ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015


	Year Ended December 31,
In thousands, except per-unit amounts	2015		2014
Pro forma operating revenues	$	90,453	$	149,949
Pro forma net income (loss)	$	(228,401)	$	18,082
Pro forma net income (loss) attributable to limited partners	$	(220,273)	$	17,438
Pro forma net income (loss) per limited partner common and subordinated units - basic and diluted	$	(10.85)	$	0.86

The Partnership (acquiree)

Acquisitions

Assumed purchase price, consideration transferred, assets acquired and liabilities assumed

The following tables summarize the assumed purchase price, fair value and the allocation to the assets acquired and liabilities assumed as of February 28, 2015 (in thousands):


Total assumed purchase price and fair value of Azure Midstream Partners, LP		$	393,171

The allocation of the assumed purchase price is as follows (in thousands):


Assumed purchase price allocation to Azure Midstream Partners, LP:
Current assets	$	123,022
Property, plant and equipment		193,316
Identifiable intangible assets		65,000
Goodwill		215,758
Other assets		3,418
Current liabilities		(11,161)
Long-term debt		(195,771)
Deferred income tax liability		(411)
Total assumed consideration and fair value of Azure Midstream Partners, LP	$	393,171

ETG System

Acquisitions

Assumed purchase price, consideration transferred, assets acquired and liabilities assumed

The following table summarizes the excess of consideration over the historical net carrying value of the assets acquired and liabilities assumed and net decrease to the statement of partners' capital at August 6, 2015 (in thousands):


Consideration for the ETG System:
Cash	$	80,000
Issuance of 255,319 common units		3,000
Total consideration		83,000
Assets acquired and liabilities assumed:
Current assets		11
Property, plant and equipment, net		87,594
Deferred tax asset		211
Other long-term liabilities		(11,625)
Net assets acquired		76,191
Excess of consideration over net assets acquired	$	6,809