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Oil and Natural Gas Interests

12 Months Ended

Dec. 31, 2020

Oil And Gas Exploration And Production Industries Disclosures [Abstract]

Note 7—Oil and Natural Gas Interests

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

	As of
	December 31,			December 31,
	2020			2019
Oil and natural gas interests:
Subject to depletion	$	319,487		$	311,954
Not subject to depletion		32,463			37,580
Gross oil and natural gas interests		351,950			349,534
Accumulated depletion and impairment		(144,445	)		(130,342	)
Oil and natural gas interests, net	$	207,505		$	219,192

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 $41.4 million. For the years ended December 31, 2020, 2019 and 2018, the Company has recorded approximately $0 million, $0 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.