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Oil and Natural Gas Interests

9 Months Ended

Sep. 30, 2019

Oil And Gas Exploration And Production Industries Disclosures [Abstract]

Note 5—Oil and Natural Gas Interests

Oil and natural gas interest include the following (in thousands):

	As of
	September 30,			December 31,
	2019			2018
Oil and natural gas interests:
Subjection to depletion	$	310,863		$	307,438
Not subjection to depletion		36,812			19,335
Gross oil and natural gas interests		347,675			326,773
Accumulated depletion and impairment		(127,229	)		(117,605	)
Oil and natural gas interests, net	$	220,446		$	209,168

In February 2018, Royal completed the sale of its interests in a portion of its oil and natural gas properties to an unaffiliated third party for cash proceeds of $121.1 million. The sale resulted in a realized gain of $41.3 million. For the three and nine months ended September 30, 2018, the Company has recorded approximately $0.1 million and $41.4 million in realized gains related to the sale of its interests in a portion of its oil and natural gas properties.