Quarterly report pursuant to Section 13 or 15(d)

Royalty Interests

v3.21.1
Royalty Interests
 3 Months Ended
Mar. 31, 2021
Real Estate [Abstract]  
Royalty Interests Royalty Interests
As of March 31, 2021 and December 31, 2020, we owned the following oil and gas royalty interests (in thousands):

Net Book Value
March 31, 2021 December 31, 2020
1/16th nonparticipating perpetual royalty interests $ —  $ — 
1/128th nonparticipating perpetual royalty interests —  — 
Royalty interests acquired 46,266  46,266 
Total royalty interests, gross 46,266  46,266 
Less: accumulated depletion (831) (620)
Total royalty interests, net $ 45,435  $ 45,646 

There were no oil and gas royalty interest transactions for the three months ended March 31, 2021. For the three months ended March 31, 2020, we acquired oil and gas royalty interests in 1,017 net royalty acres (normalized to 1/8th) for an aggregate purchase price of $16.9 million, an average price of approximately $16,659 per net royalty acre.