Royale Energy, Inc. and California Resources Production Corporation Make New Discovery in the Rio Vista Field
January 09, 2019 at 11:32 am EST
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Royale Energy, Inc. announced 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 174 net ft. of probable gas zones and 37 net ft. of possible gas zones. The company anticipates testing the well within the next five to ten days.
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. 
