The royalty volumes are weighted nearly 55% oil and natural gas liquids (NGL) and 45% natural gas. Freehold does not incur any capital costs to drill or equip the wells for production. Its land holdings total more than 6.4 million gross acres, which is one of the largest independently owned royalty lands portfolios in Canada.
Its royalties as a percentage of production have remained above 95%. About 10% of industry drilling within western Canada is on Freehold land. Given its strong reputation, the company can conveniently create new leases on its royalty lands.