural gas reserves and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas properties, the recoverability of costs of unevaluated properties, unit&#8211;based compensation and estimate of income taxes.</font></div></div>

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