v3.25.2
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flow from operating activities:        
Net income $ 1,858,829 $ 5,009,717 $ 7,440,756 $ 10,280,353
Adjustments to reconcile net income to cash from operating activities:        
Depreciation, depletion, amortization and accretion 7,194,457 5,413,886 14,447,032 11,459,480
Changes in operating assets and liabilities:        
Accounts receivable     4,528,648 2,601,539
Other assets     125,388 147,426
Accounts payable and accrued expenses     282,504 (1,844,792)
Net cash flow provided by operating activities     26,824,328 22,644,006
Cash flow from investing activities:        
Additions to oil and natural gas properties     (2,507,545) (7,190,742)
Net cash flow used in investing activities     (2,507,545) (7,190,742)
Cash flow from financing activities:        
Cash paid for loan costs     0 (120,771)
Payments on BancFirst revolving credit facility     (5,000,000) 0
Payments for state withholding taxes on behalf of limited partners     (400,000) 0
Distributions paid to limited partners (6,600,000) (6,600,000) (13,281,432) (14,230,106)
Net cash flow used in financing activities     (18,681,432) (14,350,877)
Increase in cash and cash equivalents     5,635,351 1,102,387
Cash and cash equivalents, beginning of period     227,859 1,209,813
Cash and cash equivalents, end of period $ 5,863,210 $ 2,312,200 5,863,210 2,312,200
Interest paid     85,457 0
Supplemental non-cash information:        
Accrued capital expenditures related to additions to oil and natural gas properties     $ 1,416,003 $ 7,105,196