Annual report pursuant to Section 13 and 15(d)

Oil and Gas Royalty Interests (Tables)

v3.22.4
Oil and Gas Royalty Interests (Tables)
 12 Months Ended
Dec. 31, 2022
Real Estate [Abstract]  
Schedule of Royalty Interests As of December 31, 2022 and 2021, we owned the following oil and gas royalty interests (in thousands):
Net Book Value
December 31,
2022		 December 31,
2021
1/16th nonparticipating perpetual royalty interests (1)
$ —  $ — 
1/128th nonparticipating perpetual royalty interests (2)
—  — 
Royalty interests acquired (3)
47,928  46,266 
Total royalty interests, gross 47,928  46,266 
Less: accumulated depletion (2,903) (1,876)
Total royalty interests, net $ 45,025  $ 44,390 
(1)    Nonparticipating perpetual royalty interests in 370,737 gross royalty acres as of December 31, 2022 and 2021.

(2)    Nonparticipating perpetual royalty interests in 84,934 gross royalty acres as of December 31, 2022 and 2021.

(3)    Royalty interest in 4,182 and 4,090 net royalty acres as of December 31, 2022 and 2021, respectively.