v3.20.2

Royalty Interests (Details) $ in Thousands	9 Months Ended		12 Months Ended
Royalty Interests (Details) $ in Thousands	Sep. 30, 2020 USD ($) a $ / a	Sep. 30, 2019 USD ($) a $ / a	Dec. 31, 2019 USD ($)
Net Book Value
Royalty interests acquired, net of accumulated depletion of $582 and $260 as of September 30, 2020 and December 31, 2019, respectively	$ 46,265		$ 29,320
Total royalty interests, gross	46,265		29,320
Less: accumulated depletion	(582)		(260)
Total royalty interests, net	45,683		$ 29,060
Acquisition of royalty interests	$ 16,945	$ 5,017
Royalty interest rate	12.50%	12.50%
1/16th nonparticipating perpetual royalty interests
Real Estate Properties [Line Items]
Nonparticipating perpetual royalty interest rate	6.25%		6.25%
Net Book Value
1/16th nonparticipating perpetual royalty interest	$ 0		$ 0
1/128th nonparticipating perpetual royalty interests
Real Estate Properties [Line Items]
Nonparticipating perpetual royalty interest rate	0.78125%		0.78125%
Net Book Value
1/128th nonparticipating perpetual royalty interest	$ 0		$ 0
Additional real estate acquisitions
Net Book Value
Net royalty interests (acre) \| a	1,017	1,247
Acquisition of royalty interests	$ 16,900	$ 4,700
Average price per net royalty acre acquired (in dollars per acre) \| $ / a	16,668	3,800

Accumulated Depreciation, Royalty Interests

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- Definition

Average Price Per Net Royalty Acre Acquired

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- Definition

Net Book Value of Royalty Interests [Abstract]

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- Definition

An expense-free interest with a perpetual duration in oil or gas, as, if and when produced 1/128 of the proceeds are due to the Trust. Nonparticipating indicates the interest does not share in bonus or rental, nor in the right to execute leases or to explore and develop.

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- Definition

An expense-free interest with a perpetual duration in oil or gas, as, if and when produced 1/16 of the proceeds are due to the Trust. Nonparticipating indicates the interest does not share in bonus or rental, nor in the right to execute leases or to explore and develop.

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- Definition

Nonparticipating Perpetual Royalty Interest Rate

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- Definition

Royalty Interest Acquired

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- Definition

Royalty Interest Acquired, Acres

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- Definition

Royalty Interest Rate

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- Definition

Total Royalty Interests

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- Definition

Total Royalty Interests, Gross

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- Definition

The cash outflow from the purchase of royalty interests in mining properties is the amount of cash the mineral producer pays the owner of the mine or mineral resource.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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TEXAS PACIFIC LAND TRUST 10-Q