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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 51,701,410 $ 4,247,793
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and depletion expense 22,033,124 16,247,912
Impairment of oil and natural gas properties 0 0
Amortization of right-of-use assets 157,298 145,701
Amortization of loan origination costs 901,660 753,484
Equity income in affiliate (3,634,733) (458,622)
Cash distribution from affiliate 3,770,651 490,280
Forfeiture of restricted units (19,813)  
Unit-based compensation 5,143,833 5,436,411
Loss on derivative instruments, net of settlements 12,116,997 23,717,554
Changes in operating assets and liabilities:    
Oil, natural gas and NGL receivables (18,448,369) (6,165,387)
Accounts receivable and other current assets 906,119 (576,667)
Accounts payable 741,972 139,620
Other current liabilities 1,859,036 134,911
Operating lease liabilities (159,717) (152,876)
Net cash provided by operating activities 76,455,640 43,960,114
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (75,398) (693,114)
Purchase of oil and natural gas properties (443,977) (515,582)
Cash distribution from affiliate 3,465,376 185,603
Net cash used in investing activities (233,953,999) (1,023,093)
CASH FLOWS FROM FINANCING ACTIVITIES    
Costs associated with equity offering (325,508)  
Redemption of Class B contributions on converted units (470,000) (158,410)
Distributions to common unitholders (44,396,188) (18,126,584)
Distribution to OpCo unitholders (10,375,726) (9,558,702)
Distribution and accretion on Series A preferred units   (1,925,006)
Distribution on Class B units (25,821) (41,560)
Borrowings on long-term debt 36,200,000 4,484,089
Repayments on long-term debt (37,200,000) (13,100,000)
Payment of loan origination costs (435,142) (210,938)
Restricted units repurchased for tax withholding (3,344,828) (1,144,264)
Net cash provided by (used in) financing activities 164,550,499 (39,781,375)
NET INCREASE IN CASH AND CASH EQUIVALENTS 7,052,140 3,155,646
CASH AND CASH EQUIVALENTS, beginning of period 7,052,414 9,804,977
CASH AND CASH EQUIVALENTS, end of period 14,104,554 12,960,623
Supplemental cash flow information:    
Cash paid for interest 5,032,259 3,434,483
Cash paid for taxes 2,043,374  
Non-cash investing and financing activities:    
Noncash deemed distribution to Series A preferred units   $ 1,230,930
Recognition of tenant improvement asset 62,501  
Consolidated variable interest entities    
Changes in operating assets and liabilities:    
Interest earned on marketable securities in trust account (324,521)  
Other assets and liabilities (289,307)  
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in marketable securities (236,900,000)  
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment of underwriting commissions with equity offering of Kimbell Tiger Operating Company, net of adjustments (2,661,288)  
Proceeds from initial public offering of Kimbell Tiger Operating Company 227,585,000  
CASH AND CASH EQUIVALENTS, end of period 786,721  
Consolidated Entity, Excluding VIE    
Non-cash investing and financing activities:    
Deferred underwriting commissions $ 8,050,000