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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Business Acquisition Pro Forma Financial Information

The following unaudited pro forma financial information (in thousands) presents a summary of the Partnership’s consolidated revenues, net income and net income per common unit for the twelve months ended December 31, 2014 and 2013 assuming the VantaCore and Sanish Field acquisitions had been completed as of January 1, 2013, including adjustments to reflect the values assigned to the net assets acquired:

	For the Years ended December 31,
	2014				2013
Total revenues and other income	$	533,517			$	579,933
Net income	$	122,319			$	197,164
Basic and diluted net income per common unit	$	9.90			$	16.00

VantaCore Partners LP

Schedule of Adjustments to the Estimated Fair Value

The accounting for the VantaCore acquisition is summarized as follows (in thousands):

	October 1, 2014
Consideration
Cash	$	168,978
NRP common units	31,604
Total consideration given	$	200,582
Allocation of Purchase Price
Current assets	$	37,222
Land, property and equipment	59,946
Mineral rights	111,500
Other assets	4,347
Current liabilities	(16,953		)
Asset retirement obligation	(1,005		)
Goodwill	5,525
Fair value of net assets acquired	$	200,582

Sanish Field [Member]

Schedule of Adjustments to the Estimated Fair Value

The accounting for the Sanish Field acquisition was completed in the second quarter of 2015 without significant changes during the measurement period and is summarized as follows (in thousands):

	November 12, 2014
Consideration
Cash	$	339,093
Allocation of Purchase Price
Mineral rights - proven oil and gas properties	298,293
Mineral rights - probable and possible oil and gas resources	40,800
Fair value of net assets acquired	$	339,093

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

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