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Acquisitions
 9 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions

11. Acquisitions

 

During the nine months ended December 31, 2025, the Company incurred approximately $626,000 in acquisition costs to acquire various royalty interests in 92 producing wells in Weld County, Colorado; Caddo Parish, Louisiana; Eddy County, New Mexico; and, Howard, Martin, and Pecos Counties, Texas.

 

During the nine months ended December 31, 2024, the Company incurred approximately $2,000,000 in acquisition costs to acquire various royalty interests in approximately 700 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.

 

Subsequently, in January 2026, the Company acquired royalty interests in 3 producing wells located in Karnes County, Texas for a purchase price of $27,800. This acquisition is effective January 1, 2026.