v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flow from operating activities:        
Net income $ 6,062,148 $ 1,858,829 $ 9,139,577 $ 7,440,756
Adjustments to reconcile net income to cash from operating activities:        
Depreciation, depletion, amortization and accretion 5,332,120 7,194,457 11,039,068 14,447,032
Gain on mark-to-market of derivatives, net (1,081,062)   (1,081,062) 0
Changes in operating assets and liabilities:        
Accounts receivable     (2,375,531) 4,528,648
Other assets     101,020 125,388
Accounts payable and accrued expenses     (274,281) 282,504
Net cash flow provided by operating activities     16,548,791 26,824,328
Cash flow from investing activities:        
Additions to oil and natural gas properties     (651,964) (2,507,545)
Net cash flow used in investing activities     (651,964) (2,507,545)
Cash flow from financing activities:        
Payments on BancFirst revolving credit facility     0 (5,000,000)
Payments for state withholding taxes on behalf of limited partners     (675,000) (400,000)
Distributions paid to limited partners (6,600,000) (6,600,000) (13,281,432) (13,281,432)
Net cash flow used in financing activities     (13,956,432) (18,681,432)
Increase in cash and cash equivalents     1,940,395 5,635,351
Cash and cash equivalents, beginning of period     6,897,207 227,859
Cash and cash equivalents, end of period $ 8,837,602 $ 5,863,210 8,837,602 5,863,210
Interest paid     23,125 85,457
Supplemental non-cash information:        
Accrued capital expenditures related to additions to oil and natural gas properties     $ 758,524 $ 1,416,003