Attached files
| file | filename |
|---|---|
| 10-K/A - FORM 10-K AMENDMENT NO. 1 - QR Energy, LP | d322009d10ka.htm |
| EX-32.2 - SECTION 906 CERTIFICATION OF CFO - QR Energy, LP | d322009dex322.htm |
| EX-31.2 - SECTION 302 CERTIFICATION OF CFO - QR Energy, LP | d322009dex312.htm |
| EX-31.1 - SECTION 302 CERTIFICATION OF CEO - QR Energy, LP | d322009dex311.htm |
| EX-32.1 - SECTION 906 CERTIFICATION OF CEO - QR Energy, LP | d322009dex321.htm |
| EX-99.3 - REPORT OF MILLER AND LENTS, LTD - QR Energy, LP | d322009dex993.htm |
| EX-23.3 - CONSENT OF MILLER AND LENTS, LTD - QR Energy, LP | d322009dex233.htm |
Exhibit 99.2
QR ENERGY, LP
Certain Supplementary Unaudited Financial Information
(In Thousands, except percentages and per unit data)
| (1) | ||||||||
| Three Months Ended | Year Ended | |||||||
| December 31, 2011 | December 31, 2011 | |||||||
| Revenues: |
||||||||
| Oil and natural gas sales |
$ | 63,934 | $ | 257,903 | ||||
| Processing and other |
442 | 1,965 | ||||||
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|
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|
|
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| Total revenues |
64,376 | 259,868 | ||||||
| Operating Expenses: |
||||||||
| Production expenses |
22,860 | 88,057 | ||||||
| Depreciation, depletion and amortization |
20,059 | 78,354 | ||||||
| Accretion of asset retirement obligations |
669 | 2,702 | ||||||
| General and administrative and other |
9,089 | 31,666 | ||||||
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|
|
|
|
|||||
| Total operating expenses |
52,677 | 200,779 | ||||||
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|
|
|
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| Operating income |
11,699 | 59,089 | ||||||
| Other (expense) income: |
||||||||
| Realized (losses) gains on commodity derivatives |
7,871 | (72,053 | ) | |||||
| Unrealized gains (losses) on commodity derivatives |
(39,755 | ) | 120,478 | |||||
| Interest expense |
(6,366 | ) | (45,527 | ) | ||||
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|
|
|
|
|||||
| Total other income (expense), net |
(38,250 | ) | 2,898 | |||||
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|
|
|
|
|||||
| Income (loss) before income taxes |
(26,551 | ) | 61,987 | |||||
| Income tax (expense) benefit, net |
84 | (850 | ) | |||||
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|
|
|
|
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| Net income (loss) |
$ | (26,467 | ) | $ | 61,137 | |||
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|
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| Production data (2): |
||||||||
| Oil (MBbls) |
452 | 1,766 | ||||||
| Natural gas (MMcf) |
3,858 | 17,386 | ||||||
| Natural gas liquids (MBbls) |
155 | 427 | ||||||
| Total (Mboe) |
1,250 | 5,091 | ||||||
| Average Net Production (Boe/d) |
13,587 | 13,947 | ||||||
| Average sales price per unit excluding commodity derivatives: |
||||||||
| Oil (per Bbl) |
$ | 93.12 | $ | 92.10 | ||||
| Natural gas (per Mcf) |
$ | 4.06 | $ | 4.80 | ||||
| NGLs (per Bbl) |
$ | 55.75 | $ | 53.30 | ||||
| Average sales price per unit including commodity derivatives: |
||||||||
| Oil (per Bbl) |
$ | 95.84 | $ | 90.49 | ||||
| Natural gas (per Mcf) |
$ | 5.95 | $ | 5.67 | ||||
| NGLs (per Bbl) |
$ | 55.75 | $ | 53.30 | ||||
| Average unit cost per Boe: |
||||||||
| Lease operating expense |
$ | 14.15 | $ | 13.06 | ||||
| Production and other taxes |
$ | 3.35 | $ | 3.46 | ||||
| Depreciation, depletion and amortization |
$ | 16.05 | $ | 15.39 | ||||
| General and administrative expenses |
$ | 7.27 | $ | 6.22 | ||||
| (1) | Results of operations for the year ended December 31, 2011 have been recast to include financial information for assets acquired under common control. Refer to Note 2 of Notes to Consolidated Financial Statements included in Item 8. "Financial Statements and Supplementary Data" for the Partnership's accounting presentation for transactions between entities under common control. |
| (2) | Results for the three months and year ended December 31, 2011 include certain volumes for natural gas (95 MMcf and 461 MMcf, respectively) and natural gas liquids (36 MBbls and 164 MBbls, respectively) for which revenues are reported on a net basis. |