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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Significant Accounting Policies
Significant accounting policies are disclosed in the Partnership’s 2025 Annual Report on Form 10-K. There have been no changes in such policies or the application of such policies during the six months ended June 30, 2026.
Accrued Revenue and Accounts Receivable

The following table presents information about the Partnership's accrued revenue and accounts receivable:
June 30, 2026December 31, 2025
(in thousands)
Accrued revenue$64,443 $62,679 
Accounts receivable6,617 2,893 
Total accrued revenue and accounts receivable$71,060 $65,572 
Accrued Liabilities
Accrued liabilities consisted of the following:
June 30, 2026December 31, 2025
 (in thousands)
Accrued incentive compensation$5,749 $7,824 
Accrued property taxes3,139 6,029 
Accrued lease operating expenses1,169 1,985 
Accrued general and administrative932 847 
Accrued seismic costs— 1,500 
Accrued other1,122 1,203 
Total accrued liabilities$12,111 $19,388 
Recent Accounting Pronouncements

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures, which enhances the disclosures required for certain expense captions in the Partnership's annual and interim consolidated financial statements. The guidance is effective for fiscal years beginning after December 15, 2026 and for interim periods beginning after December 15, 2027, with early adoption permitted. The Partnership is currently evaluating the impact of this standard on its disclosures.