Oil and Gas Royalty Interests - Royalty Interests (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended |
|---|---|---|
Mar. 31, 2024 |
Dec. 31, 2023 |
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| Oil and gas royalty interests: | ||
| Royalty interests acquired, at cost | $ 51,494 | $ 51,494 |
| Total royalty interests | 51,494 | 51,494 |
| Less: accumulated depletion | (5,340) | (4,885) |
| Royalty interests, net | 46,154 | 46,609 |
| 1/16th nonparticipating perpetual royalty interest | ||
| Oil and gas royalty interests: | ||
| 1/16th nonparticipating perpetual royalty interests | $ 0 | $ 0 |
| Nonparticipating perpetual royalty interest rate (in percentage) | 6.25% | 6.25% |
| 1/128th nonparticipating perpetual royalty interest | ||
| Oil and gas royalty interests: | ||
| 1/128th nonparticipating perpetual royalty interests | $ 0 | $ 0 |
| Nonparticipating perpetual royalty interest rate (in percentage) | 0.78125% | 0.78125% |
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- Definition Accumulated Depreciation, Royalty Interests No definition available.
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- Definition Net Book Value of Royalty Interests [Abstract] No definition available.
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- Definition An expense-free interest with a perpetual duration in oil or gas, as, if and when produced 1/128 of the proceeds are due to the Trust. Nonparticipating indicates the interest does not share in bonus or rental, nor in the right to execute leases or to explore and develop. No definition available.
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- Definition An expense-free interest with a perpetual duration in oil or gas, as, if and when produced 1/16 of the proceeds are due to the Trust. Nonparticipating indicates the interest does not share in bonus or rental, nor in the right to execute leases or to explore and develop. No definition available.
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- Definition Nonparticipating Perpetual Royalty Interest Rate No definition available.
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- Definition Royalty Interest Acquired No definition available.
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- Definition Total Royalty Interests No definition available.
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- Definition Total Royalty Interests, Gross No definition available.
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