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Acquisitions and Dispositions
 12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Acquisitions and Dispositions
2. Acquisitions and Dispositions
Historically, the
Company has repurchased the
non-controlling
interests of the partners and trust unit holders in certain of the Partnerships, w
hich
consist primarily of oil and gas interests. The Company purchased such
non-controlling
interests in an amount totaling $44,000 in 2021 and $22,000 in 2020. Such purchases resulted in the
non-cash
acquisition of
non-controlling
equity interests of $14,000 and $36,000 respectively.
During 2021 and 2020 the Company liquidated partnerships for total cash payments of $632,000 and $720,000 respectively, resulting in the
non-cash
distribution of
non-controlling
interest of $647,000 and $1,550 million, respectively
. Effective December 31, 2021, all managed partnerships and trusts have been liquidated.
During 2020 the Company acquired 232 net acres, along with 15% to 16.6% working interest ownership in 53 oil and gas wells and one commercial salt water disposal well operated by the Company, all located in Reagan County, Texas, for $343,000. In addition, we acquired 9.36 net acre in Upton County, Texas at a cost of $5,100.
During 2021 the Company acquired 5.9 net acres, located in Midland county, Texas, for approximately
$29,500 
and sold or farmed out interests in certain
non-core
undeveloped and developed oil and natural gas properties in Oklahoma. In Texas, the Company divested approximately 116 net mineral acres (NMA) located in Martin County, Texas for proceeds of
$1.45
 million.
In the first quarter of 2022, the Company has sold 1809 net leasehold acres in Reagan and Midland Counties, Texas through two separate transactions receiving gross proceeds of $14.1 million.