Oil and Gas Royalty Interests (Tables)

9 Months Ended

Sep. 30, 2023

Real Estate [Abstract]

Schedule of Royalty Interests

As of September 30, 2023 and December 31, 2022, we owned the following oil and gas royalty interests (in thousands):

	September 30, 2023		December 31, 2022
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		47,928
Total royalty interests	51,494		47,928
Less: accumulated depletion	(4,281)		(2,903)
Royalty interests, net	$	47,213	$	45,025

(1)Royalty interests assigned through the Declaration of Trust.