ºÚÁϳԹÏÍø

Annual report pursuant to Section 13 and 15(d)

Oil and Gas Royalty Interests - Narrative (Details)

v3.25.0.1
Oil and Gas Royalty Interests - Narrative (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Oct. 02, 2024
USD ($)
Aug. 31, 2024
USD ($)
a
Dec. 31, 2024
USD ($)
a
Dec. 31, 2023
USD ($)
a
Dec. 31, 2022
USD ($)
Oct. 31, 2024
USD ($)
a
Real Estate Properties [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý
Acquisition of royalty interests Ìý Ìý $ 395,577 $ 3,566 $ 1,662 Ìý
Proved properties Ìý $ 63,500 Ìý Ìý Ìý $ 57,400
Unproved properties Ìý $ 56,800 Ìý Ìý Ìý $ 217,800
Depletion expense Ìý Ìý $ 9,800 $ 2,000 $ 1,000 Ìý
NRA Locations In Midland Ìý Ìý Ìý Ìý Ìý Ìý
Real Estate Properties [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý
Business acquisition, percentage of interests acquired Ìý Ìý Ìý Ìý Ìý 80.00%
Total consideration and fair value $ 275,200 Ìý Ìý Ìý Ìý Ìý
Additional real estate acquisitions Ìý Ìý Ìý Ìý Ìý Ìý
Real Estate Properties [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý
Net royalty interests (in acres) | a Ìý 4,106 11,596 119 Ìý 7,490
Acquisition of royalty interests Ìý $ 120,300 $ 395,500 $ 3,600 Ìý Ìý
1/16th nonparticipating perpetual royalty interest Ìý Ìý Ìý Ìý Ìý Ìý
Real Estate Properties [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý
Nonparticipating perpetual royalty interest rate (in percentage) Ìý Ìý 6.25% Ìý Ìý Ìý
1/128th nonparticipating perpetual royalty interest Ìý Ìý Ìý Ìý Ìý Ìý
Real Estate Properties [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý
Nonparticipating perpetual royalty interest rate (in percentage) Ìý Ìý 0.78125% 0.78125% Ìý Ìý