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Royale Energy Funds Inc (PK:ROYL)

Business Focus: Oil & Gas Exploration and Production

Nov 29, 2023 09:00 am ET
Royale Energy Announces Operations Update on the Permian Basin Joint Development Agreement
Royale Energy, Inc. (OTCQB: ROYL) is pleased to announce new progress on its Joint Development Agreement (JDA) with Ares Energy LTD, located in the Permian Basin, Texas. This project is a horizontal resource play in the Mississippian interval....
Oct 04, 2023 07:55 am ET
Royale Announces Operations Update on the Permian Basin Joint Development Agreement
Royale Energy, Inc. (OTCQB: ROYL) is pleased to announce new progress on its Joint Development Agreement (JDA) with Ares Energy LTD, located in the Permian Basin, Texas. This project is a horizontal resource play in the Mississippian interval....
Mar 27, 2023 09:00 am ET
First Well Completed on the Permian Basin Joint Development Agreement
Royale Energy, Inc., (OTCQB : ROYL), is pleased to announce initial production rates for the first well drilled on the Joint Development Agreement (JDA). The JDA was executed and announced November 21, 2022.  This project is a horizontal resource...
Nov 29, 2022 06:00 am ET
Royale Expands Oil Development in the North Jameson Field
Royale Energy, Inc., (the “Company” or “Royale”) (OTCQB : ROYL), is pleased to announce the completion of the V.T. McCabe #70 well which was recently drilled to a target depth of 7,000' in the Company’s North Jameson Field in Mitchell County,...
Nov 21, 2022 01:04 pm ET
Royale Announces New Joint Development Agreement in Permian Basin
Royale Energy, Inc., (OTCQB : ROYL), is pleased to announce that it has executed a Joint Development Agreement (JDA) with Ares Energy LTD for up to 25,000 acres in Ector and Andrews counties, Texas in the Permian Basin. This “Pradera Fuego Project”...
Jun 09, 2020 08:03 am ET
Royale Completes Two North Jameson Wells
Royale Energy, Inc., (OTCQB : ROYL), an independent exploration and production company based in San Diego, California announces that it has completed and put into production two new vertical low cost oil wells in its North Jameson field in the...
Apr 22, 2020 08:05 am ET
Royale Finds Oil at Whittier and Jameson Fields
Royale Energy, Inc., (OTCQB : ROYL), an independent exploration and production company based in San Diego, California announced the Whittier W1-ST5 oil well reached a total depth of 3,634 ft in the West Whittier Field. The well encountered porous...
Aug 28, 2019 08:19 am ET
Royale Drills Multiple Formation Well at Rio Vista
Royale Energy, Inc., (OTCQB : ROYL), an independent exploration and production company based in San Diego, California announced today that Royale Energy, Inc. (Royale), in partnership with California Resources Production Corporation (CRPC), drilled...
Jun 13, 2019 08:03 am ET
Royale Energy and RMX Resources Announce New Success in Sansinena Oil Field
Royale Energy, Inc., (OTCQB : ROYL), and RMX Resources, LLC jointly announced the successful drilling and completion of the Sansinena 9B-18 and 9B-20 oil wells. The 9B-18 well was completed on June 4, 2019 and flowed at 360 barrels of oil per...
Jun 04, 2019 01:19 pm ET
Royale’s CRC RVGU 4-1 Well at Rio Vista Now on Production at 3,000,000 Cubic Ft. Per Day
Royale Energy, Inc., (OTCQB : ROYL), an independent exploration and production company based in San Diego, California announced today, that Royale Energy, Inc. (Royale) in partnership with California Resources Production Corporation (CRPC) has...
Apr 11, 2019 08:26 am ET
Royale’s CRC RVGU 33-2 Well at Rio Vista Now on Production at 2,100,000 Cubic ft. per Day
Royale Energy, Inc., (OTCQB: ROYL), an independent exploration and production company based in San Diego, California announced today, that Royale Energy, Inc. (Royale) in partnership with California Resources Production Corporation (CRPC) has...
Mar 18, 2019 12:23 pm ET
Rio Vista CRC 33-2 Well Logs 121 ft. of Pay
Royale Energy, Inc., (OTCQB : ROYL), an independent exploration and production company based in San Diego, California announced today that production casing was set on the recently drilled CRC #33-2 well in the Rio Vista natural gas field in...
Jan 28, 2019 08:24 am ET
Royale CRC 33-1 Well Flows 4,600,000 Cubic Ft. Per Day
Royale Energy, Inc., (OTCQB : ROYL) announced the Royale CRC 33-1 natural gas well in the Sacramento Basin flowed 4,600,000 cubic ft. per day with very high reservoir pressure on a combined rate from two zones that were completed in the Mokelumne...
Jan 09, 2019 11:32 am ET
Royale and CRPC Make a New Discovery in the Rio Vista Field
Royale Energy, Inc., (OTCQB : ROYL) announced today that production casing was set on the recently drilled RVGU #33-1 well in the Rio Vista Field in partnership with California Resources Production Corporation (CRPC).  The open hole logs indicate...
Jan 07, 2019 11:56 am ET
Royale Board Names Johnny Jordan as New CEO
Royale Energy, Inc., (OTCQB : ROYL) today announced the appointment of Johnny Jordan to succeed Rod Eson as Chief Executive Officer (CEO). Following Mr. Eson’s decision to step down to focus attention on personal business matters, the company’s...
Dec 10, 2018 01:31 pm ET
Royale Today Announced that it has Completed the Acquisition of the N. Jameson and Big Mineral Creek Properties from West Coast Energy
Royale Energy, Inc., (OTCQB : ROYL) announced that it has completed the acquisition of the N. Jameson and Big Mineral Creek properties in the Permian Basin in Texas, from West Coast Energy  The N. Jameson property currently is producing 64 BOEPD...
Oct 22, 2018 11:46 am ET
Royale Signs Joint Venture to Expand Drilling in Rio Vista Field
Royale Energy, Inc. (OTCQB : ROYL) announces it has entered into a joint venture with California Resources Corporation (NYSE: CRC) to drill 30 wells throughout the Rio Vista field, the largest dry gas field in California. The agreement will provide...
Jul 31, 2018 12:56 pm ET
Royale Energy Elects New Independent Directors
Royale Energy, Inc., (OTCQB : ROYL) is pleased to announce the election of 4 new members to its board of directors.  Mel Riggs, Robert Vogel, Tom Gladney and Barry Lasker received the vote of the company’s shareholders as recommended in the proxy....
Jun 28, 2018 08:34 am ET
Royale Acquires More Oil in the Permian Basin and California
Royale Energy, Inc., (OTCQB:ROYL) announced today it has entered into a Letter of Intent with an undisclosed company to purchase it’s non-operated interests in Permian Basin and California oil fields. The acquisition will add approximately 190...
Jun 26, 2018 12:08 pm ET
Royale Energy Announces 2018 Annual Meeting of Shareholders and Nominees for Board of Directors
Royale Energy, Inc., (OTCQB:ROYL) announced today that the 2018 annual meeting of shareholders, or “Royale Annual Meeting,” will be held on July 26, 2018 at 10:30 A.M., PDT, at Hilton Los Angeles Airport, 5711 West Century Boulevard, Los Angeles,...
May 22, 2018 01:18 pm ET
Royale Energy Expands Leadership
Royale Energy, Inc., (OTQBC:ROYL) announced today the appointment of Board Director Rod Eson as chief executive officer effective (immediately). Prior to accepting the chief executive responsibilities at Royale, Mr. Eson served as the CEO of...
Apr 19, 2018 08:02 am ET
Royale Energy and CIC Partners Form Joint Venture to Develop Sansinena Oil Field
SAN DIEGO, April 19, 2018 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) and CIC Partners (“CIC”), a Dallas-based private equity firm, have formed a new Joint Venture called RMX Resources which will fund, drill and produce oil at...
Mar 08, 2018 12:33 pm ET
Royale Energy Finalizes Matrix Merger
SAN DIEGO, March 08, 2018 (GLOBE NEWSWIRE) -- Royale Energy, Inc., (OTCQB:ROYL) and privately held Matrix Oil Management Corporation (“Matrix”) jointly announced today the closing and completion of the merger between Royale and Matrix. 
Jan 16, 2018 07:44 am ET
Royale Energy Holdings, Inc. Elects Board
SAN DIEGO, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Royale Energy Holdings (“Holdings”) (OTCQB:ROYL) has announced that it has elected seven members to its board of directors. The directors were named pursuant to the vote of the respective shareholder as...
Dec 28, 2017 02:08 pm ET
Royale Energy Provides Merger Update
SAN DIEGO, Dec. 28, 2017 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) ("Royale") and Matrix Oil Management Corporation (“Matrix”) have agreed to extend the expiration date of the Amended and Restated Agreement and Plan of Merger (the “Merger...
Nov 28, 2017 02:03 pm ET
Royale Energy Announces Acquisition of Remaining Interest in Matrix Operated Sansinena Field
SAN DIEGO, Nov. 28, 2017 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) (the "Company" or "Royale") today announced that it has signed a definitive purchase and sale agreement for a 50% non-operated working interest in oil and gas...
Nov 17, 2017 09:37 am ET
Royale Energy, Inc. Announces Shareholder Approval of the Merger with Matrix Oil Management Corporation
SAN DIEGO, Nov. 17, 2017 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) (the "Company" or "Royale") today announced the results of its annual meeting of shareholders. At the meeting, holders of Royale’s common stock voted to approve the...
Nov 06, 2017 01:55 pm ET
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Royale Energy, Inc.
Shareholders Vote "FOR" the Proposed Merger with Matrix Oil Management
Nov 02, 2017 04:45 pm ET
Royale Energy Urges Shareholders to Vote "For" the Merger With Matrix Oil Management
COMPANY NEEDS 66 2/3% OF THE OUTSTANDING SHARES TO VOTE IN FAVOR OF THE MERGER...
Nov 02, 2017 04:45 pm ET
Royale Energy Urges Shareholders to Vote "For" the Merger With Matrix Oil Management
COMPANY NEEDS 66 2/3% OF THE OUTSTANDING SHARES TO VOTE IN FAVOR OF THE MERGER
Aug 14, 2017 08:12 am ET
Royale Reports Profit for Second Quarter
SAN DIEGO, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) (“Royale” or the “Company”) today announced its second quarter 2017 results, in which it posted net income of $70,662 for the three months ending June 30, 2017. Royale’s second quarter profit was largely because of an $875,533 gain from its turnkey drilling operations, due to the completion of the CRC RVGU 8-4 during the period. Royale’s second quarter net income compares favorably to a $475,397 loss for the same period in 2016....
May 09, 2017 08:05 am ET
Royale Continues Development in Rio Vista
SAN DIEGO, May 09, 2017 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) announced it has signed a drilling contract for three additional wells in Rio Vista Field in Sacramento Basin and expects to begin drilling operations by the end of the month. The CRC 8-3, the CRC 8-4 and the CRC 8-5 wells will be drilled under Royale’s joint venture agreement covering the Rio Vista Field. Using 3-D seismic, Royale and its partner have identified several prospective locations in the Martinez, McCormick and Capay formations in the field....
Sep 22, 2016 07:52 am ET
Royale Begins Drilling a Development Well After Positive Results in CRC RVGU #8-1
SAN DIEGO, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) has begun drilling its second well, the CRC RVGU #8-2, in the Rio Vista field after finding over 100 ft. of net pay in a new gas pool discovery with the CRC RVGU #8-1 well. Both wells are being drilled from the same pad with the CRC RVGU #8-2 being drilled directionally. The CRC RVGU #8-1 was drilled vertically to a total depth of 6,700 ft. and encountered new natural gas reserves in several sands....
Sep 01, 2016 11:38 am ET
Royale Energy Commences Drilling in Rio Vista Field
SAN DIEGO, Sept. 01, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) announced that it has commenced drilling the first well under its joint venture agreement covering the Rio Vista Field in the Sacramento Basin. Discovered in 1936, Rio Vista is the largest natural gas field in California. The field has produced over 3.5 TCF of natural gas. Using 3-D seismic, Royale and its partners have identified several prospective locations in the Martinez and Capay formations. The Royale CRC 8-1 will target the Martinez sand at a depth of approximately 6000'. Royale expects to reach total de...
Aug 09, 2016 01:52 pm ET
Royale Energy Announces Second Quarter 2016 Financial Results and $2.5 Million Private Capital Raise
SAN DIEGO, Aug. 09, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) reported a net loss of $475,397 for the quarter ended June 30, 2016. This represents a $452,252 improvement when compared to a net loss of $927,649 during the second quarter of 2015.  This 49% improvement over the comparative quarter of last year was largely due to lower general and administrative expenses, a gain from the sale of the Company’s office building and a disputed accounts payable settlement....
Jul 25, 2016 09:40 am ET
Royale Energy Signs Letter of Intent to Merge With Matrix Oil Corp.
SAN DIEGO, July 25, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) Royale and privately held Matrix Oil Corporation jointly announced today that they have entered into a Letter of Intent to merge in a combined stock and assumption of debt transaction. The $41.5 million transaction remains subject to completion of due diligence reviews and customary definitive documentation and the approval of the shareholders of both companies. The companies seek to complete the merger in the fourth quarter of 2016....
Jun 16, 2016 07:30 am ET
Royale Expands Development Agreement
SAN DIEGO, June 16, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) today announced that it has reached an agreement with a major independent exploration and development company to expand their joint development agreement in the Sacramento Basin of Northern California. The expanded arrangement covers approximately 1,900 acres in the prolific Rio Vista Gas Field. Discovered in 1936, Rio Vista has already produced over 3.5 trillion cubic ft. of natural gas from multiple sands and has an estimated 500 billion cubic ft. of natural gas remaining in place. Royale will target the Capay ...
May 17, 2016 08:05 am ET
Royale Completes the First Two Wells of 2016
SAN DIEGO, May 17, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) reported today that it has recently completed two new wells, a natural gas well in Northern California and an oil well in South Louisiana....
May 09, 2016 12:08 pm ET
Royale Energy Posts a 45% Improvement in First Quarter Results
SAN DIEGO, May 09, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) reported today for the quarter ended March 31, 2016, a net loss of $624,320, a $507,596 improvement when compared to net loss of $1,131,916 during the first quarter of 2015.  This 45% improvement over the comparative quarter last year was largely due to cost reduction measures implemented by the Company as well as the successful drilling of a new turnkey well under Royale’s development agreement in Grimes Field....