Welcome to our dedicated page for Royale Energy news (Ticker: ROYL), a resource for investors and traders seeking the latest updates and insights on Royale Energy stock.
Royale Energy, Inc. (ROYL) is an independent oil and natural gas exploration and production company with operations described in California and Texas. News about Royale often centers on its upstream projects, capital structure developments, and governance decisions, giving investors and observers insight into how the company manages its assets and finances.
A significant portion of Royale’s recent news flow relates to its projects in Texas. The company has issued multiple press releases on its Joint Development Agreement with Ares Energy LTD in the Permian Basin, Texas, a horizontal resource play in the Mississippian interval. These updates have included initial production rates for new wells, working interest percentages held by Royale and its investors, and expectations for additional drilling activity on thousands of net acres in Ector County.
Royale has also reported on its expanding position in the Pradera Fuego project in the Permian Basin, where it and its direct interest owner investors hold non-operated working interests in Barnett wells and associated acreage. News items have described acquisitions of additional working interests, Farm-out agreements, production performance from wells such as the Irma 1H, and the development pipeline of future Barnett and Woodford drilling locations.
Beyond operations, Royale’s news includes corporate and financial updates. Press releases have detailed recapitalization efforts that simplified the capital structure into a single class of common equity and resolved preferred stock liquidation preferences and pre-merger liabilities. Governance-related news has covered the appointment of an Executive Chairman focused on strategic and capital markets initiatives and the company’s stated goal of positioning itself to pursue a potential relisting on the Nasdaq Capital Market, subject to applicable requirements.
Visitors to this news page can review Royale’s historical and ongoing announcements about drilling results, joint development projects, working interest changes, capital structure transactions, and leadership developments, all of which provide context for the company’s strategic direction in the crude petroleum and natural gas extraction industry.
Royale Energy (OTC: ROYL) appointed Jonathan Gregory as Executive Chairman of the Board effective January 5, 2026.
Mr. Gregory, age 61, brings over 30 years of energy finance, asset acquisition, and governance experience and currently serves as CEO of RMX Resources and Chairman of the California Independent Petroleum Association. The role will focus on improving financial performance, strengthening capital structure, and positioning Royale Energy to pursue a potential Nasdaq relisting, subject to meeting listing standards and market conditions.
Royale Energy (OTCQB: ROYL) has expanded its presence in the Pradera Fuego project through a Farm-out agreement, increasing its working interest by 2.5% to a total of 7.5% in the 17,000-acre Texas project. The agreement was made with an entity controlled by CEO Johnny Jordan.
The project includes 39 Barnett and 44 Woodford future drilling locations. Currently, eight producing Barnett wells generate 3,583 gross BOEPD, with 201 net BOEPD attributable to Royale and its investors. The recently completed Irma 1H well is flowing at 1,196 BOEPD. The company plans to drill four new wells in the next 12 months.
Royale Energy (OTCQB: ROYL) has expanded its presence in the Permian Basin through the acquisition of additional non-operated working interests in the Pradera Fuego project in Ector County, Texas. The company and its investors now hold a 7.5% non-operated working interest in seven producing Barnett wells and a 5% working interest in the associated 17,000-acre project.
The acquisition is expected to generate $715,000 in additional annual cash flow in the first year. The project includes 39 future Barnett drilling locations and 44 future Woodford locations, providing significant growth potential. Additionally, Royale is negotiating a Farm-out agreement for an extra 2.5% working interest on the acreage.
Royale Energy Inc. (ROYL) has successfully completed a series of strategic financial transactions aimed at simplifying its capital structure and aligning stakeholder interests. The company has executed key agreements including the issuance of common stock, stock options, and Series 2024 Senior Unsecured Promissory Notes in exchange for all outstanding Series B Preferred Stock. This recapitalization initiative has resolved over $24 million of Series B Preferred liquidation preference value and approximately $3 million of pre-merger liabilities.
The transactions have resulted in Royale now having one class of equity outstanding - its common stock. This simplification is expected to better position the company for future growth opportunities and potentially relist on a major exchange. Chris Parada, Chairman of Royale Energy, stated that this move will enable the company to gain greater access to strategic opportunities and more traditional sources of capital.
Royale Energy announced updates on its Joint Development Agreement (JDA) with Ares Energy in the Permian Basin, Texas. The project, a horizontal resource play in the Mississippian interval, spans over 17,000+ net acres in Ector County. Royale holds a 5% working interest in two new wells, the fifth and sixth, currently being drilled and completed. The fifth well, begun in February 2024, is producing over 700 BOPD and 850 MCFD after 13 days of flowback. The sixth well, started in May 2024, has reached 20,014' depth. Royale plans to drill two more wells in 2024. An unsolicited purchase offer was declined by the board.
Royale Energy, Inc. (OTCQB: ROYL) has announced the initial production rates from the first well drilled under its Joint Development Agreement (JDA) executed on November 21, 2022. The first well reported an impressive initial output of 818 barrels of oil per day (BOPD) and 1.1 million cubic feet per day (MMcf/d), with anticipated total reserves exceeding 1,400,000 barrels of oil equivalent. The second well has been drilled safely and completion operations are set to commence in late Q2 2023. Royale expects to drill an additional 4-6 wells on this project throughout 2023, indicating strong expansion plans in the Mississippian interval in Texas.
Royale Energy, Inc. (OTCQB: ROYL) has completed the V.T. McCabe #70 well, drilled to 7,000' in Texas's North Jameson Field. The well showed promising results with an initial production of 85 barrels of oil and 120 thousand cubic feet per day of natural gas from the Odom formation. The Upper Strawn formation also indicates 35' of net pay, with future completion planned. Since 2020, Royale has drilled seven and re-entered three wells in the area and is set to stimulate three more Strawn completions by December 2022.
FAQ
What is the current stock price of Royale Energy (ROYL)?
What is the market cap of Royale Energy (ROYL)?
