v3.25.2
Oil and Gas Producing Activities (Tables)
6 Months Ended
Jun. 30, 2025
Extractive Industries [Abstract]  
Schedule of Oil and Natural Gas Aggregate Capitalized Costs and Applicable Accumulated Depreciation
Aggregate capitalized costs related to oil and natural gas production activities with applicable accumulated depletion are as follows (in thousands):
June 30,
2025
December 31,
2024
Oil, natural gas and NGL interests
Proved $171,049 $150,984 
Unproved 275,690 296,087 
Total oil, natural gas and NGL interests446,739 447,071 
Less: accumulated depletion(30,691)(14,670)
Royalty interests, net$416,048 $432,401