Attached files
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| 8-K - 8-K - Amplify Energy Corp | d458539d8k.htm |
Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
SOUTHERN AND WESTERN DISTRICTS OF TEXAS
HOUSTON DIVISION
| IN RE: |
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| § | ||||||
| Memorial Production Partners LP, et al. |
§ | CASE NO. 17-30262 | ||||
| § | CHAPTER 11 | |||||
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| DEBTOR |
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CHAPTER 11 POST-CONFIRMATION REPORT
FOR THE QUARTER ENDING SEPTEMBER 2017
| 1. ☑ Quarterly or ☐ Final (check one) |
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| 2. SUMMARY OF DISBURSEMENTS*: |
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| A. Disbursements made under the plan (itemize on page 3) |
$ | 0.00 | ||
| B. Disbursements not under the plan |
$ | 97,270,000.00 | ||
| Total Disbursements |
$ | 97,270,000.00 | ||
*ALL DISBURSEMENTS MADE BY THE REORGANIZED DEBTOR, UNDER THE PLAN OR OTHERWISE, MUST BE ACCOUNTED FOR AND REPORTED HEREIN FOR THE PURPOSE OF CALCULATING THE QUARTERLY FEES.
| 3. | Has the order confirming plan become final? | ☑ | Yes | ☐ | No | |||||||
| 4. | Are Plan payments being made as required under the Plan? | ☑ | Yes | ☐ | No | |||||||
| 5. | If “No”, what Plan payments have not been made and why? | |||||||||||
| Please explain: | N/A |
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| 6. | If plan payments have not yet begun, when will the first plan payment be made? (Date) |
| 7. | What date did the reorganized debtor or successor of the debtor under the plan assume the business or management of the property treated under the plan? 5/4/2017 (Date) |
| 8. | Please describe any factors which may materially affect your ability to obtain a final decree at this time. |
None
| 9. | Complete the form for Plan Disbursements attached. |
| 10. CONSUMMATION OF PLAN: |
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| A. If this is a final report, has an application for Final Decree been submitted*? |
INITIALS | |
| ☐ Yes Date application was submitted |
DATE | |
| ☒ No Date when application will be submitted |
UST USE ONLY | |
| *(if required by Local Rule) |
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| B. Estimated Date of Final Payment Under Plan |
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| I CERTIFY UNDER PENALTY OF PERJURY THAT THE ABOVE INFORMATION IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE. | ||||||||||||
| SIGNED: |
/s/ Matthew Hoss |
DATE: | 10/31/2017 | |||||||||
| Matthew Hoss |
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| (PRINT NAME) | ||||||||||||
Memorial Production Partners LP, et al.
3Q 2017 Consolidated Cash Flows
Amounts in thousands
| Jul-17 | Aug-17 | Sep-17 | 3Q 2017 | |||||||||||||||||
| Beginning Cash Balance |
$ | 10,951 | $ | 13,812 | $ | 17,558 | $ | 10,951 | 2 | ) | ||||||||||
| Receipts |
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| Collections |
$ | 33,592 | $ | 34,044 | $ | 32,507 | $ | 100,143 | ||||||||||||
| Other Receipts |
— | 1,035 | — | 1,035 | ||||||||||||||||
| Borrowing |
— | — | — | — | ||||||||||||||||
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| Total Receipts |
$ | 33,592 | $ | 35,079 | $ | 32,507 | $ | 101,178 | ||||||||||||
| Operating Disbursements |
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| LOE/Capex/Other Op. Ex. |
$ | 12,517 | $ | 12,125 | $ | 16,765 | $ | 41,407 | ||||||||||||
| G&A |
1,575 | 857 | 1,192 | 3,624 | ||||||||||||||||
| Payroll |
3,215 | 4,973 | 3,676 | 11,864 | ||||||||||||||||
| Royalties |
5,724 | 5,650 | 5,704 | 17,078 | ||||||||||||||||
| Taxes |
519 | 834 | 772 | 2,125 | ||||||||||||||||
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| Total Operating Disbursements |
$ | 23,550 | $ | 24,439 | $ | 28,109 | $ | 76,098 | ||||||||||||
| Non-Operating Disbursements |
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| Restructuring Fees |
$ | 248 | $ | 15 | $ | 121 | $ | 384 | ||||||||||||
| Bank Fees |
— | — | — | — | ||||||||||||||||
| Debt / Interest Payments |
6,933 | 6,879 | 6,976 | 20,788 | ||||||||||||||||
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| Total Non-Operating Disbursements |
$ | 7,181 | $ | 6,894 | $ | 7,097 | $ | 21,172 | ||||||||||||
| Net Plan Disbursements |
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| Plan Effects Receipts |
$ | — | $ | — | $ | — | $ | — | ||||||||||||
| Plan Effects Disbursements |
— | — | — | — | ||||||||||||||||
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| Total Net Plan Disbursements |
$ | — | $ | — | $ | — | $ | — | ||||||||||||
| Net Cash Flow |
$ | 2,861 | $ | 3,746 | $ | (2,699 | ) | $ | 3,908 | |||||||||||
| Ending Cash Balance |
$ | 13,812 | $ | 17,558 | $ | 14,859 | $ | 14,859 | 2 | ) | ||||||||||
Notes:
| 1) | This Disbursement Summary is unaudited and does not purport to represent financial statements prepared in accordance with generally accepted accounting principles nor are they intended to fully reconcile to the financial statements prepared by the Reorganized Debtor (“the Company”). Information contained in the Disbursement Summary has been derived from the Company’s books and records. Therefore, in order to comply with their obligations to provide quarterly reporting during the Chapter 11 case, the Company has prepared this quarterly report using the best information presently available to them. This Disbursement Summary is true and accurate to the best of the Company’s knowledge, information and belief based on current available data. The financial results contained herein are not necessarily indicative of results that may be expected for any other period or for the full year and may not necessarily reflect the consolidated financial results of the Company in the future. The information contained herein is unaudited, limited in scope, and subject to change. |
| 2) | Ending Cash Balances reflect only operating bank accounts and exclude restricted cash accounts |
UNITED STATES BANKRUPTCY COURT
| CASE NAME: |
Memorial Production Partners LP, et al. |
PETITION DATE: | 01/16/17 | |||||||||||||
| CASE NUMBER: | 17-30262 |
DISTRICT OF TEXAS: | Southern | |||||||||||||
| PLAN EFFECTIVE DATE: | 5/4/2017 |
DIVISION: | Houston | |||||||||||||
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Disbursement and Fee Summary - 3Q 2017
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| Disbursements | Fees In USD | |||||||||||||||
| Case Number | Entity Name | Jul-17 | Aug-17 | Sep-17 | 3Q17 Total | Fee | Balance Due per UST |
Difference | ||||||||
| 17-30262 |
Memorial Production Partners LP | — | — | — | — | 325 | 325 | — | ||||||||
| 17-30248 |
Memorial Production Finance Corporation | — | — | — | — | 325 | 325 | — | ||||||||
| 17-30249 |
San Pedro Bay Pipeline Company | 153,091 | 159,171 | 152,146 | 464,408 | 4,875 | 4,875 | — | ||||||||
| 17-30250 |
Rise Energy Beta, LLC | 2,073,531 | 1,936,499 | 2,198,862 | 6,208,891 | 13,000 | 13,000 | — | ||||||||
| 17-30251 |
Rise Energy Minerals, LLC | — | — | — | — | 325 | 325 | — | ||||||||
| 17-30252 |
Rise Energy Operating, LLC | — | — | — | — | 325 | 325 | — | ||||||||
| 17-30253 |
Beta Operating Company, LLC | 678,770 | 738,864 | 782,424 | 2,200,058 | 9,750 | 9,750 | — | ||||||||
| 17-30254 |
Columbus Energy, LLC | 1,252,399 | 1,150,037 | 1,313,312 | 3,715,748 | 10,400 | 10,400 | — | ||||||||
| 17-30255 |
WHT Carthage LLC | — | — | — | — | 325 | 325 | — | ||||||||
| 17-30256 |
WHT Energy Partners LLC | 552,600 | 518,783 | 665,793 | 1,737,175 | 6,500 | 6,500 | — | ||||||||
| 17-30257 |
Memorial Energy Services LLC | — | — | — | — | 325 | 325 | — | ||||||||
| 17-30258 |
Memorial Midstream LLC | — | — | — | 325 | 325 | — | |||||||||
| 17-30259 |
Memorial Production Operating LLC | 22,805,526 | 21,856,950 | 26,417,512 | 71,079,988 | 30,000 | 30,000 | — | ||||||||
| 17-30260 |
MEMP Services LLC | 3,215,049 | 4,973,036 | 3,675,547 | 11,863,633 | 13,000 | 13,000 | — | ||||||||
| 17-30261 |
Memorial Production Partners GP LLC | — | — | — | — | 325 | 325 | — | ||||||||
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| Total | 30,730,965 | 31,333,340 | 35,205,596 | 97,269,901 | 90,125 | 90,125 | — | |||||||||
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Notes: