Profile: Royale Energy Inc (ROYL.OQ)
Royale Energy, Inc. (Royale Energy), incorporated on October 10, 1986, is an independent oil and natural gas producer. The Company is engaged in the production and sale of natural gas, acquisition of oil and gas lease interests and proved reserves, drilling of exploratory and development wells, and selling of fractional working interests in its wells to be drilled.
The Company owns wells and leases located mainly in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, Oklahoma, Louisiana, and Alaska. The Company sells a portion of the working interest in each well it drills or participates in to third party investors and retains a portion of the prospect for its own account.
As of December 31, 2014, the Company operated 54 natural gas wells in California. The Company also has non-operating interests in four natural gas wells in Utah, 11 oil and gas wells in Texas, two in Oklahoma, one in California and one in Louisiana. The Company sells its California natural gas production through PG&E pipelines to independent customers on a monthly contract basis, while some gas is delivered through privately owned pipelines to independent customers.
Royale Energy Inc
3777 Willow Glen Dr
EL CAJON CA 92019-4601