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As of March 31, 2020 and December 31, 2019, the Trust owned the following oil and gas royalty interests (in thousands, except number of interests):
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Net Book Value |
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March 31, 2020 |
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December 31, 2019 |
| 1/16th nonparticipating perpetual royalty interests |
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$ |
—Ìý |
Ìý |
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$ |
—Ìý |
Ìý |
| 1/128th nonparticipating perpetual royalty interests |
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—Ìý |
Ìý |
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—Ìý |
Ìý |
| Royalty interests acquired |
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46,256Ìý |
Ìý |
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29,320Ìý |
Ìý |
| Total royalty interests, gross |
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46,256Ìý |
Ìý |
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29,320Ìý |
Ìý |
| Less: accumulated depletion |
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(318) |
Ìý |
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(260) |
Ìý |
| Total royalty interests, net |
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$ |
45,938Ìý |
Ìý |
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$ |
29,060Ìý |
Ìý |
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