Related Party Transactions |
6 Months Ended |
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Jun. 30, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions Management Services Agreement. On October 27, 2023, the Company entered into a management services agreement (the “MSA”) with Mach Resources. Under the MSA, Mach Resources manages and performs all aspects of oil and gas operations and other general and administrative functions for the Company and the Company (i) will pay Mach Resources an annual management fee of approximately $7.4 million and (ii) reimburse Mach Resources for the costs and expenses of the services provided. On a monthly basis, the Company distributes funding to Mach Resources for performance under the MSA. During the six months ended June 30, 2025 and 2024, the Company paid Mach Resources $57.2 million (inclusive of $3.7 million in management fees presented as general and administrative expense - related party in the statement of operations) and $56.9 million (inclusive of $3.7 million as management fees presented in general and administrative expense - related party in the statement of operations), respectively. During the three months ended June 30, 2025 and 2024, the Company paid Mach Resources $25.9 million (inclusive of $1.9 million in management fees presented as general and administrative expense - related party in the statement of operations) and $26.5 million (inclusive of $1.9 million as management fees presented in general and administrative expense - related party in the statement of operations), respectively. As of June 30, 2025 and December 31, 2024, the Company owed $1.8 million and $2.0 million, respectively, to Mach Resources, presented as accounts payable - related party. Common units purchased by BCE-Mach Aggregator In connection with the February 2025 Offering, BCE-Mach Aggregator, an affiliate of our General Partner, purchased 5,161,290 common units at the public offering price, which accounted for $79.2 million of the proceeds received by the Company in the February 2025 Offering, after deducting underwriting fees. In connection therewith, the underwriters received a reduced underwriting discount on such common units purchased by BCE-Mach Aggregator compared to other common units sold to the public in the February 2025 Offering.
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