Subsequent Events	6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Sabinal Acquisition On July 9, 2025, the Company entered into a Purchase and Sale Agreement with Sabinal Energy Operating, LLC, Sabinal Resources, LLC and Sabinal CBP, LLC (collectively, the “Sabinal Sellers”), pursuant to which the Company would acquire certain oil and gas assets located in certain designated lands in the Permian Basin, for consideration of approximately $500.0 million comprised of (i) $200.0 million in cash and (ii) 20.6 million common units (the “Sabinal Unit Consideration”), subject to certain customary purchase price adjustments (the “Sabinal Acquisition”). The Sabinal Unit Consideration has a value of approximately $300.0 million based on the volume weighted average price of the common units for the 10-day period prior to the announcement of the Sabinal Acquisition. The transaction is expected to close during the third quarter of 2025. Subsequent to June 30, 2025, the Company paid a deposit of $37.5 million with an escrow agent to ensure the Company’s and the Sabinal Sellers’ performance of their respective obligations. IKAV Acquisition On July 9, 2025, the Company entered into a membership interest purchase agreement with VEPU Inc. and Simlog Inc. (collectively, the “IKAV Sellers”), pursuant to which the Company would acquire one hundred percent (100%) of the IKAV Sellers’ membership interests in certain rights, titles and interests in oil and gas properties, rights and related assets located in certain designated lands in the San Juan Basin of New Mexico and Colorado, for consideration of approximately $787.2 million comprised of (i) $325.0 million in cash and (ii) 31.7 million common units (the “IKAV Unit Consideration”), subject to certain customary purchase price adjustments (the “IKAV Acquisition”). The IKAV Unit Consideration has a value of approximately $462.2 million based on the volume weighted average price of the common units for the 10-day period prior to the announcement of the IKAV Acquisition. The transaction is expected to close during the third quarter of 2025. Subsequent to June 30, 2025, the Company paid a deposit of $38.8 million with an escrow agent to ensure the Company’s and the IKAV Sellers’ performance of their respective obligations. Revolving Credit Facility Consent On July 8, 2025, the Company entered into a Letter Agreement (the “Letter Agreement”) among the Company, the lenders party thereto and Truist Bank, as administrative agent and collateral agent, relating to the New Revolving Credit Facility. Pursuant to the Letter Agreement, the lenders under the New Revolving Credit Facility waived certain restrictions to permitted payments with respect to certain financial covenants. Distribution Declaration On August 7, 2025, the Company declared its quarterly distribution for the second quarter of 2025 of $0.38 per common unit, which will be paid on September 4, 2025. The Company has evaluated subsequent events through the date of issuance of these financial statements to ensure that any subsequent events that met the criteria for recognition and disclosure in this Quarterly Report have been properly included.

On July 9, 2025, the Company entered into a Purchase and Sale Agreement with Sabinal Energy Operating, LLC, Sabinal Resources, LLC and Sabinal CBP, LLC (collectively, the “Sabinal Sellers”), pursuant to which the Company would acquire certain oil and gas assets located in certain designated lands in the Permian Basin, for consideration of approximately $500.0 million comprised of (i) $200.0 million in cash and (ii) 20.6 million common units (the “Sabinal Unit Consideration”), subject to certain customary purchase price adjustments (the “Sabinal Acquisition”). The Sabinal Unit Consideration has a value of approximately $300.0 million based on the volume weighted average price of the common units for the 10-day period prior to the announcement of the Sabinal Acquisition. The transaction is expected to

On July 9, 2025, the Company entered into a membership interest purchase agreement with VEPU Inc. and Simlog Inc. (collectively, the “IKAV Sellers”), pursuant to which the Company would acquire one hundred percent (100%) of the IKAV Sellers’ membership interests in certain rights, titles and interests in oil and gas properties, rights and related assets located in certain designated lands in the San Juan Basin of New Mexico and Colorado, for consideration of approximately $787.2 million comprised of (i) $325.0 million in cash and (ii) 31.7 million common units (the “IKAV Unit Consideration”), subject to certain customary purchase price adjustments (the “IKAV Acquisition”). The IKAV Unit Consideration has a value of approximately $462.2 million based on the volume weighted average price of the common units for the 10-day period prior to the announcement of the IKAV Acquisition. The transaction is expected to close during the third quarter of 2025. Subsequent to June 30, 2025, the Company paid a deposit of $38.8 million with an escrow agent to ensure the Company’s and the IKAV Sellers’ performance of their respective obligations.

On July 8, 2025, the Company entered into a Letter Agreement (the “Letter Agreement”) among the Company, the lenders party thereto and Truist Bank, as administrative agent and collateral agent, relating to the New Revolving Credit Facility. Pursuant to the Letter Agreement, the lenders under the New Revolving Credit Facility waived certain restrictions to permitted payments with respect to certain financial covenants.

The Company has evaluated subsequent events through the date of issuance of these financial statements to ensure that any subsequent events that met the criteria for recognition and disclosure in this Quarterly Report have been properly included.