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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS

Advisory Services Agreement - Viper

In connection with the closing of the Viper Offering, Viper and Viper’s General Partner entered into an advisory services agreement (the “Viper Advisory Services Agreement”) with Wexford, dated as of June 23, 2014, under which Wexford provided Viper and Viper’s General Partner with general financial and strategic advisory services related to the business in return for an annual fee of $500,000, plus reasonable out-of-pocket expenses. The Advisory Services Agreement was terminated on November 12, 2018 and Viper’s payment obligation ended in June 2019. During 2019, Viper did not pay any amounts under the Advisory Services Agreement. For the year ended December 31, 2018, Viper did not pay any amounts under the Advisory Services Agreement.

Lease Bonus - Viper
During the year ended December 31, 2019, the Company paid Viper $277,977 in lease bonus payments to extend the term of six leases and $182,646 in lease bonus payments for four new leases. During the year ended December 31, 2018, the Company paid Viper $3 million in lease bonus payments to extend the term of 13 leases and less than $1 million in lease bonus payments for one new lease. During the year ended December 31, 2017, the Company paid Viper $105,690 in lease bonus payments to extend the term of two leases.
Please see Note 4—Viper Energy Partners LP for additional information regarding relationships between the Company and Viper.
Rattler Offering
Please see Note 5—Rattler Midstream LP for information regarding relationships between the Company and Rattler.