14. Acquisitions

During the year ended March 31, 2025, the Company incurred approximately $2,000,000 in acquisition costs to acquire various royalty interests in approximately 840 producing wells located in Adams, Broomfield, and Weld Counties, Colorado; DeSoto Parish, Louisiana; Eddy County, New Mexico; Karnes, Live Oak, Reagan, Reeves, and Upton Counties, Texas; Laramie County, Wyoming; and multiple counties in Nebraska, North and South Dakota, and Montana.

During the year ended March 31, 2024, the Company incurred approximately $1,800,000 in acquisition costs to acquire various royalty interests in approximately 340 producing wells in Crane, Ector, Howard, Midland, Reeves, and Upton Counties, Texas.