Content analysis
?Positive | ||
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Uncertain | ||
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Legalese | ||
Litigous | ||
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H.S. sophomore Avg
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New words:
Additionally, adequate, approval, approved, assume, Assumed, assure, Buyer, consent, consummation, contemplated, create, creditor, diminish, discretion, dissolution, dissolve, dissolved, exact, fail, firm, ground, inherent, injunction, Inline, litigation, meaningful, mutual, page, payroll, PhiCap, promptly, PSA, resolution, Seller, subsidiary, timetable, unable, unexpected, Uniform, wind, winding, wound
Removed:
accelerate, appointment, attractive, convert, equity, maximize, portfolio, pursue, reduced, vigorously
Financial report summary
?Risks
- We cannot assure you of the exact amount or timing of any distribution to our unitholders.
- We will continue to incur claims, liabilities and expenses that will reduce the amount available for distribution out of the liquidation to unitholders.
- The payment of liquidation distributions, if any, to our unitholders could be delayed.
Management Discussion
- Production Profile. We have established a production position in the Eagle Ford Shale in south Texas, an oil-rich area, in which we acquired acreage in November 2014.
- Our oil and gas production revenues were higher in the current quarter as compared to the prior year period due to a $0.7 million increase in higher realized average sales prices, offset by a $0.1 million decrease in production volumes. Our oil and gas production revenues were higher in the six months ended June 30, 2021 as compared to the prior year period due to a $0.9 million increase in higher realized average sales prices, offset by a $0.3 million decrease in production volumes. For the six months ended June 30, 2020, as a result of economic conditions, the Company entered into agreements to sell May and June production at a fixed price for a fixed volume which negatively impacted our sold oil production volumes and realized average oil sales price.
- Our oil and gas production costs were higher in the current quarter as compared to the prior year period due to a $0.1 million increase in workover expenses. Our oil and gas production costs were lower in the six months ended June 30, 2021 as compared to the prior year period due to a $0.2 million decrease in production costs resulting from lower volumes offset by a $0.1 million increase in workover expenses.