Oil and Gas Royalty Interests - Narrative (Details) $ in Thousands |
1 Months Ended | 12 Months Ended | ||||
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Oct. 02, 2024
USD ($)
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Aug. 31, 2024
USD ($)
a
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Dec. 31, 2024
USD ($)
a
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Dec. 31, 2023
USD ($)
a
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Dec. 31, 2022
USD ($)
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Oct. 31, 2024
USD ($)
a
|
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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 |
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- Definition Nonparticipating Perpetual Royalty Interest Rate No definition available.
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- Definition Royalty Interest Acquired, Acres No definition available.
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- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before accumulated depreciation, depletion, amortization, and valuation allowance, of capitalized cost for proved property in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, before accumulated depreciation, depletion, amortization, and valuation allowance, of capitalized cost for unproved property in oil- and gas-producing activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The noncash expense charged against earnings to recognize the consumption of natural resources. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow from the purchase of royalty interests in mining properties is the amount of cash the mineral producer pays the owner of the mine or mineral resource. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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