10-Q Filing

VITESSE ENERGY, INC. CIK: 1944558 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001944558-23-000054`
Period End Date	20230630
Filing Date	20230731
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	vitesse-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 90 Cash Flow Statement 76 Stockholders Equity 36

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$10.01M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$3.36M	USD	Point-in-time
Revenue receivable	`AccountsReceivableNetCurrent`	$26.40M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Revenue receivable	`AccountsReceivableNetCurrent`	$41.39M	USD	Point-in-time
Commodity derivatives	`DerivativeAssetsCurrent`	$2.11M	USD	Point-in-time
Commodity derivatives	`DerivativeAssetsCurrent`	$7.46M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	95.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	32.81M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$841.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$54.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.80M	USD	Point-in-time
Proved oil and gas properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$1.08B	USD	Point-in-time
Proved oil and gas properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$985.75M	USD	Point-in-time
Less accumulated DD&A and impairment	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment`	$382.97M	USD	Point-in-time
Less accumulated DD&A and impairment	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment`	$419.87M	USD	Point-in-time
Total oil and gas properties	`OilAndGasPropertySuccessfulEffortMethodNet`	$657.51M	USD	Point-in-time
Total oil and gas properties	`OilAndGasPropertySuccessfulEffortMethodNet`	$602.78M	USD	Point-in-time
Other Property and EquipmentNet	`PropertyPlantAndEquipmentNet`	$84.00K	USD	Point-in-time
Other Property and EquipmentNet	`PropertyPlantAndEquipmentNet`	$114.00K	USD	Point-in-time
Commodity derivatives	`DerivativeAssetsNoncurrent`	$2.29M	USD	Point-in-time
Commodity derivatives	`DerivativeAssetsNoncurrent`	$1.16M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$2.08M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$2.03M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$3.24M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$4.31M	USD	Point-in-time
Total assets	`Assets`	$660.48M	USD	Point-in-time
Total assets	`Assets`	$701.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.17M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.85M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.09M	USD	Point-in-time
Commodity derivatives	`DerivativeLiabilitiesCurrent`	$56.00K	USD	Point-in-time
Commodity derivatives	`DerivativeLiabilitiesCurrent`	$3.44M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$184.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$57.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.68M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$41.00M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$48.00M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$49.11M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$6.82M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$7.49M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$2.98M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$91.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$143.96M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable Management Incentive Units	`TemporaryEquityCarryingAmountAttributableToParent`	$4.56M	USD	Point-in-time
Preferred stock, $0.01 par value, 5,000,000 shares authorized; 0 shares issued at June 30, 2023	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 95,000,000 shares authorized; 32,812,900 shares issued at June 30, 2023	`CommonStockValue`	$328.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$597.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.03M	USD	Point-in-time
Predecessor members' equity-common units-450,000,000 units outstanding (Note 10)	`MembersEquity`	$480.07M	USD	Point-in-time
Predecessor members' equity-common units-450,000,000 units outstanding (Note 10)	`MembersEquity`	$452.75M	USD	Point-in-time
Predecessor members' equity-common units-450,000,000 units outstanding (Note 10)	`MembersEquity`	$446.67M	USD	Point-in-time
Predecessor members' equity-common units-450,000,000 units outstanding (Note 10)	`MembersEquity`	$564.42M	USD	Point-in-time
Total equity	`StockholdersEquity`	$564.42M	USD	Point-in-time
Total equity	`StockholdersEquity`	$563.11M	USD	Point-in-time
Total equity	`StockholdersEquity`	$557.75M	USD	Point-in-time
Total liabilities, redeemable units and equity	`LiabilitiesAndStockholdersEquity`	$701.71M	USD	Point-in-time
Total liabilities, redeemable units and equity	`LiabilitiesAndStockholdersEquity`	$660.48M	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$143.78M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$109.55M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$78.80M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$51.59M	USD	1 Quarter
Lease operating expense	`ResultsOfOperationsProductionOrLiftingCosts`	$18.40M	USD	2 Qtrs
Lease operating expense	`ResultsOfOperationsProductionOrLiftingCosts`	$7.66M	USD	1 Quarter
Lease operating expense	`ResultsOfOperationsProductionOrLiftingCosts`	$14.16M	USD	2 Qtrs
Lease operating expense	`ResultsOfOperationsProductionOrLiftingCosts`	$9.32M	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$6.87M	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$10.17M	USD	2 Qtrs
Production taxes	`ProductionTaxExpense`	$4.92M	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$11.98M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.32M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.46M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.51M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.63M	USD	1 Quarter
Depletion, depreciation, amortization, and accretion	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$37.22M	USD	2 Qtrs
Depletion, depreciation, amortization, and accretion	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$18.75M	USD	1 Quarter
Depletion, depreciation, amortization, and accretion	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$14.99M	USD	1 Quarter
Depletion, depreciation, amortization, and accretion	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$29.18M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$22.24M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$29.40M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$16.29M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$1.43M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.45M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.87M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$84.06M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$110.51M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$12.72M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$59.72M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$29.35M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-965.00K	USD	2 Qtrs
Commodity derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$-48.38M	USD	2 Qtrs
Commodity derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$4.78M	USD	1 Quarter
Commodity derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$12.20M	USD	2 Qtrs
Commodity derivative gain (loss), net	`GainLossOnDerivativeInstrumentsNetPretax`	$-11.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.75M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.29M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.11M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$52.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$6.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$50.00K	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$9.95M	USD	2 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$3.72M	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-12.60M	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-50.12M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.75M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.43M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.99M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.60M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$6.81M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$47.18M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$9.60M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-38.20M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-7.16M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$9.62M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$16.75M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-47.81M	USD	1 Quarter
Net income attributable to Predecessor common unit holders	`NetIncomeLossAttributableToPredecessorCommonUnitHolders`	$-1.83M	USD	2 Qtrs
Net income attributable to Predecessor common unit holders	`NetIncomeLossAttributableToPredecessorCommonUnitHolders`	$-16.75M	USD	1 Quarter
Net income attributable to Predecessor common unit holders	`NetIncomeLossAttributableToPredecessorCommonUnitHolders`	-	USD	1 Quarter
Net income attributable to Predecessor common unit holders	`NetIncomeLossAttributableToPredecessorCommonUnitHolders`	$-9.60M	USD	2 Qtrs
Net Income (Loss) Attributable to Vitesse Energy, Inc.	`NetIncomeLossAttributableToParentExcludingPredecessor`	$-40.03M	USD	2 Qtrs
Net Income (Loss) Attributable to Vitesse Energy, Inc.	`NetIncomeLossAttributableToParentExcludingPredecessor`	$9.62M	USD	1 Quarter
Net Income (Loss) Attributable to Vitesse Energy, Inc.	`NetIncomeLossAttributableToParentExcludingPredecessor`	-	USD	1 Quarter
Net Income (Loss) Attributable to Vitesse Energy, Inc.	`NetIncomeLossAttributableToParentExcludingPredecessor`	-	USD	2 Qtrs
Weighted average common shares / Predecessor common unit outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	29.66M	shares	1 Quarter
Weighted average common shares / Predecessor common unit outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	438.62M	shares	2 Qtrs
Weighted average common shares / Predecessor common unit outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	438.62M	shares	1 Quarter
Weighted average common shares / Predecessor common unit outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	29.66M	shares	2 Qtrs
Weighted average common shares / Predecessor common unit outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.66M	shares	2 Qtrs
Weighted average common shares / Predecessor common unit outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.08M	shares	1 Quarter
Weighted average common shares / Predecessor common unit outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	438.62M	shares	1 Quarter
Weighted average common shares / Predecessor common unit outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	438.62M	shares	2 Qtrs
Net income (loss) per common share / Predecessor common unit - basic (in USD per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net income (loss) per common share / Predecessor common unit - basic (in USD per share)	`EarningsPerShareBasic`	$-1.35	USD	2 Qtrs
Net income (loss) per common share / Predecessor common unit - basic (in USD per share)	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Net income (loss) per common share / Predecessor common unit - basic (in USD per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Net income (loss) per common share / Predecessor common unit - diluted (in USD per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Net income (loss) per common share / Predecessor common unit - diluted (in USD per share)	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Net income (loss) per common share / Predecessor common unit - diluted (in USD per share)	`EarningsPerShareDiluted`	$-1.35	USD	2 Qtrs
Net income (loss) per common share / Predecessor common unit - diluted (in USD per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Net loss per Predecessor non-founder MIUs classified as temporary equitybasic (in USD per share)	`EarningsPerNonFounderManagementIncentiveUnitTemporaryEquityBasic`	-	USD	2 Qtrs
Net loss per Predecessor non-founder MIUs classified as temporary equitybasic (in USD per share)	`EarningsPerNonFounderManagementIncentiveUnitTemporaryEquityBasic`	-	USD	1 Quarter
Net loss per Predecessor non-founder MIUs classified as temporary equitydiluted (in USD per share)	`EarningsPerNonFounderManagementIncentiveUnitTemporaryEquityDiluted`	-	USD	1 Quarter
Net loss per Predecessor non-founder MIUs classified as temporary equitydiluted (in USD per share)	`EarningsPerNonFounderManagementIncentiveUnitTemporaryEquityDiluted`	-	USD	2 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$9.60M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-38.20M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-7.16M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.62M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$16.75M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-47.81M	USD	1 Quarter
Depletion, depreciation, amortization, and accretion	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$37.22M	USD	2 Qtrs
Depletion, depreciation, amortization, and accretion	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$18.75M	USD	1 Quarter
Depletion, depreciation, amortization, and accretion	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$14.99M	USD	1 Quarter
Depletion, depreciation, amortization, and accretion	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$29.18M	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-18.22M	USD	2 Qtrs
Unrealized loss (gain) on derivative instruments	`UnrealizedGainLossOnDerivatives`	$9.86M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$22.24M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$29.40M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$16.29M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$1.43M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$47.18M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$322.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$211.00K	USD	2 Qtrs
Revenue receivable	`IncreaseDecreaseInAccountsReceivable`	$24.63M	USD	2 Qtrs
Revenue receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.71M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.06M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$101.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.20M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-414.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.25M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.70M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingAssets`	$17.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingAssets`	$-25.00K	USD	2 Qtrs
Net cash provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$78.24M	USD	2 Qtrs
Net cash provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$57.53M	USD	2 Qtrs
Acquisition of oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$3.10M	USD	1 Quarter
Acquisition of oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$5.90M	USD	1 Quarter
Acquisition of oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$18.43M	USD	2 Qtrs
Acquisition of oil and gas properties	`PaymentsToAcquireOilAndGasProperty`	$4.23M	USD	2 Qtrs
Development of oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$21.39M	USD	2 Qtrs
Development of oil and gas properties	`PaymentsToExploreAndDevelopOilAndGasProperties`	$39.03M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$20.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$6.00K	USD	2 Qtrs
Net cash used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.83M	USD	2 Qtrs
Net cash used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.28M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$12.00M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$16.00M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$19.00M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	2 Qtrs
Repayments of Vitesse Oil revolving credit facility	`RepaymentsOfLongTermLinesOfCreditAffiliatedEntity`	$5.00M	USD	2 Qtrs
Repayments of Vitesse Oil revolving credit facility	`RepaymentsOfLongTermLinesOfCreditAffiliatedEntity`	-	USD	2 Qtrs
Dividends/distributions paid	`PaymentsOfDividends`	$30.00M	USD	2 Qtrs
Dividends/distributions paid	`PaymentsOfDividends`	$28.99M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$248.00K	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$369.00K	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.77M	USD	2 Qtrs
Net cash used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.77M	USD	2 Qtrs
Net cash used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-41.61M	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.93M	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.65M	USD	2 Qtrs
CashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.28M	USD	Point-in-time
CashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.01M	USD	Point-in-time
CashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.36M	USD	Point-in-time
CashBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.36M	USD	Point-in-time
CashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.28M	USD	Point-in-time
CashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.01M	USD	Point-in-time
CashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.36M	USD	Point-in-time
CashEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.36M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.13M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.62M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$1.29M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Oil and gas properties included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$18.70M	USD	2 Qtrs
Oil and gas properties included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$33.12M	USD	2 Qtrs
Asset retirement obligations capitalized to oil and gas properties	`SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount`	$392.00K	USD	2 Qtrs
Asset retirement obligations capitalized to oil and gas properties	`SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount`	-	USD	2 Qtrs
Issuance of common stock to acquire Vitesse Oil	`StockIssued1`	-	USD	2 Qtrs
Issuance of common stock to acquire Vitesse Oil	`StockIssued1`	$30.63M	USD	2 Qtrs

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$564.42M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$563.11M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$557.75M	USD	Point-in-time
Beginning balance	`MembersEquity`	$480.07M	USD	Point-in-time
Beginning balance	`MembersEquity`	$452.75M	USD	Point-in-time
Beginning balance	`MembersEquity`	$446.67M	USD	Point-in-time
Beginning balance	`MembersEquity`	$564.42M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$9.60M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-38.20M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-7.16M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.62M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$16.75M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-47.81M	USD	1 Quarter
Distribution to common unit holders	`DistributionToCommonUnitHolders`	$18.00M	USD	1 Quarter
Distribution to common unit holders	`DistributionToCommonUnitHolders`	$18.00M	USD	1 Quarter
Distribution to common unit holders	`DistributionToCommonUnitHolders`	$36.00M	USD	2 Qtrs
Issuance of common stock in exchange for Non-Founder MIU's	`StockIssuedDuringPeriodValueNewIssuesNonFounderIssuance`	$4.56M	USD	1 Quarter
Acquisition of Vitesse Oil, LLC	`StockIssuedDuringPeriodValueAcquisitions`	$30.63M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.43M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$27.97M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockStock`	$16.41M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockStock`	$32.80M	USD	2 Qtrs
Common stock dividends declared	`DividendsCommonStockStock`	$16.41M	USD	1 Quarter
Repurchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	14,600.00	shares	2 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$200.00K	USD	2 Qtrs
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$248.00K	USD	1 Quarter
Fair market value MIU adjustment	`MembersEquityLiabilityBasedAwardFairValueAdjustment`	$-2.17M	USD	1 Quarter
Fair market value MIU adjustment	`MembersEquityLiabilityBasedAwardFairValueAdjustment`	$-4.83M	USD	1 Quarter
Fair market value MIU adjustment	`MembersEquityLiabilityBasedAwardFairValueAdjustment`	$-7.00M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$564.42M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$563.11M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$557.75M	USD	Point-in-time
Ending balance	`MembersEquity`	$480.07M	USD	Point-in-time
Ending balance	`MembersEquity`	$452.75M	USD	Point-in-time
Ending balance	`MembersEquity`	$446.67M	USD	Point-in-time
Ending balance	`MembersEquity`	$564.42M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.