Our land holdings total greater than 6.8 million gross acres extending from northeastern British Columbia to southern Ontario. We have interests in more than 44,000 wells and receive royalty income from over 300 industry operators. This diversity lowers our risk, while we benefit from industry drilling activity on our royalty lands.
Freehold actively manages its asset portfolio to deliver shareholder value, with a strong focus on business development and accretive acquisitions.
As a royalty interest owner, we do not pay any of the capital costs to drill and equip the wells for production, nor do we incur costs to operate the wells, maintain production, and ultimately restore the land to its original state. The operators pay all of those costs and we simply receive a percentage of the production.
While Freehold is primarily a royalty company, we also own working interests in oil and natural gas properties where we do pay our share of the capital, operating, maintenance and restoration costs. Our working interest assets represent less than 1% of our total operating income and less than 5% of total production.