Quarterly report pursuant to Section 13 or 15(d)

Oil and Gas Royalty Interests (Tables)

v3.24.3
Oil and Gas Royalty Interests (Tables)
 9 Months Ended
Sep. 30, 2024
Real Estate [Abstract]  
Schedule of Royalty Interests
As of September 30, 2024 and December 31, 2023, we owned the following oil and gas royalty interests (in thousands):
September 30,
2024		 December 31,
2023
Oil and gas royalty interests:
1/16th nonparticipating perpetual royalty interests (1)
$ —  $ — 
1/128th nonparticipating perpetual royalty interests (1)
—  — 
Royalty interests acquired, at cost 171,828  51,494 
Total royalty interests 171,828  51,494 
Less: accumulated depletion (7,800) (4,885)
Royalty interests, net $ 164,028  $ 46,609 
(1)Royalty interests assigned through the Declaration of Trust.