Transactions with Related Parties

6 Months Ended

Mar. 31, 2022

Contract Services

RPOC provides certain administrative services to Combo Resources, LLC ("Combo") and is also the contract operator on behalf of Combo in exchange for a monthly fee of $100 thousand and reimbursement of all third party expenses pursuant to a contract services agreement. Additionally, RPOC provides certain administrative and operational services to Riley Exploration Group, LLC ("REG") in exchange for a monthly fee of $100 thousand pursuant to a contract services agreement.

The following table presents revenues from contract services for related parties:


	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
	(In thousands)
Combo	$	300	$	300	$	600	$	600
REG	300		300		600		600
Contract services - related parties	$	600	$	600	$	1,200	$	1,200

Cost of contract services	$	85	$	91	$	235	$	239

The Company had amounts due from Combo of $1.1 million and $0.5 million at March 31, 2022 and September 30, 2021, respectively, which are reflected in accounts receivable - related parties on the accompanying condensed consolidated balance sheets. There were no amounts due to the Company from REG as of March 31, 2022 and September 30, 2021.

Consulting and Legal Fees

On January 25, 2022, the Company and di Santo Law PLLC ("di Santo Law"), a law firm owned by a member of our Board of Directors, entered into an engagement letter that provides a monthly fixed fee in exchange for general corporate legal services. The agreement has an initial term of one year and provides for a monthly cash payment of $30,000 and an aggregate one-time grant of 10,500 shares of restricted stock that will vest in four equal installments at the end of each quarter in calendar year 2022. Prior to entry into this agreement, di Santo Law's attorneys provided legal services to the Company based on hourly rates. The Company incurred legal fees from di Santo Law of approximately $0.2 million for both of the three month periods ended March 31, 2022 and 2021.The Company incurred legal fees from di Santo Law of approximately $0.4 million for both of the six month periods ended March 31, 2022 and 2021. As of March 31, 2022 and September 30, 2021, the Company had approximately $0.4 million and $0.8 million accrued for di Santo Law. Such amounts were included in accounts payable - related parties in the accompanying condensed consolidated balance sheets.