XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.1
Organization and Presentation (Details)
$ / shares in Units, a in Thousands
3 Months Ended
Jan. 11, 2022
USD ($)
$ / shares
shares
Aug. 23, 2018
USD ($)
a
Vote
shares
Jul. 26, 2017
USD ($)
$ / shares
shares
Mar. 31, 2022
Vote
$ / shares
Dec. 31, 2021
$ / shares
Business Acquisition [Line Items]          
Warrant outstanding, shares     7,500,000    
Warrants, description     Each whole Public Warrant entitles the holder to purchase one share of Class A common stock at an initial exercise price of $11.50, subject to adjustment.    
Warrants, initial exercise price | $ / shares     $ 1.00    
Proceeds from sale of warrants | $     $ 7,500,000    
Descriptions of royalties       The Company’s assets, via its controlling interest in OpCo, consist of royalty interests, mineral interests, non-participating royalty interests and overriding royalty interests, or ORRIs (collectively, “Royalties”), underlying approximately 256,000 gross unit acres that are concentrated in what the Company believes is the “core-of-the-core” of the liquids-rich condensate region of the Eagle Ford Shale in Karnes, DeWitt and Gonzales Counties, Texas. The company owns additional assets of approximately 95,000 gross unit acres in Pennsylvania, Ohio and West Virginia which is prospective for the Marcellus Shale.  
Falcon OpCo [Member]          
Business Acquisition [Line Items]          
Number of OpCo units issued 235,000,000        
Debt indebtedness for borrowed money | $ $ 45,000,000        
Debt indebtedness division value | $ / shares $ 5.15        
Reverse stock split conversion ratio 4        
Falcon OpCo [Member] | Minimum [Member]          
Business Acquisition [Line Items]          
Available liquidity amount additional shares be issued in transaction | $ $ 65,000,000        
Falcon OpCo [Member] | Maximum [Member]          
Business Acquisition [Line Items]          
Net debt not in excess value | $ $ 140,000,000        
Royal Entities [Member]          
Business Acquisition [Line Items]          
Description of the acquisition       (i) $400 million of cash and (ii) 40 million OpCo Common Units. The Company also issued to the Contributors 40 million shares of non-economic Class C common stock of the Company, which entitles each holder to one vote per share. The OpCo Common Units are redeemable on a one-for-one basis for shares of Class A Common Stock at the option of the Contributors. Upon the redemption by any Contributor of OpCo Common Units for Class A Common Stock, a corresponding number of shares of Class C Common Stock held by such Contributor will be cancelled.    
Cash paid | $   $ 400,000,000      
Royal Entities [Member] | Subsidiaries [Member]          
Business Acquisition [Line Items]          
Common units issued   40,000,000      
Royal Entities [Member] | Subsidiaries [Member] | Texas [Member]          
Business Acquisition [Line Items]          
Gross acres owned by the company | a   256      
Royal Entities [Member] | Subsidiaries [Member] | Pennsylvania, Ohio and West Virginia [Member]          
Business Acquisition [Line Items]          
Gross acres owned by the company | a   95      
Class A common stock [Member]          
Business Acquisition [Line Items]          
Warrant outstanding, shares     13,750,000    
Warrants, number of common stocks purchased by each warrant     1    
Warrants, initial exercise price | $ / shares     $ 11.50    
Common stock, number of votes per share | Vote       1  
Common stock, par value | $ / shares       $ 0.0001 $ 0.0001
Class A common stock [Member] | Royal Entities [Member]          
Business Acquisition [Line Items]          
Common stock, par value | $ / shares       0.0001  
Class A common stock [Member] | Royal Entities [Member] | Subsidiaries [Member]          
Business Acquisition [Line Items]          
Common units redemption ratio   100.00%      
Class C common stock [Member]          
Business Acquisition [Line Items]          
Common stock, par value | $ / shares       $ 0.0001 $ 0.0001
Class C common stock [Member] | Falcon OpCo [Member]          
Business Acquisition [Line Items]          
Common stock shares to be issued to acquiree at closing 235,000,000        
Metric to measure if additional shares to be issued in the transaction | $ $ 140,000,000        
Class C common stock [Member] | Royal Entities [Member]          
Business Acquisition [Line Items]          
Common stock, number of votes per share | Vote   1      
Common stock issued or agreed to issue   40,000,000