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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 83,005,570 $ 130,794,286 $ 42,437,874
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and depletion expense 96,477,003 50,086,414 36,797,881
Impairment of oil and natural gas properties 18,220,173 0 0
Amortization of right-of-use assets 336,080 319,674 298,093
Amortization of loan origination costs 1,943,025 1,872,700 1,556,769
Loss on extinguishment of debt 480,244    
Equity income in affiliate   (2,668,844) (1,119,819)
Cash distribution from affiliate   3,770,651 1,015,559
Forfeiture of restricted units   (19,813)  
Unit-based compensation 13,111,522 11,107,639 10,632,725
(Gain) loss on derivative instruments, net of settlements (26,371,058) (14,300,570) 20,343,783
Changes in operating assets and liabilities:      
Oil, natural gas and NGL receivables (12,026,760) (11,846,567) (17,594,389)
Accounts receivable and other current assets 1,863,376 (511,319) (2,077,637)
Accounts payable 509,400 399,318 (77,716)
Other current liabilities 1,263,804 1,590,016 (463,828)
Operating lease liabilities (348,668) (324,913) (306,814)
Net cash provided by operating activities 174,267,667 166,636,493 91,442,481
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (141,297) (163,140) (772,688)
Purchase of oil and natural gas properties (490,665,514) (141,297,776) (55,300,252)
Proceeds from trust of variable interest entity 930,850    
Cash distribution from affiliate   3,637,015 500,389
Net cash used in investing activities (246,676,974) (374,723,901) (55,572,551)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the issuance of Series A preferred units, net of issuance costs 313,950,000    
Proceeds from equity offering, net of issuance costs 110,711,383 116,119,417 57,522,440
Contributions from Class B unitholders 268,461 363,641  
Redemption of Class B contributions on converted units (316) (470,000) (158,410)
Redemption on Series A preferred units     (67,081,680)
Distribution to common unitholders (120,372,624) (107,402,294) (47,309,785)
Distribution to OpCo unitholders (31,551,122) (19,323,523) (21,534,575)
Distribution on Series A preferred units (961,644)   (2,800,012)
Distribution on Class B units (88,786) (42,243) (76,780)
Borrowings on long-term debt 201,084,089 199,200,000 136,565,769
Repayments on long-term debt (139,900,000) (183,300,000) (91,000,000)
Payment of loan origination costs (6,744,636) (662,320) (684,767)
Restricted units repurchased for tax withholding (4,851,962) (3,344,828) (2,064,693)
Net cash provided by (used in) financing activities 78,375,409 226,061,562 (38,622,493)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,966,102 17,974,154 (2,752,563)
CASH AND CASH EQUIVALENTS, beginning of period 25,026,568 7,052,414 9,804,977
CASH AND CASH EQUIVALENTS, end of period 30,992,670 25,026,568 7,052,414
Supplemental cash flow information:      
Cash paid for interest 23,727,572 11,207,530 7,538,814
Cash paid for taxes 2,281,000 3,082,245  
Non-cash investing and financing activities:      
Units issued in exchange for oil and natural gas properties 92,038,856 120,292,459  
Noncash effect of Series A preferred unit redemption     14,893,784
Noncash deemed distribution to Series A preferred units 473,571   9,431,794
Distribution on Series A preferred units in accounts payable 4,875,000    
Recognition of tenant improvement asset 125,000 125,001 447,917
Right-of-use assets obtained in exchange for operating lease liabilities     $ 19,636
Consolidated variable interest entities      
Changes in operating assets and liabilities:      
Interest earned on marketable securities in trust account (3,508,691) (3,721,145)  
Other assets and liabilities (687,353) 88,966  
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid for transaction costs 31,553    
Cash received from investments held in trust 243,167,434    
Investment 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  
Redemption of Kimbell Tiger Acquisition Corporation equity units (243,167,434)    
CASH AND CASH EQUIVALENTS, beginning of period 390,850    
CASH AND CASH EQUIVALENTS, end of period   390,850  
Non-cash investing and financing activities:      
Reduction of deferred underwriting commission associated with redemption of Kimbell Tiger Acquisition Corporation equity units $ (8,050,000)    
Deferred underwriting commissions   $ 8,050,000