Annual report pursuant to Section 13 and 15(d)

Oil and Gas Royalty Interests (Tables)

v3.22.0.1
Oil and Gas Royalty Interests (Tables)
 12 Months Ended
Dec. 31, 2021
Real Estate [Abstract]  
Schedule of Royalty Interests
As of December 31, 2021 and 2020, we owned the following oil and gas royalty interests (in thousands, except number of acres):
Net Book Value
December 31, 2021 December 31, 2020
1/16th nonparticipating perpetual royalty interests (1)
$ —  $ — 
1/128th nonparticipating perpetual royalty interests (2)
—  — 
Royalty interests acquired (3)
46,266  46,266 
Total royalty interests, gross $ 46,266  $ 46,266 
Less: accumulated depletion (1,876) (620)
Total royalty interests, net $ 44,390  $ 45,646 
(1)    Nonparticipating perpetual royalty interests in 370,737 gross royalty acres as of December 31, 2021 and 2020.

(2)    Nonparticipating perpetual royalty interests in 84,934 gross royalty acres as of December 31, 2021 and 2020.

(3)    Royalty interest in 4,090 net royalty acres as of December 31, 2021 and 2020.