Annual report pursuant to Section 13 and 15(d)

Oil and Gas Royalty Interests (Tables)

v3.24.0.1
Oil and Gas Royalty Interests (Tables)
 12 Months Ended
Dec. 31, 2023
Real Estate [Abstract]  
Schedule of Royalty Interests
As of December 31, 2023 and 2022, we owned the following oil and gas royalty interests (in thousands):
December 31,
2023		 December 31,
2022
Oil and gas royalty interests:
1/16th nonparticipating perpetual royalty interests (1)
$ —  $ — 
1/128th nonparticipating perpetual royalty interests (2)
—  — 
Royalty interests acquired, at cost (3)
51,494  47,928 
Total royalty interests 51,494  47,928 
Less: accumulated depletion (4,885) (2,903)
Royalty interests, net $ 46,609  $ 45,025 
(1)    Nonparticipating perpetual royalty interests in 370,737 gross royalty acres as of December 31, 2023 and 2022.

(2)    Nonparticipating perpetual royalty interests in 84,934 gross royalty acres as of December 31, 2023 and 2022.

(3)    Royalty interest in 4,302 and 4,182 net royalty acres as of December 31, 2023 and 2022, respectively.