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.