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CONDENSED COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income/(loss) $ 137,046 $ 56,671
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depletion and accretion expense 70,529 45,798
Change in unrealized (gain) loss on derivative contracts (5,600) 11,010
Amortization of loan origination costs 62 31
Increase (decrease) in cash attributable to changes in operating assets and liabilities:    
Revenue receivable (21,627) (22,941)
Prepaid expenses (4,028)  
Other assets 469 (469)
Accrued expenses (2,811) (1,800)
Net cash provided by operating activities 179,662 91,900
Investing activities:    
Acquisition of proved oil and gas properties (31,258) (67,012)
Proceeds from the disposal of oil and gas properties 741 3,041
Refund of advances to operators 971 2,298
Development of oil and gas properties (121,109) (63,113)
Net cash used in investing activities (150,655) (124,786)
Financing activities:    
Proceed from borrowing 16,000 46,000
Repayments of borrowing (46,000) (22,000)
Partners' contributions, net of change in contributions receivable 84 20,074
Net cash provided by financing activities (29,916) 44,074
Net increase/(decrease) in cash (909) 11,188
Cash at beginning of period 7,319 2,638
Cash at end of period 6,410 13,826
Supplemental disclosure of cash flow information    
Cash paid during the year for interest 317 392
Supplemental disclosure of non cash investing activities    
Oil and natural gas property development costs in accrued expenses 15,757 561
Acquired and assumed asset retirement obligations 633  
Revision of asset retirement costs 507  
Advances to operators applied to development of oil and natural gas properties $ 54,147 $ 24,880