Royale’s CRC RVGU 4-1 Well at Rio Vista Now on Production at 3,000,000 Cubic Ft. Per Day
04 Giugno 2019 - 7:19PM
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 initiated natural gas production from the CRC 4-1 well at a
stabilized production rate of 3,000,000 cubic ft. per day.
The CRC RVGU 4-1 was drilled by Royale to a total depth of 7,400
ft. The open hole logs indicate 184 ft. of gas pay. The
structure is located on a 50-acre closure/trap against the Midland
Fault in Nortonville, Capay, Mokelumne and Bunker gas sands as
delineated by well control and 3D seismic. It was initiated
into production from the Mokelumne Bunker sand intervals.
This is the third well drilled and completed by the joint Royale
/ CRC technical team under the 2019 Three-Year Drilling
Participation Program. An additional 5 prospects, all defined
by historic well data and 3D seismic, are expected to be drilled
from June through October 2019. Royale is drilling in a trend
of multi-BCF production wells.
Royale Energy and its investors own a 60% working interest in
CRC 4-1 at an 80% Net Revenue Interest, of which Royale owns
approximately 36% working interest.
About Royale Energy. Inc. Royale Energy, Inc.
(OTCQB: ROYL) is an independent exploration and production company
focused on the acquisition, development, and marketing of oil and
natural gas. The Company has its primary operations in California’s
Los Angeles and Sacramento Basins.
Forward-Looking Statement In addition to
historical information contained herein, this news release contains
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, subject to various risks
and uncertainties that could cause the company’s actual results to
differ materially from those in the “forward-looking” statements.
While the company believes its forward looking statements are based
upon reasonable assumptions, there are factors that are difficult
to predict and that are influenced by economic and other conditions
beyond the company’s control. Investors are directed to consider
such risks and other uncertainties discussed in documents filed by
the company with the Securities and Exchange Commission.
Contact: Royale Energy, Inc. Chanda Idano
Director of Marketing & PR 619-383-6600 chanda@royl.com
http://www.royl.com
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