Annual report [Section 13 and 15(d), not S-K Item 405]

Oil and Gas Royalty Interests - Narrative (Details)

v3.25.4
Oil and Gas Royalty Interests - Narrative (Details)
$ in Thousands
 1 Months Ended 12 Months Ended
Nov. 30, 2025
USD ($)
a
Mar. 31, 2025
USD ($)
a
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
a
acquistion
Dec. 31, 2023
USD ($)
Real Estate Properties [Line Items]          
Acquisition of royalty interests     $ 454,244 $ 395,577 $ 3,566
Number of acquisitions | acquistion       2  
Post-close adjustment from seller related to curative title defects     3,878 $ 0 0
Depletion expense     $ 42,700 $ 9,800 $ 2,000
Midland Basin in Martin, Howard, Midland, and Other Countries          
Real Estate Properties [Line Items]          
Acquisition of royalty interests $ 450,700        
1/16th nonparticipating perpetual royalty interest          
Real Estate Properties [Line Items]          
Nonparticipating perpetual royalty interest rate (in percentage)     6.25% 6.25%  
1/128th nonparticipating perpetual royalty interest          
Real Estate Properties [Line Items]          
Nonparticipating perpetual royalty interest rate (in percentage)     0.78125% 0.78125%  
Additional real estate acquisitions          
Real Estate Properties [Line Items]          
Net royalty interests (in acres) | a 17,306 177   11,596  
Acquisition of royalty interests   $ 3,500   $ 395,500