Quarterly report pursuant to Section 13 or 15(d)

Oil and Gas Royalty Interests (Tables)

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Oil and Gas Royalty Interests (Tables)
 3 Months Ended
Mar. 31, 2024
Real Estate [Abstract]  
Schedule of Royalty Interests
As of March 31, 2024 and December 31, 2023, we owned the following oil and gas royalty interests (in thousands):

March 31,
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 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)Royalty interests assigned through the Declaration of Trust.