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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 95,546,524 $ 11,714,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and depletion expense 33,359,915 25,076,429
Impairment of oil and natural gas properties 0 0
Amortization of right-of-use assets 237,839 221,294
Amortization of loan origination costs 1,381,717 1,148,066
Equity income in affiliate (3,658,460) (719,958)
Cash distribution from affiliate 3,770,651 664,916
Forfeiture of restricted units (19,813)  
Unit-based compensation 8,125,736 8,196,939
(Gain) loss on derivative instruments, net of settlements (1,271,103) 34,969,324
Changes in operating assets and liabilities:    
Oil, natural gas and NGL receivables (11,240,327) (13,130,343)
Accounts receivable and other current assets 455,642 (521,569)
Accounts payable 63,161 139,753
Other current liabilities 3,099,504 1,552,405
Operating lease liabilities (241,314) (228,891)
Net cash provided by operating activities 128,005,890 69,082,654
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (118,614) (740,584)
Purchase of oil and natural gas properties (443,977) (515,582)
Cash distribution from affiliate 3,465,376 500,389
Net cash used in investing activities (233,997,215) (755,777)
CASH FLOWS FROM FINANCING ACTIVITIES    
Costs associated with equity offering (325,508)  
Redemption of Class B contributions on converted units (470,000) (158,410)
Redemption on Series A preferred units   (36,075,370)
Distributions to common unitholders (75,928,696) (31,430,690)
Distribution to OpCo unitholders (15,139,895) (15,018,291)
Distribution and accretion on Series A preferred units   (2,362,509)
Distribution on Class B units (34,032) (59,170)
Borrowings on long-term debt 43,200,000 40,559,459
Repayments on long-term debt (56,400,000) (19,400,000)
Payment of loan origination costs (435,141) (343,853)
Restricted units repurchased for tax withholding (3,344,828) (1,144,264)
Net cash provided by (used in) financing activities 116,045,612 (65,433,098)
NET INCREASE IN CASH AND CASH EQUIVALENTS 10,054,287 2,893,779
CASH AND CASH EQUIVALENTS, beginning of period 7,052,414 9,804,977
CASH AND CASH EQUIVALENTS, end of period 17,106,701 12,698,756
Supplemental cash flow information:    
Cash paid for interest 8,032,309 5,446,245
Cash paid for taxes 3,067,374  
Non-cash investing and financing activities:    
Noncash effect of Series A preferred unit redemption   8,172,973
Noncash deemed distribution to Series A preferred units   5,643,423
Right-of-use assets obtained in exchange for operating lease liabilities   19,636
Recognition of tenant improvement asset 93,751 $ 479,167
Consolidated variable interest entities    
Changes in operating assets and liabilities:    
Interest earned on marketable securities in trust account (1,512,777)  
Other assets and liabilities (91,005)  
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 551,979  
Consolidated Entity, Excluding VIE    
Non-cash investing and financing activities:    
Deferred underwriting commissions $ 8,050,000