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Quarterly report pursuant to Section 13 or 15(d)

Royalty Interests (Details)

v3.20.1
Royalty Interests (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2020
USD ($)
a
$ / a
Mar. 31, 2019
USD ($)
a
$ / a
Dec. 31, 2019
USD ($)
Net Book Value Ìý Ìý Ìý
Royalty interests acquired, net of accumulated depletion of $318 and $260 as of March 31, 2020 and December 31, 2019, respectively $ 46,256 Ìý $ 29,320
Total royalty interests, gross 46,256 Ìý 29,320
Less: accumulated depletion (318) Ìý (260)
Total royalty interests, net 45,938 Ìý $ 29,060
Acquisition of royalty interests $ 16,936 $ 3,418 Ìý
Royalty interest rate 12.50% Ìý Ìý
1/16th nonparticipating perpetual royalty interests Ìý Ìý Ìý
Real Estate Properties [Line Items] Ìý Ìý Ìý
Nonparticipating perpetual royalty interest rate 6.25% Ìý 6.25%
Net Book Value Ìý Ìý Ìý
1/16th nonparticipating perpetual royalty interest $ 0 Ìý $ 0
1/128th nonparticipating perpetual royalty interests Ìý Ìý Ìý
Real Estate Properties [Line Items] Ìý Ìý Ìý
Nonparticipating perpetual royalty interest rate 0.78125% Ìý 0.78125%
Net Book Value Ìý Ìý Ìý
1/128th nonparticipating perpetual royalty interest $ 0 Ìý $ 0
Additional real estate acquisitions Ìý Ìý Ìý
Net Book Value Ìý Ìý Ìý
Net royalty interests (acre) | a 1,017 301 Ìý
Acquisition of royalty interests $ 16,900 $ 3,200 Ìý
Average price per net royalty acre acquired (in dollars per acre) | $ / a 16,659 10,500 Ìý