Earnings Call Transcript

Source water revenues were up 18%, reduced water royalty revenues were up 26% and revenues for surface leases, easements and materials, which we refer to as SLEM, were up 52%. SLEM and source water sales, in particular, are generally good leading indicators for royalty production with the increased business activity this quarter, providing confidence that we’ll continue to see strong development on our royalty acreage.


One thought on “Earnings Call Transcript

  1. with 400 million in idle cash nd 3 month t-bills paying over 2% annually, i thought there should have been some mentiin of interest income. Did I miss it ?


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