Debt (Details) - USD ($) |
6 Months Ended | ||
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Feb. 27, 2024 |
May 13, 2021 |
Jun. 30, 2025 |
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Debt (Details) [Line Items] | |||
Line of Credit Facility, Commitment Fee Description | ●Previously under the BF Loan Agreement, the Partnership was required to pay a $30,000 annual administrative fee to the Lender. Because BancFirst will be the only Lender effective March 1, 2024, the administrative fee has been waived through the Revised Maturity Date. | ||
Line of Credit Facility, Current Borrowing Capacity | $ 20,000,000 | ||
Debt Instrument, Fee Amount | 100,000 | ||
Revolving Credit Facility [Member] | |||
Debt (Details) [Line Items] | |||
Debt Instrument, Face Amount | $ 60,000,000 | ||
Debt Instrument, Fee | origination fee of 0.50% of the Maximum Credit Amount, or $300,000. | ||
Debt Issuance Costs, Gross | $ 121,000 | $ 400,000 | |
Line of Credit Facility, Commitment Fee Description | The Partnership also paid an annual fee to the Lender of $30,000, and an unused facility fee of 0.25% on the unused portion of the BF Credit Facility, based on borrowings outstanding during a quarter. | ||
Line of Credit Facility, Description | the Partnership and its Lender entered into an amendment (“Fifth Amendment”) to the BF Loan Agreement, effective March 1, 2024 (“Effective Date”), that renewed and extended the BF Credit Facility for two additional years to March 1, 2026 (“Revised Maturity Date”). Key terms and conditions of the Fifth Amendment include: | ||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | ||
Debt Instrument, Minimum Interest Rate | 4.00% | ||
Line of Credit Facility, Collateral | The BF Credit Facility is secured by a mortgage and first lien position on certain of the Partnership’s producing wells | ||
Line of Credit Facility, Covenant Compliance | The Partnership is permitted to make distributions to its limited partners so long as the Partnership is in compliance with its debt service coverage ratio and no other event of default has occurred. |