Transactions with Related Parties

12 Months Ended

Dec. 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. Combo and REG are portfolio companies of Yorktown Energy Partners XI, L.P. ("Yorktown XI"), certain managed funds of which have investments in the Company (all deemed to be related parties). One of our executives held positions with REG and Combo at December 31, 2022. Our Executive Vice President, Business Intelligence is the President of both REG and Combo, as well as a board member of Combo.

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


	Year Ended December 31, 2022		Three Months Ended December 31, 2021		Year Ended September 30, 2021

	(In thousands)
Combo	$	1,200	$	300	$	1,200
REG	1,200		300		1,200
Contract services - related parties	$	2,400	$	600	$	2,400

Cost of contract services	$	450	$	150	$	477

The Company had amounts payable to Combo of $0.4 million and $0.2 million at December 31, 2022 and 2021, respectively, which are reflected in accounts payable - related parties on the accompanying consolidated balance sheets. Amounts due to Combo reflect the revenue, net of any expenditures for wells and fees due under the contract services agreement, for Combo's net working interest in wells that the Company operates on Combo's behalf.

Consulting and Legal Fees

The Company has an engagement agreement with di Santo Law PLLC ("di Santo Law"), a law firm owned by Beth di Santo, a member of our Board of Directors, pursuant to which di Santo Law's attorneys provide legal services to the Company. For the year ended December 31, 2022, the three months ended December 31, 2021, and year ended September 30, 2021, the Company incurred legal fees from di Santo Law of approximately $0.7 million, $0.2 million, and $1.0 million, respectively. As of December 31, 2022 there are no accrued amounts for di Santo Law. As of December 31, 2021, the Company had approximately $0.2 million in amounts accrued for di Santo Law, which was included in accrued liabilities in the accompanying consolidated balance sheets.