v3.26.1
OIL AND NATURAL GAS PROPERTIES
6 Months Ended
Jun. 30, 2026
Extractive Industries [Abstract]  
OIL AND NATURAL GAS PROPERTIES OIL AND NATURAL GAS PROPERTIES    
Acquisitions
During the six months ended June 30, 2026, the Partnership acquired mineral and royalty interests that consisted primarily of unproved oil and natural gas properties in East Texas from various sellers for an aggregate of $48.7 million, including capitalized direct transaction costs, and were considered asset acquisitions. The consideration paid consisted of $45.9 million in cash that was funded with borrowings under the Credit Facility and funds from operating activities, and $2.8 million in equity, that was funded through the issuance of common units of the Partnership based on the fair values of the common units issued on the acquisition dates.
During the year ended December 31, 2025, the Partnership acquired mineral and royalty interests that consisted primarily of unproved oil and natural gas properties in East Texas from various sellers for an aggregate of $114.5 million, including capitalized direct transaction costs, and were considered asset acquisitions. The consideration paid consisted of $107.1 million in cash that was funded with borrowings under the Credit Facility and funds from operating activities, and $7.4 million in equity, that was funded through the issuance of common units of the Partnership based on the fair value of the common units issued on the acquisition dates.