Royalty Interests (Tables)

3 Months Ended

Mar. 31, 2020

Real Estate [Abstract]

Schedule of Royalty Interests

As of March 31, 2020 and December 31, 2019, the Trust owned the following oil and gas royalty interests (in thousands, except number of interests):

	Net Book Value
	March 31, 2020		December 31, 2019
1/16th nonparticipating perpetual royalty interests	$	—	$	—
1/128th nonparticipating perpetual royalty interests	—		—
Royalty interests acquired	46,256		29,320
Total royalty interests, gross	46,256		29,320
Less: accumulated depletion	(318)		(260)
Total royalty interests, net	$	45,938	$	29,060