Transactions with Related Parties

12 Months Ended

Sep. 30, 2021

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. The monthly fee was $250 thousand through June 30, 2020, $150 thousand for July 1, 2020 and $100 thousand effective August 1, 2020. RPOC also has the option to participate as a working interest owner in Combo wells operated by RPOC. Combo was previously owned by Oakspring Energy Holdings, LLC ("Oakspring") and by a wholly-owned subsidiary of Riley Exploration Group, Inc. ("REG"). On December 31, 2020, Oakspring contributed its interest in Combo to certain investment funds of Yorktown Partners, LLC, and the wholly-owned subsidiary of REG contributed its interest in Combo to Riley Exploration Group, LLC. 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 September 30, 2021. Our Executive Vice President, Business Intelligence is the President of both REG and Combo, as well as a board member of Combo.

Additionally, RPOC provides certain administrative and operational services to 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:


	Year Ended September 30,
	2021		2020
	(In thousands)
Combo	$	1,200	$	2,600
REG	1,200		1,200
Contract services - related parties	$	2,400	$	3,800

Cost of contract services	$	477	$	503

The Company had amounts due from Combo of $0.5 million and $0.1 million at September 30, 2021 and 2020, respectively, which are reflected in accounts receivable - related parties on the accompanying consolidated balance sheets. There were no amounts due to the Company from REG as of September 30, 2021 or 2020.

Consulting and Legal Fees

The Company has an arrangement with one of its board members to provide certain legal and advisory services. For the years ended September 30, 2021 and 2020, the Company incurred legal fees from this board member or an entity associated with the board member of $1.0 million and $0.4 million, respectively. As of September 30, 2021 and 2020, the Company had $0.0 million and $0.2 million in amounts due to this board member or an entity associated with the board member for legal services. Such amounts were included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets.