2024 Q1 Form 10-K Financial Statement

#000194455824000021 Filed on February 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $61.19M $69.30M $233.9M
YoY Change 5.58% -76.9% -22.05%
Cost Of Revenue $17.59M $17.43M $61.14M
YoY Change 22.71% -76.26% -16.71%
Gross Profit $43.60M $51.87M $172.8M
YoY Change -0.05% -77.11% -23.78%
Gross Profit Margin 71.25% 74.85% 73.86%
Selling, General & Admin $6.979M $6.479M $56.17M
YoY Change -82.03% -28.54% 519.47%
% of Gross Profit 16.01% 12.49% 32.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.55M $25.51M $81.75M
YoY Change 27.46% 46.44% 28.26%
% of Gross Profit 54.0% 49.18% 47.32%
Operating Expenses $48.11M $31.99M $199.1M
YoY Change -32.84% -56.06% 36.15%
Operating Profit $13.08M $19.88M $34.85M
YoY Change -195.61% -87.08% -77.35%
Interest Expense $2.203M $15.55M $5.276M
YoY Change 86.54% -144.46% 27.04%
% of Operating Profit 16.84% 78.23% 15.14%
Other Income/Expense, Net -$16.00M $41.00K $7.348M
YoY Change -356.51% 105.0% -121.02%
Pretax Income -$2.917M $35.48M $42.20M
YoY Change -60.81% -70.16% -64.51%
Income Tax -$700.0K $15.56M $61.90M
% Of Pretax Income 43.86% 146.68%
Net Earnings -$2.186M $19.92M -$19.74M
YoY Change -95.43% -83.25% -116.61%
Net Earnings / Revenue -3.57% 28.74% -8.44%
Basic Earnings Per Share -$0.07 -$0.73
Diluted Earnings Per Share -$0.07 $0.68 -$0.73
COMMON SHARES
Basic Shares Outstanding 29.45M shares 28.79M shares 29.56M shares
Diluted Shares Outstanding 29.93M shares 29.56M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.377M $552.0K $552.0K
YoY Change -59.2% -94.48% -94.48%
Cash & Equivalents $1.377M $552.0K
Short-Term Investments
Other Short-Term Assets $3.222M $12.88M $12.88M
YoY Change -64.58% 336.13% 336.13%
Inventory
Prepaid Expenses
Receivables $41.29M $44.92M $44.92M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $45.89M $58.35M $58.35M
YoY Change 7.04% 7.35% 7.35%
LONG-TERM ASSETS
Property, Plant & Equipment $191.0K $189.0K $704.5M
YoY Change 96.91% 65.79% 16.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.875M $3.093M $3.093M
YoY Change -61.18% -4.54% 1.74%
Total Long-Term Assets $703.8M $707.6M $707.6M
YoY Change 8.78% 16.74% 16.74%
TOTAL ASSETS
Total Short-Term Assets $45.89M $58.35M $58.35M
Total Long-Term Assets $703.8M $707.6M $707.6M
Total Assets $749.7M $766.0M $766.0M
YoY Change 8.67% 15.97% 15.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.50M $27.69M $27.69M
YoY Change 92.14% 284.24% 284.24%
Accrued Expenses $30.15M $32.51M $32.51M
YoY Change 73.57% 25.76% 25.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.38M $60.40M $60.40M
YoY Change 85.72% 64.68% 64.68%
LONG-TERM LIABILITIES
Long-Term Debt $98.00M $81.00M $81.00M
YoY Change 117.78% 68.75% 68.75%
Other Long-Term Liabilities $4.195M $5.479M $13.83M
YoY Change 198.36% 102.73%
Total Long-Term Liabilities $4.195M $5.479M $94.83M
YoY Change 198.36% 72.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.38M $60.40M $60.40M
Total Long-Term Liabilities $4.195M $5.479M $94.83M
Total Liabilities $227.0M $219.6M $219.6M
YoY Change 79.01% 139.96% 139.96%
SHAREHOLDERS EQUITY
Retained Earnings -$23.76M -$21.58M
YoY Change -52.14%
Common Stock $325.0K $328.0K
YoY Change -0.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $522.7M $546.4M $546.4M
YoY Change
Total Liabilities & Shareholders Equity $749.7M $766.0M $766.0M
YoY Change 8.67% 15.97% 15.97%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.186M $19.92M -$19.74M
YoY Change -95.43% -83.25% -116.61%
Depreciation, Depletion And Amortization $23.55M $25.51M $81.75M
YoY Change 27.46% 46.44% 28.26%
Cash From Operating Activities $39.42M $31.64M $141.9M
YoY Change 0.53% -18.08% -3.47%
INVESTING ACTIVITIES
Capital Expenditures $32.21M $43.21M $120.7M
YoY Change 41.71% 58.47% 42.66%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$32.21M -$43.21M -$120.7M
YoY Change 41.71% 58.47% 42.66%
FINANCING ACTIVITIES
Cash Dividend Paid $16.31M $58.00M
YoY Change 12.5% 61.11%
Common Stock Issuance & Retirement, Net $248.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.381M 10.38M -$30.73M
YoY Change -72.39% -186.52% -46.84%
NET CHANGE
Cash From Operating Activities $39.42M 31.64M $141.9M
Cash From Investing Activities -$32.21M -43.21M -$120.7M
Cash From Financing Activities -$6.381M 10.38M -$30.73M
Net Change In Cash $825.0K -1.195M -$9.455M
YoY Change -112.44% 88.78% -303.29%
FREE CASH FLOW
Cash From Operating Activities $39.42M $31.64M $141.9M
Capital Expenditures $32.21M $43.21M $120.7M
Free Cash Flow $7.206M -$11.57M $21.28M
YoY Change -56.28% -201.87% -65.94%

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CY2023 vitesse Net Income Loss Attributable To Parent Excluding Predecessor
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CY2022 vitesse Net Income Loss Attributable To Parent Excluding Predecessor
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CY2021 vitesse Net Income Loss Attributable To Parent Excluding Predecessor
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CY2021Q4 us-gaap Members Equity
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CY2021Q4 us-gaap Members Equity
MembersEquity
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CY2023 us-gaap Stock Issued During Period Value Acquisitions
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NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
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NetIncomeLoss
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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ShareBasedCompensation
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ShareBasedCompensation
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CY2021 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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IncreaseDecreaseInAccountsReceivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15959000 usd
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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1860000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
842000 usd
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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NetIncomeLoss
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NetIncomeLoss
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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CY2023 us-gaap Share Based Compensation
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ShareBasedCompensation
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ShareBasedCompensation
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1860000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
842000 usd
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Assets
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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147041000 usd
CY2021Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12520000 usd
CY2023 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
35654000 usd
CY2021 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
6210000 usd
CY2022 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
56024000 usd
CY2021Q4 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
3837000 usd
CY2021 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
36986000 usd
CY2023 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
180000 usd
CY2021Q4 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
669000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-997000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3308000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2739000 usd
CY2021Q4 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
493000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2700000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-8000 usd
CY2021Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
26000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
141942000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
147041000 usd
CY2021Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12520000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
86971000 usd
CY2023 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
35654000 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
28547000 usd
CY2021Q4 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
117000 usd
CY2021 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
6210000 usd
CY2023 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
84832000 usd
CY2022 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
56024000 usd
CY2021Q4 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
3837000 usd
CY2021 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
36986000 usd
CY2023 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
180000 usd
CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
12000 usd
CY2021Q4 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
2000 usd
CY2021 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
121000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-120666000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84583000 usd
CY2021Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3956000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43317000 usd
CY2023 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
59000000 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
16000000 usd
CY2021Q4 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1000000 usd
CY2023 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
26000000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
36000000 usd
CY2021Q4 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
31500000 usd
CY2023 vitesse Repayments Of Long Term Lines Of Credit Affiliated Entity
RepaymentsOfLongTermLinesOfCreditAffiliatedEntity
5000000 usd
CY2022 vitesse Repayments Of Long Term Lines Of Credit Affiliated Entity
RepaymentsOfLongTermLinesOfCreditAffiliatedEntity
0 usd
CY2021Q4 vitesse Repayments Of Long Term Lines Of Credit Affiliated Entity
RepaymentsOfLongTermLinesOfCreditAffiliatedEntity
0 usd
CY2021 vitesse Repayments Of Long Term Lines Of Credit Affiliated Entity
RepaymentsOfLongTermLinesOfCreditAffiliatedEntity
0 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
57999000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
36000000 usd
CY2021Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
6000000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
12000000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
248000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
484000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1807000 usd
CY2021Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
87000 usd
CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
12000 usd
CY2021Q4 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
2000 usd
CY2021 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
121000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-120666000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-84583000 usd
CY2021Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3956000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43317000 usd
CY2023 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
59000000 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
16000000 usd
CY2021Q4 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1000000 usd
CY2023 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
26000000 usd
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
36000000 usd
CY2021Q4 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
31500000 usd
CY2023 vitesse Repayments Of Long Term Lines Of Credit Affiliated Entity
RepaymentsOfLongTermLinesOfCreditAffiliatedEntity
5000000 usd
CY2022 vitesse Repayments Of Long Term Lines Of Credit Affiliated Entity
RepaymentsOfLongTermLinesOfCreditAffiliatedEntity
0 usd
CY2021Q4 vitesse Repayments Of Long Term Lines Of Credit Affiliated Entity
RepaymentsOfLongTermLinesOfCreditAffiliatedEntity
0 usd
CY2021 vitesse Repayments Of Long Term Lines Of Credit Affiliated Entity
RepaymentsOfLongTermLinesOfCreditAffiliatedEntity
0 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
57999000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
36000000 usd
CY2021Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
6000000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
12000000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
248000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2021Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1807000 usd
CY2021Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
87000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-42587000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9455000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4651000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2555000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1067000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10007000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5356000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2801000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1734000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
552000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10007000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5356000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2801000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
4734000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
3595000 usd
CY2021Q4 us-gaap Interest Paid Net
InterestPaidNet
182000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2896000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
1292000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2021Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
46338000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-57807000 usd
CY2021Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6009000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-42587000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9455000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4651000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2555000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1067000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10007000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5356000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2801000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
552000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10007000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5356000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2801000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
4734000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
3595000 usd
CY2021Q4 us-gaap Interest Paid Net
InterestPaidNet
182000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2896000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
1292000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2021Q4 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
46338000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21266000 usd
CY2021Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14352000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
15174000 usd
CY2023 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
951000 usd
CY2022 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
347000 usd
CY2021Q4 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
0 usd
CY2021 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
192000 usd
CY2023 us-gaap Stock Issued1
StockIssued1
30628000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
0 usd
CY2021Q4 us-gaap Stock Issued1
StockIssued1
0 usd
CY2023 vitesse Unit Based Compensation Liability Transferred To Redeemable Management Incentive Units
UnitBasedCompensationLiabilityTransferredToRedeemableManagementIncentiveUnits
0 usd
CY2022 vitesse Unit Based Compensation Liability Transferred To Redeemable Management Incentive Units
UnitBasedCompensationLiabilityTransferredToRedeemableManagementIncentiveUnits
481000 usd
CY2021Q4 vitesse Unit Based Compensation Liability Transferred To Redeemable Management Incentive Units
UnitBasedCompensationLiabilityTransferredToRedeemableManagementIncentiveUnits
0 usd
CY2021 vitesse Unit Based Compensation Liability Transferred To Redeemable Management Incentive Units
UnitBasedCompensationLiabilityTransferredToRedeemableManagementIncentiveUnits
636000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 vitesse Income Tax Expense Benefit Spin Off
IncomeTaxExpenseBenefitSpinOff
44100000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21266000 usd
CY2021Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14352000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
15174000 usd
CY2023 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
951000 usd
CY2022 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
347000 usd
CY2021Q4 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
0 usd
CY2021 us-gaap Settlement Of Asset Retirement Obligations Through Noncash Payments Amount
SettlementOfAssetRetirementObligationsThroughNoncashPaymentsAmount
192000 usd
CY2023 us-gaap Stock Issued1
StockIssued1
30628000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
0 usd
CY2021Q4 us-gaap Stock Issued1
StockIssued1
0 usd
CY2021 us-gaap Stock Issued1
StockIssued1
0 usd
CY2023 vitesse Unit Based Compensation Liability Transferred To Redeemable Management Incentive Units
UnitBasedCompensationLiabilityTransferredToRedeemableManagementIncentiveUnits
0 usd
CY2022 vitesse Unit Based Compensation Liability Transferred To Redeemable Management Incentive Units
UnitBasedCompensationLiabilityTransferredToRedeemableManagementIncentiveUnits
481000 usd
CY2021Q4 vitesse Unit Based Compensation Liability Transferred To Redeemable Management Incentive Units
UnitBasedCompensationLiabilityTransferredToRedeemableManagementIncentiveUnits
0 usd
CY2021 vitesse Unit Based Compensation Liability Transferred To Redeemable Management Incentive Units
UnitBasedCompensationLiabilityTransferredToRedeemableManagementIncentiveUnits
636000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 vitesse Income Tax Expense Benefit Spin Off
IncomeTaxExpenseBenefitSpinOff
44100000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:125%">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:125%">Depletion, depreciation, and amortization (“DD&amp;A”) and the evaluation of proved oil and gas properties for impairment are determined using estimates of oil and gas reserves. There are numerous uncertainties in estimating the quantity of reserves and in projecting the future rates of production and timing of development expenditures, which includes lack of control over future development plans as a non-operator. Oil and gas reserve engineering is a subjective process of estimating underground accumulations of oil and gas that cannot be measured in an exact way. In addition, significant estimates include, but are not limited to, estimates relating to certain crude oil and natural gas revenues and expenses, fair value of assets acquired and liabilities assumed in business combinations, valuation of unit-based compensation, and valuation of commodity derivative instruments. Further, these estimates and other factors, including those outside of the Company’s control, such as the impact of lower commodity prices, may have a significant adverse impact to the Company’s business, financial condition, results of operations and cash flows.</span></div>
CY2023 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Change in Fiscal Year End</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:125%">On November 30, 2022, the board of managers of the Predecessor approved a change in the Company's fiscal year end from November 30 to December 31. The Company's 2022 fiscal year began on January 1, 2022 and ended on December 31, 2022. As a result of this change, the Company has also presented financial statements for the month ended December 31, 2021.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:125%">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:125%">Depletion, depreciation, and amortization (“DD&amp;A”) and the evaluation of proved oil and gas properties for impairment are determined using estimates of oil and gas reserves. There are numerous uncertainties in estimating the quantity of reserves and in projecting the future rates of production and timing of development expenditures, which includes lack of control over future development plans as a non-operator. Oil and gas reserve engineering is a subjective process of estimating underground accumulations of oil and gas that cannot be measured in an exact way. In addition, significant estimates include, but are not limited to, estimates relating to certain crude oil and natural gas revenues and expenses, fair value of assets acquired and liabilities assumed in business combinations, valuation of unit-based compensation, and valuation of commodity derivative instruments. Further, these estimates and other factors, including those outside of the Company’s control, such as the impact of lower commodity prices, may have a significant adverse impact to the Company’s business, financial condition, results of operations and cash flows.</span></div>
CY2023 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Change in Fiscal Year End</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:125%">On November 30, 2022, the board of managers of the Predecessor approved a change in the Company's fiscal year end from November 30 to December 31. The Company's 2022 fiscal year began on January 1, 2022 and ended on December 31, 2022. As a result of this change, the Company has also presented financial statements for the month ended December 31, 2021.</span></div>
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
63300000 usd
CY2021 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
60400000 usd
CY2021Q4 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
5400000 usd
CY2023 vitesse Oil And Gas Properties Successful Effort Method Depletion Rate Per Barrel Of Oil Equivalent
OilAndGasPropertiesSuccessfulEffortMethodDepletionRatePerBarrelOfOilEquivalent
18.68
CY2022 vitesse Oil And Gas Properties Successful Effort Method Depletion Rate Per Barrel Of Oil Equivalent
OilAndGasPropertiesSuccessfulEffortMethodDepletionRatePerBarrelOfOilEquivalent
16.71
CY2021 vitesse Oil And Gas Properties Successful Effort Method Depletion Rate Per Barrel Of Oil Equivalent
OilAndGasPropertiesSuccessfulEffortMethodDepletionRatePerBarrelOfOilEquivalent
16.73
CY2021Q4 vitesse Oil And Gas Properties Successful Effort Method Depletion Rate Per Barrel Of Oil Equivalent
OilAndGasPropertiesSuccessfulEffortMethodDepletionRatePerBarrelOfOilEquivalent
16.97
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
81100000 usd
CY2022 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
63300000 usd
CY2021 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
60400000 usd
CY2021Q4 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
5400000 usd
CY2022 vitesse Oil And Gas Properties Successful Effort Method Depletion Rate Per Barrel Of Oil Equivalent
OilAndGasPropertiesSuccessfulEffortMethodDepletionRatePerBarrelOfOilEquivalent
16.71
CY2021 vitesse Oil And Gas Properties Successful Effort Method Depletion Rate Per Barrel Of Oil Equivalent
OilAndGasPropertiesSuccessfulEffortMethodDepletionRatePerBarrelOfOilEquivalent
16.73
CY2021Q4 vitesse Oil And Gas Properties Successful Effort Method Depletion Rate Per Barrel Of Oil Equivalent
OilAndGasPropertiesSuccessfulEffortMethodDepletionRatePerBarrelOfOilEquivalent
16.97
CY2022 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2021 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2021Q4 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2023 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2021Q4 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:125%">For the years ended December 31, 2023, December 31, 2022 and November 30, 2021 and the month ended December 31, 2021, three, four, three and three operators accounted for 49 percent, 54 percent, 37 percent and 42 percent, respectively, of oil and natural gas revenue. As of December 31, 2023 and December 31, 2022, three and four operators accounted for 56 percent and 65 percent, respectively, of oil and natural gas revenue receivable. The Company’s oil and natural gas revenue receivable is generated from the sale of oil and natural gas by operators on its behalf. The Company monitors the financial condition of its operators.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:125%">For the years ended December 31, 2023, December 31, 2022 and November 30, 2021 and the month ended December 31, 2021, three, four, three and three operators accounted for 49 percent, 54 percent, 37 percent and 42 percent, respectively, of oil and natural gas revenue. As of December 31, 2023 and December 31, 2022, three and four operators accounted for 56 percent and 65 percent, respectively, of oil and natural gas revenue receivable. The Company’s oil and natural gas revenue receivable is generated from the sale of oil and natural gas by operators on its behalf. The Company monitors the financial condition of its operators.</span></div>
CY2023 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
35700000 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
28500000 usd
CY2021 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
6200000 usd
CY2021Q4 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
100000 usd
CY2023 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
35700000 usd
CY2022 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
28500000 usd
CY2021 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
6200000 usd
CY2021Q4 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
100000 usd
CY2023Q4 vitesse Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
22800000 usd
CY2022Q4 vitesse Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
15500000 usd
CY2023Q4 vitesse Accrued Lease Operating Expenses Net Current
AccruedLeaseOperatingExpensesNetCurrent
3258000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3647000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3524000 usd
CY2023Q4 vitesse Accrued Derivative Settlement Current
AccruedDerivativeSettlementCurrent
0 usd
CY2022Q4 vitesse Accrued Derivative Settlement Current
AccruedDerivativeSettlementCurrent
189000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2802000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1068000 usd
CY2023Q4 vitesse Accrued Spin Related Expenditures Current
AccruedSpinRelatedExpendituresCurrent
0 usd
CY2023Q4 vitesse Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
22800000 usd
CY2023Q4 vitesse Accrued Lease Operating Expenses Net Current
AccruedLeaseOperatingExpensesNetCurrent
3258000 usd
CY2022Q4 vitesse Accrued Lease Operating Expenses Net Current
AccruedLeaseOperatingExpensesNetCurrent
2740000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3647000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3524000 usd
CY2023Q4 vitesse Accrued Derivative Settlement Current
AccruedDerivativeSettlementCurrent
0 usd
CY2022Q4 vitesse Accrued Derivative Settlement Current
AccruedDerivativeSettlementCurrent
189000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2802000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1068000 usd
CY2023Q4 vitesse Accrued Spin Related Expenditures Current
AccruedSpinRelatedExpendituresCurrent
0 usd
CY2022Q4 vitesse Accrued Spin Related Expenditures Current
AccruedSpinRelatedExpendituresCurrent
2828000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
32507000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25849000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6823000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6156000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
951000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
347000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
579000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
320000 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
8353000 usd
CY2022Q4 vitesse Accrued Spin Related Expenditures Current
AccruedSpinRelatedExpendituresCurrent
2828000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25849000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6823000 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6156000 usd
CY2023 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
951000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
347000 usd
CY2023 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
579000 usd
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
320000 usd
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 usd
CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
8353000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
6823000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
36000000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
200000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
200000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
200000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
200000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
95000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21576000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-21576000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
36000000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
200000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
200000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
200000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
200000 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
95000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023 vitesse Distribution Of Predecessor Equity Interests Shares
DistributionOfPredecessorEquityInterestsShares
25628162 shares
CY2023Q4 vitesse Number Of Founding Members Predecessor
NumberOfFoundingMembersPredecessor
2 member
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
14600 shares
CY2023 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
65600000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.00
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
895617 shares
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
60000000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
14600 shares
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
200000 usd
CY2023 vitesse Net Income Loss Attributable To Parent Excluding Predecessor
NetIncomeLossAttributableToParentExcludingPredecessor
-21576000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023 vitesse Distribution Of Predecessor Equity Interests Shares
DistributionOfPredecessorEquityInterestsShares
25628162 shares
CY2023Q4 vitesse Number Of Founding Members Predecessor
NumberOfFoundingMembersPredecessor
2 member
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
14600 shares
CY2023 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
65600000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.00
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
895617 shares
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
60000000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
14600 shares
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
200000 usd
CY2023 vitesse Net Income Loss Attributable To Parent Excluding Predecessor
NetIncomeLossAttributableToParentExcludingPredecessor
-21576000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21576000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-21576000 usd
CY2023 vitesse Weighted Average Common Shares Outstanding Basic Numerator
WeightedAverageCommonSharesOutstandingBasicNumerator
28741995 shares
CY2023 vitesse Weighted Average Transitional Share Rs Us Outstanding With No Future Service Required
WeightedAverageTransitionalShareRSUsOutstandingWithNoFutureServiceRequired
814972 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29556967 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2022Q4 vitesse Number Of Classes Of Membership Units
NumberOfClassesOfMembershipUnits
2 class
CY2022Q4 us-gaap Common Unit Authorized
CommonUnitAuthorized
450000000 shares
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
450000000 shares
CY2022Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
450000000 shares
CY2022Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
1000000 shares
CY2022Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
953750 shares
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
953750 shares
CY2023Q4 vitesse Common Units Issuance Value Per Share
CommonUnitsIssuanceValuePerShare
1
CY2023Q4 us-gaap Common Unit Issuance Value
CommonUnitIssuanceValue
450000000 usd
CY2023 vitesse Board Of Managers Number Of Managers
BoardOfManagersNumberOfManagers
5 manager
CY2023 vitesse Weighted Average Common Shares Outstanding Basic Numerator
WeightedAverageCommonSharesOutstandingBasicNumerator
28741995 shares
CY2023 vitesse Weighted Average Transitional Share Rs Us Outstanding With No Future Service Required
WeightedAverageTransitionalShareRSUsOutstandingWithNoFutureServiceRequired
814972 shares
CY2023 vitesse Number Of Votes Each Manager Is Entitled To
NumberOfVotesEachManagerIsEntitledTo
1 vote
CY2023Q4 vitesse Number Of Founding Members Predecessor
NumberOfFoundingMembersPredecessor
2 member
CY2022 vitesse Non Founder Management Incentive Units Classified As Temporary Equity
NonFounderManagementIncentiveUnitsClassifiedAsTemporaryEquity
0 usd
CY2021Q4 vitesse Non Founder Management Incentive Units Classified As Temporary Equity
NonFounderManagementIncentiveUnitsClassifiedAsTemporaryEquity
0 usd
CY2021 vitesse Non Founder Management Incentive Units Classified As Temporary Equity
NonFounderManagementIncentiveUnitsClassifiedAsTemporaryEquity
0 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29556967 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29556967 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2022Q4 vitesse Number Of Classes Of Membership Units
NumberOfClassesOfMembershipUnits
2 class
CY2022Q4 us-gaap Common Unit Authorized
CommonUnitAuthorized
450000000 shares
CY2022Q4 us-gaap Common Unit Issued
CommonUnitIssued
450000000 shares
CY2022Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
450000000 shares
CY2022Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
1000000 shares
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
953750 shares
CY2023Q4 vitesse Common Units Issuance Value Per Share
CommonUnitsIssuanceValuePerShare
1
CY2023Q4 us-gaap Common Unit Issuance Value
CommonUnitIssuanceValue
450000000 usd
CY2023 vitesse Board Of Managers Number Of Managers
BoardOfManagersNumberOfManagers
5 manager
CY2023 vitesse Number Of Votes Each Manager Is Entitled To
NumberOfVotesEachManagerIsEntitledTo
1 vote
CY2023Q4 vitesse Number Of Founding Members Predecessor
NumberOfFoundingMembersPredecessor
2 member
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-10766000 usd
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2628000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1409000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
36000000 usd
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
12000000 usd
CY2021Q4 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
6000000 usd
CY2023Q4 vitesse Number Of Classes Of Membership Units
NumberOfClassesOfMembershipUnits
2 class
CY2022 us-gaap Net Income Loss
NetIncomeLoss
118903000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-7359000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
18114000 usd
CY2022 vitesse In Substance Options On Common Units Common Unit Option Grant
InSubstanceOptionsOnCommonUnitsCommonUnitOptionGrant
3006000 usd
CY2021Q4 vitesse In Substance Options On Common Units Common Unit Option Grant
InSubstanceOptionsOnCommonUnitsCommonUnitOptionGrant
0 usd
CY2021 vitesse In Substance Options On Common Units Common Unit Option Grant
InSubstanceOptionsOnCommonUnitsCommonUnitOptionGrant
458000 usd
CY2022 vitesse In Substance Options On Founder Management Incentive Units Founder Management Incentive Unit Option Grant
InSubstanceOptionsOnFounderManagementIncentiveUnitsFounderManagementIncentiveUnitOptionGrant
0 usd
CY2021Q4 vitesse In Substance Options On Founder Management Incentive Units Founder Management Incentive Unit Option Grant
InSubstanceOptionsOnFounderManagementIncentiveUnitsFounderManagementIncentiveUnitOptionGrant
0 usd
CY2021 vitesse In Substance Options On Founder Management Incentive Units Founder Management Incentive Unit Option Grant
InSubstanceOptionsOnFounderManagementIncentiveUnitsFounderManagementIncentiveUnitOptionGrant
0 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-10766000 usd
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2628000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1409000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
36000000 usd
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
12000000 usd
CY2021Q4 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
6000000 usd
CY2023Q4 vitesse Number Of Classes Of Membership Units
NumberOfClassesOfMembershipUnits
2 class
CY2022 us-gaap Net Income Loss
NetIncomeLoss
118903000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-7359000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
18114000 usd
CY2022 vitesse In Substance Options On Common Units Common Unit Option Grant
InSubstanceOptionsOnCommonUnitsCommonUnitOptionGrant
3006000 usd
CY2021Q4 vitesse In Substance Options On Common Units Common Unit Option Grant
InSubstanceOptionsOnCommonUnitsCommonUnitOptionGrant
0 usd
CY2021 vitesse In Substance Options On Common Units Common Unit Option Grant
InSubstanceOptionsOnCommonUnitsCommonUnitOptionGrant
458000 usd
CY2022 vitesse In Substance Options On Founder Management Incentive Units Founder Management Incentive Unit Option Grant
InSubstanceOptionsOnFounderManagementIncentiveUnitsFounderManagementIncentiveUnitOptionGrant
0 usd
CY2021Q4 vitesse In Substance Options On Founder Management Incentive Units Founder Management Incentive Unit Option Grant
InSubstanceOptionsOnFounderManagementIncentiveUnitsFounderManagementIncentiveUnitOptionGrant
0 usd
CY2021 vitesse In Substance Options On Founder Management Incentive Units Founder Management Incentive Unit Option Grant
InSubstanceOptionsOnFounderManagementIncentiveUnitsFounderManagementIncentiveUnitOptionGrant
0 usd
CY2022 vitesse Non Founder Management Incentive Units Classified As Temporary Equity
NonFounderManagementIncentiveUnitsClassifiedAsTemporaryEquity
0 usd
CY2021Q4 vitesse Non Founder Management Incentive Units Classified As Temporary Equity
NonFounderManagementIncentiveUnitsClassifiedAsTemporaryEquity
0 usd
CY2021 vitesse Non Founder Management Incentive Units Classified As Temporary Equity
NonFounderManagementIncentiveUnitsClassifiedAsTemporaryEquity
0 usd
CY2022 vitesse Non Founder Management Incentive Units Classified As Liabilities
NonFounderManagementIncentiveUnitsClassifiedAsLiabilities
0 usd
CY2021Q4 vitesse Non Founder Management Incentive Units Classified As Liabilities
NonFounderManagementIncentiveUnitsClassifiedAsLiabilities
0 usd
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