ADDED
As of February 20, 2026, the registrant had outstanding 93,396,488 common units representing limited partner interests and 14,491,540 Class B units representing limited partner units.
trade policy and the impact of tariffs may have a material adverse effect on our business and results of operations.
As of December 31, 2025, the estimated proved oil, natural gas and NGL reserves attributable to our interests in our underlying acreage were 72,944 MBoe (51.2% liquids, consisting of 30.1% oil and 21.1% NGLs) based on the reserve report prepared by Ryder Scott Company, L.P.
As of December 31, 2025, there were approximately 1,300 operators actively producing on our acreage, with our top ten operators (Conoco Phillips, Vital Energy, EOG Resources, Inc., Occidental Petroleum, Diamondback E P LLC, CPX Energy Operating LLC, Pioneer Natural Resources Company, Devon Energy Production Company, Ovintiv Exploration Inc.
and Verdun Oil Company) together accounting for approximately 47.1% of our revenues.
During the years ended December 31, 2025, 2024 and 2023, payments we received from our top purchaser accounted for approximately 7.7%, 9.1% and 6.7%, respectively, of our revenues.
As of December 31, 2025, there were 85 rigs (representing 16.1% market share of all rigs drilling in the continental United States as of such time) operating on our acreage compared to 87 rigs operating on our acreage as of December 31, 2024.
For the year ended December 31, 2025, our oil, natural gas and NGL revenues were generated 62% from oil sales, 25% from natural gas sales and 13% from NGL sales.
Of the $56.5 million, $13.4 million was approved in connection with the fourth quarter distribution and will be repaid in the first quarter of 2026.
The estimated proved oil, natural gas and NGL reserves attributable to our interests in our underlying acreage were 72,944 MBoe (51.2% liquids, consisting of 30.1% oil and 21.1% NGLs) based on the reserve report prepared by Ryder Scott.
REMOVED
As of February 21, 2025, the registrant had outstanding 92,502,231 common units representing limited partner interests and 14,491,540 Class B units representing limited partner units.
We previously identified a material weakness in our internal control over financial reporting that could have resulted in material misstatements in our financial statements.
All information as of December 31, 2024 excludes the assets acquired in the Boren Acquisition, which is described in Management s Discussion and Analysis of Financial Condition and Results of Operations Recent Developments Acquisitions.
As of December 31, 2024, the estimated proved oil, natural gas and NGL reserves attributable to our interests in our underlying acreage were 67,541 MBoe (49.6% liquids, consisting of 29.6% oil and 20.0% NGLs) based on the reserve report prepared by Ryder Scott Company, L.P.
As of December 31, 2024, there were approximately 1,400 operators actively producing on our acreage, with our top ten operators (Vital Energy, Occidental Petroleum, Pioneer Natural Resources Company, EP Energy E P Company, L.P., Verdad Oil Gas, Chesapeake Operating, Inc., EOG Resources, Inc., XTO Energy, Inc., SWN Production Company LLC and Comstock Oil Gas, Inc.) together accounting for approximately 41.2% of our revenues.
During the years ended December 31, 2024, 2023 and 2022, payments we received from our top purchaser accounted for approximately 9.1%, 6.7% and 11.3%, respectively, of our revenues.
As of December 31, 2024, there were 87 rigs (representing 15.2% market share of all rigs drilling in the continental United States as of such time) operating on our acreage compared to 98 rigs operating on our acreage as of December 31, 2023.
For the year ended December 31, 2024, our oil, natural gas and NGL revenues were generated 71% from oil sales, 16% from natural gas sales and 13% from NGL sales.
Of the $56.5 million, $14.3 million was approved in connection with the fourth quarter distribution and will be repaid in the first quarter of 2025.
The estimated proved oil, natural gas and NGL reserves attributable to our interests in our underlying acreage were 67,541 MBoe (49.6% liquids, consisting of 29.6% oil and 20.0% NGLs) based on the reserve report prepared by Ryder Scott.