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Quarterly report pursuant to Section 13 or 15(d)

Royalty Interests (Details)

v3.20.2
Royalty Interests (Details)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2020
USD ($)
a
$ / a
Jun. 30, 2019
USD ($)
a
$ / a
Dec. 31, 2019
USD ($)
Net Book Value Ìý Ìý Ìý
Royalty interests acquired, net of accumulated depletion of $360 and $260 as of June 30, 2020 and December 31, 2019, respectively $ 46,265 Ìý $ 29,320
Total royalty interests, gross 46,265 Ìý 29,320
Less: accumulated depletion (360) Ìý (260)
Total royalty interests, net 45,905 Ìý $ 29,060
Acquisition of royalty interests $ 16,945 $ 5,017 Ìý
Royalty interest rate 12.50% 12.50% 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 1,247 Ìý
Acquisition of royalty interests $ 16,900 $ 4,700 Ìý
Average price per net royalty acre acquired (in dollars per acre) | $ / a 16,668 3,800 Ìý