Quarterly report pursuant to Section 13 or 15(d)

Oil and Gas Royalty Interests (Tables)

v3.23.3
Oil and Gas Royalty Interests (Tables)
 9 Months Ended
Sep. 30, 2023
Real Estate [Abstract]  
Schedule of Royalty Interests
As of September 30, 2023 and December 31, 2022, we owned the following oil and gas royalty interests (in thousands):
September 30,
2023		 December 31,
2022
Oil and gas royalty interests:
1/16th nonparticipating perpetual royalty interests (1)
$ —  $ — 
1/128th nonparticipating perpetual royalty interests (1)
—  — 
Royalty interests acquired, at cost 51,494  47,928 
Total royalty interests 51,494  47,928 
Less: accumulated depletion (4,281) (2,903)
Royalty interests, net $ 47,213  $ 45,025 
(1)Royalty interests assigned through the Declaration of Trust.