Royalty Interests |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Real Estate [Abstract] | Ìý | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Royalty Interests |
Royalty Interests
As of JuneÌý30, 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 JuneÌý30, 2019 and DecemberÌý31, 2018.
For the six months ended JuneÌý30, 2019, the Trust acquired oil and gas royalty interests in approximately 1,247 net royalty acres (normalized to 1/8th) for an aggregate purchase price of $4.7 million, an average price of approximately $3,800 per net royalty acre.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||