ACQUISITIONS	6 Months Ended
Jun. 30, 2024
ACQUISITIONS
ACQUISITIONS	3.ACQUISITIONS Acquisition Agreement On January 27, 2023, we entered into a one-year collaborative agreement with a third party, effective January 1, 2023, committing up to $35.0 million for the acquisition of oil & gas mineral interests in the Midland and Delaware Basins. On February 19, 2024, we renewed this agreement for an additional one-year term, committing up to $25.0 million. Under the agreement, the third party assists us in the identification, evaluation, and acquisition of target oil & gas mineral interests. In exchange for these services, the third party receives a participation share, partially funded by the third party, and is paid a periodic management fee. During the six months ended June 30, 2024, we purchased $0.6 million and $1.9 million of oil & gas mineral interests in proved and unproved properties, respectively, pursuant to this agreement. Management fees paid under this agreement have been immaterial. Miscellaneous Acquisitions In addition to the acquisitions under the collaborative agreement discussed above, we purchased $0.6 million and $1.6 million of oil & gas mineral interests in proved and unproved properties, respectively, during the six months ended June 30, 2024.

ACQUISITIONS

6 Months Ended

Jun. 30, 2024

3.ACQUISITIONS

Acquisition Agreement

On January 27, 2023, we entered into a one-year collaborative agreement with a third party, effective January 1, 2023, committing up to $35.0 million for the acquisition of oil & gas mineral interests in the Midland and Delaware Basins. On February 19, 2024, we renewed this agreement for an additional one-year term, committing up to $25.0 million. Under the agreement, the third party assists us in the identification, evaluation, and acquisition of target oil & gas mineral interests. In exchange for these services, the third party receives a participation share, partially funded by the third party,

and is paid a periodic management fee. During the six months ended June 30, 2024, we purchased $0.6 million and $1.9 million of oil & gas mineral interests in proved and unproved properties, respectively, pursuant to this agreement. Management fees paid under this agreement have been immaterial.

Miscellaneous Acquisitions

In addition to the acquisitions under the collaborative agreement discussed above, we purchased $0.6 million and $1.6 million of oil & gas mineral interests in proved and unproved properties, respectively, during the six months ended June 30, 2024.