Quarterly report pursuant to Section 13 or 15(d)

Oil and Gas Royalty Interests

v3.22.1
Oil and Gas Royalty Interests
 3 Months Ended
Mar. 31, 2022
Real Estate [Abstract]  
Oil and Gas Royalty Interests Oil and Gas Royalty InterestsAs of March 31, 2022 and December 31, 2021, we owned the following oil and gas royalty interests (in thousands):
Net Book Value
March 31,
2022		 December 31,
2021
1/16th nonparticipating perpetual royalty interests $ —  $ — 
1/128th nonparticipating perpetual royalty interests —  — 
Royalty interests acquired 47,903  46,266 
Total royalty interests, gross $ 47,903  $ 46,266 
Less: accumulated depletion (2,108) (1,876)
Total royalty interests, net $ 45,795  $ 44,390 
AcquisitionFor the three months ended March 31, 2022, we acquired oil and gas royalty interests in 92 net royalty acres (normalized to 1/8th) for an aggregate purchase price of $1.6 million, an average price of approximately $17,750 per net royalty acre. There were no oil and gas royalty interest transactions for the three months ended March 31, 2021.