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Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Oil, natural gas, and natural gas liquids revenues
Revenue from customers is recognized when obligations under the terms of a contract with customers are satisfied; this generally occurs when control transfers at the wellhead for oil, natural gas, or NGLs.
During the three and nine months ended September 30, 2024 and 2023, the disaggregated revenues from sales of oil, natural gas and NGLs were as follows (in thousands):
For the Three Months Ended
September 30,		For the Nine Months Ended
September 30,
2024202320242023
Crude oil sales$131,438 $129,705 $402,226 $359,442 
Natural gas sales2,629 9,569 14,361 32,745 
NGL sales13,791 13,492 44,758 38,700 
Total royalty revenues$147,858 $152,766 $461,345 $430,887 
Lease bonus and other income
The Company also earns revenue from lease bonuses, delay rentals, and right-of-way payments. The Company generates lease bonus revenue by leasing its mineral interests to E&P companies. The Company recognizes lease bonus revenues when the lease agreement has been executed and payment is determined to be collectible. Payments for lease bonus and other income become unconditional upon the execution of an associated agreement.