Related Party Transactions |
6 Months Ended |
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Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions On July 1, 2016, the Predecessor entered into a separate services agreement with Vitesse Management and JETX Energy, LLC (“JETX”), formerly known as Juneau Energy, LLC, another entity owned by JFG with common management. Per this services agreement, Vitesse Management is to provide JETX certain administrative services and supervise, administer, and manage the business affairs and operations of JETX and its subsidiaries for a service provider fee of $0.2 million per month. The term of this service agreement extends for an unlimited amount of time; however, it is subject to termination by either Vitesse Management or JETX upon 30 days’ prior written notice, upon dissolution of JETX, upon the consent of the non-breaching party following an uncured material breach, or a final exit event. During each of the three and six months ended June 30, 2026 and 2025, the Company recorded its net share of fees from JETX of $0.7 million and $1.4 million, respectively, which is classified as a reduction to general and administrative expenses on the accompanying consolidated statements of operations. During the six months ended June 30, 2025, the Company incurred approximately $2.5 million in transaction costs payable to a related party in connection with the Lucero Acquisition. See Note 3 (“Oil and Gas Properties”).
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