Royalty Interests |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Real Estate [Abstract] | Ìý | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Royalty Interests |
Royalty Interests
As of MarchÌý31, 2019 and DecemberÌý31, 2018, the Trust owned the following oil and gas royalty interests (in thousands, except number of interests):
No valuation allowance was necessary at MarchÌý31, 2019 and DecemberÌý31, 2018.
For the three months ended MarchÌý31, 2019, the Trust acquired oil and gas royalty interests in approximately 301 net royalty acres (normalized to 1/8th) for an aggregate purchase price of $3.2 million, an average price of approximately $10,500 per net royalty acre.
There were no oil and gas royalty interest transactions for the three months ended MarchÌý31, 2018.
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