Royale Energy Holdings, Inc. Announces Executive Changes
May 29, 2018 at 04:00 pm EDT
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Royale Energy announced that, effective June 1, 2018 Rod Eson has been appointed chief executive officer of the company by the board of directors. He was appointed to the company’s board of directors in January 2018. He is the chief executive officer of Foothill Energy, LLC, a position he has held since he founded Foothill Energy in 2004. Foothill owns and operates oil and gas properties in the central and northern valleys of California. Mr. Eson has owned and operated oil and gas production companies as well as oilfield service companies since 1979. From 2013 to 2015, he was chairman of the board of Enhanced Oil Resources, Inc. Mr. Rod Eson replaces Jonathan Gregory, who has resigned as CEO effective June 1, 2018. Mr. Gregory remains on the board of directors of the company.
Royale Energy Funds, Inc. is an independent oil and gas producer. The Company also performs turnkey drilling operations. The Company owns wells and leases in various geological basins located primarily in California, Texas, Oklahoma, and Utah, and offers fractional working interests. The Company also owns an overriding royalty interest in discovery in Alaska. It usually sells a portion of the working interest in each well it drills or participates with third-party participants and retains a portion of the prospect for its own account. The Company generally sells working interests in its prospects to accredited investors in exempt securities offerings. The prospects are typically bundled into multi-well investments, which permit third-party investors to diversify their investments by investing in several wells at once instead of investing in single-well prospects. The Company owns an interest in approximately 70 producing oil and natural gas wells.
ROYALE ENERGY, INC. 
