Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Accrued Revenue and Accounts Receivable

The Company’s accrued revenue and accounts receivable consisted of the following as of the dates indicated (in thousands):

	December 31, 2024		December 31, 2023
Accrued revenue	$	121,836	$	104,832
Accounts receivable	1,525		2,515
Total accrued revenue and accounts receivable	$	123,361	$	107,347

Schedule of Accounts Payable and Accrued Expenses

The Company’s accounts payable and accrued expenses consisted of the following as of the dates indicated (in thousands):

	December 31, 2024		December 31, 2023
Accrued interest expense	$	9,064	$	12,178
Ad valorem taxes payable	12,281		10,364
Payable to seller for pre-effective monies	3,393		2,268
Accrued general and administrative	2,006		1,889
Payable to buyer for post-effective monies	144		1,427
Income taxes payable	16,918		1,592
Other taxes payable	1,117		—
Other	1,462		332
Total accounts payable and accrued expenses	$	46,385	$	30,050

Schedule of Revenues from to Major Operators

During the years ended December 31, 2024, 2023, and 2022, the following operators represented 10% or more of total revenues:

	Year Ended December 31,
	2024	2023	2022
ConocoPhillips Company (NYSE: COP)	11%	*	*
Oxy USA Inc. (NYSE: OXY)	10%	*	*
Exxon Mobil Corporation (NYSE: XOM)	10%	*	*
Chevron Corporation (NYSE: CVX)	*	10%	*
Callon Petroleum Company (NYSE: CPE)	*	*	12%

*Operator did not account for greater than 10% of revenue for the year.