Properties And Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Summary of Acquisitions

Acquisitions

Quarter Ended	Net royalty acres (1)(2)	Cash	Number of shares (3)	Total Purchase Price (1)(4)	% Proved / % Unproved	Area of Interest
December 31, 2023
	325	$4.3 million	-	$4.3 million	72% / 28%	Haynesville / SCOOP
September 30, 2023
	974	$13.4 million	-	$13.4 million	81% / 19%	Haynesville / SCOOP
June 30, 2023
	151	$1.8 million	-	$1.8 million	29% / 71%	Haynesville / SCOOP
March 31, 2023
	912	$10.8 million	-	$10.8 million	44% / 56%	Haynesville / SCOOP
December 31, 2022
	1,256	$14.6 million	-	$14.6 million	32% / 68%	Haynesville / SCOOP
September 30, 2022
	924	$13.6 million	-	$13.6 million	73% / 27%	Haynesville / SCOOP
June 30, 2022
	938	$9.1 million	-	$9.1 million	58% / 42%	Haynesville / SCOOP
March 31, 2022
	825	$9.3 million	-	$9.3 million	63% / 37%	Haynesville / SCOOP
December 31, 2021
	1,884	$11.3 million	1,519,481	$14.8 million	52% / 48%	Haynesville / SCOOP

(1) Excludes subsequent closing adjustments and insignificant acquisitions.

(2) An estimated net royalty equivalent was used for the unleased minerals included in the net royalty acres.

(3) The Company’s policy is to classify all costs associated with equity issuances as financial costs in the Statements of Cash Flows.

(4) Table excludes transaction costs of $0.3 million, $0.1 million, and $0.7 million, respectively, that were capitalized during the year ended December 31, 2023, the three months ended December 31, 2022, and the year ended September 30, 2022.

Summary of Divestitures

Divestitures

Quarter Ended	Net mineral acres(1)/ Wellbores(2)	Sale Price (3)	Gain/(Loss) (3)	Location
December 31, 2023
	No significant divestitures
September 30, 2023
	729 acres	$0.3 million	$0.2 million	OK
June 30, 2023
	No significant divestitures
March 31, 2023
	755 acres	$0.3 million	$0.3 million	OK / TX
	267 wellbores	$10.7 million	$4.1 million(4)	OK / TX
December 31, 2022
	4,743 acres	$1.0 million	$0.8 million	OK / TX
September 30, 2022
	87 acres	$0.1 million	$0.1 million	TX
	224 wellbores	$5.3 million	$3.6 million	OK / AR / ND
June 30, 2022
	2,381 acres	$0.5 million	$0.5 million	AR / OK / TX
	27 wellbores	$0.5 million	$0.2 million	OK
March 31, 2022
	7,201 acres	$2.1 million	$2.1 million	NM / TX
December 31, 2021
	692 wellbores	$4.6 million	($2.2) million	AR / OK / TX

(1) Number of net mineral acres sold.

(2) Number of gross wellbores associated with working interests sold.

(3) Excludes subsequent closing adjustments and immaterial divestitures.

(4) Excludes $6.1 million loss recognized as an impairment in the quarter ended December 31, 2022 related to assets and liabilities held for sale as of December 31, 2022.

Schedule of Asset Retirement Obligations

The following table shows the activity for the year ended December 31, 2023, the three month period ended December 31, 2022, and the year ended September 30, 2022, relating to the Company’s asset retirement obligations:

	Year Ended December 31,				Three Months Ended December 31,				Year Ended September 30,
	2023				2022				2022
Asset retirement obligations as of beginning of the period	$	1,916,932		(1)	$	1,901,904			$	2,836,172
Wells acquired or drilled		-				-				-
Wells sold or plugged		(898,231	)			(5,938	)			(1,027,030	)
Accretion of discount		43,438				20,966				92,762
Asset retirement obligations as of end of the period	$	1,062,139			$	1,916,932		(1)	$	1,901,904

(1) The December 31, 2022 balance includes $0.8 million related to the held for sale liabilities at December 31, 2022.