Annual report pursuant to Section 13 and 15(d)

Royalty Interests (Tables)

v3.19.3.a.u2
Royalty Interests (Tables)
 12 Months Ended
Dec. 31, 2019
Real Estate [Abstract]  
Schedule of Royalty Interests
As of December 31, 2019 and 2018, the Trust owned the following oil and gas royalty interests (in thousands, except number of interests):
Net Book Value
December 31, 2019 December 31, 2018
1/16th nonparticipating perpetual royalty interests (1)
$ —    $ —   
1/128th nonparticipating perpetual royalty interests (2)
—    —   
Royalty interests acquired (3)
29,320    24,303   
Total royalty interests, gross $ 29,320    $ 24,303   
Less: accumulated depletion (260)   —   
Total royalty interests, net $ 29,060    $ 24,303   

(1) Nonparticipating perpetual royalty interests in approximately 370,737 gross royalty acres as of December 31, 2019 and 2018, respectively.

(2) Nonparticipating perpetual royalty interests in approximately 84,934 gross royalty acres as of December 31, 2019 and 2018, respectively.

(3) Royalty interests in approximately 3,074 net royalty acres and approximately 1,826 net royalty acres as of December 31, 2019 and 2018, respectively.