Royale Energy Expands Interest in Pradera Fuego Project Through Farm-Out Agreement
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) ha ampliato la sua presenza nel progetto Pradera Fuego tramite un accordo di Farm-out, aumentando la sua partecipazione operativa del 2.5% per arrivare a un totale del 7.5% nel progetto texano di 17,000 acri. L'accordo è stato stipulato con un'entità controllata dall'amministratore delegato Johnny Jordan.
Il progetto comprende 39 posizioni di trivellazione Barnett e 44 Woodford previste. Attualmente, otto pozzi Barnett produttivi generano 3,583 BOEPD lordi, con 201 BOEPD netti attribuibili a Royale e ai suoi investitori. Il recente pozzo Irma 1H completato sta producendo a 1,196 BOEPD. L'azienda prevede di trivellare quattro nuovi pozzi nei prossimi 12 mesi.
Royale Energy (OTCQB: ROYL) ha ampliado su presencia en el proyecto Pradera Fuego mediante un acuerdo de farm-out, aumentando su participación operativa en un 2.5% para totalizar un 7.5% en el proyecto texano de 17,000 acres. El acuerdo se firmó con una entidad controlada por el CEO Johnny Jordan.
El proyecto incluye 39 ubicaciones futuras de perforación Barnett y 44 Woodford. Actualmente, ocho pozos Barnett productivos generan 3,583 BOEPD brutos, con 201 BOEPD netos atribuidos a Royale y a sus inversores. El pozo Irma 1H, recientemente completado, está produciendo a 1,196 BOEPD. La compañía planea perforar cuatro pozos nuevos en los próximos 12 meses.
Royale Energy (OTCQB: ROYL)는 Pradera Fuego 프로젝트에서 Farm-out 계약을 통해 존재감을 확대했고, 텍사스의 17,000에이커 프로젝트에서 작업 지분을 2.5% 증가시켜 총 7.5%에 도달했습니다. 이 계약은 CEO Johnny Jordan가 통제하는 법인과 체결되었습니다.
프로젝트에는 39 Barnett 및 44 Woodford의 향후 시추 위치가 포함됩니다. 현재 생산 중인 Barnett 우물은 3,583 BOEPD의 총생산을 창출하고, Royale과 투자자들에게 귀속되는 순생산은 201 BOEPD입니다. 최근 완공된 Irma 1H 우물은 1,196 BOEPD로 흐르고 있습니다. 회사는 향후 12개월 내에 네 개의 새로운 우물을 시추할 계획입니다.
Royale Energy (OTCQB: ROYL) a étendu sa présence dans le projet Pradera Fuego par le biais d'un accord de farm-out, augmentant sa participation opérationnelle de 2.5% pour atteindre un total de 7.5% dans le projet texan de 17,000 acres. L'accord a été conclu avec une entité contrôlée par le PDG Johnny Jordan.
Le projet comprend 39 emplacements de forage Barnett et 44 Woodford prévus. Actuellement, huit puits Barnett en production génèrent 3,583 BOEPD brut, avec 201 BOEPD nets attribuables à Royale et à ses investisseurs. Le puits Irma 1H, récemment terminé, produit à 1,196 BOEPD. L'entreprise prévoit de forer quatre nouveaux puits au cours des 12 prochains mois.
Royale Energy (OTCQB: ROYL) hat seine Präsenz im Pradera Fuego-Projekt durch eine Farm-out-Vereinbarung erweitert und seinen Working Interest um 2.5% auf insgesamt 7.5% im 17,000-Acre-Projekt in Texas erhöht. Die Vereinbarung wurde mit einer von CEO Johnny Jordan kontrollierten Einheit getroffen.
Das Projekt umfasst 39 Barnett- und 44 Woodford-Standorte für zukünftige Bohrungen. Derzeit erzeugen acht produzierte Barnett-Bohrlöcher brutto 3,583 BOEPD, wobei Royale und seine Investoren 201 BOEPD netto zuzurechnen sind. Der kürzlich fertiggestellte Irma-1H-Bohrung produziert mit 1,196 BOEPD. Das Unternehmen plant in den nächsten 12 Monaten vier neue Bohrlöcher zu bohren.
Royale Energy (OTCQB: ROYL) قد وسّعت حضورها في مشروع Pradera Fuego من خلال اتفاقية Farm-out، ما أدى إلى رفع حصتها التشغيلية بمقدار 2.5% ليصل الإجمالي إلى 7.5% في المشروع التكساسي الذي يضم 17,000 فدان. وتم إبرام الاتفاق مع كيان تتحكم فيه الإدارة التنفيذية Johnny Jordan.
يشتمل المشروع على 39 موقع حفر Barnett و< b>44 Woodford مواقع حفر مستقبلية. حالياً، تولّد ثمانية آبار Barnett المنتجة إجمالاً 3,583 BOEPD، وبالنسبة للناتج الصافي القابل للنسبة لـ Royale ومستثمريها فهو 201 BOEPD. أنجزت شركة Irma 1H حديثًا وتجه بروك 1,196 BOEPD. وتخطط الشركة لحفر أربعة آبار جديدة خلال الـ12 شهرًا القادمة.
Royale Energy (OTCQB: ROYL) 通过一项外包耕作协议，扩大了在 Pradera Fuego 项目中的影响力，将其工作权益提高了 2.5%，在这块 17,000 英亩的德州项目中总计达到 7.5%。该协议由由 CEO Johnny Jordan 控制的实体签署。
该项目包含 39 个 Barnett 井位和 44 个 Woodford 未来钻探点。目前，八口 Barnett 生产井的毛产量为 3,583 BOEPD， Royale 及其投资者应占的净产量为 201 BOEPD。最近完井的 Irma 1H 井产量为 1,196 BOEPD。公司计划在未来 12 个月内再钻四口新井。
- Increased working interest from 5% to 7.5% in the 17,000-acre project
- Strong production of 3,583 gross BOEPD from existing wells
- Robust development pipeline with 83 future drilling locations
- New Irma 1H well showing strong initial production of 1,196 BOEPD
- Four new wells planned for next 12 months indicating growth momentum
- Transaction with CEO-controlled entity may raise corporate governance concerns
- Remains a non-operated working interest, limiting operational control
SAN DIEGO, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB: ROYL) today announced the completion of a Farm-out agreement granting Royale drilling rights to an additional
The Farm-out agreement was consummated with an entity controlled by Johnny Jordan, Royale’s Chief Executive Officer. The Pradera Fuego asset provides a robust development pipeline for Royale, including 39 future Barnett drilling locations and 44 future Woodford locations, supporting long-term growth for the company and its investor drilling programs. Royale anticipates drilling four new wells over the next 12 months.
Royale currently maintains interest in all eight producing Barnett wells within the Pradera Fuego project. Collectively, these wells are producing approximately 3,583 gross BOEPD, with 201 net BOEPD attributable to Royale and its direct working interest investors. The most recent well, the Irma 1H, was recently drilled, completed, and is currently flowing at 1,196 BOEPD on a 50/64” choke. Early results from the Irma 1H are consistent with the strong performance of the project’s other producing wells.
“The Pradera Fuego project continues to deliver exceptional results and represents a valuable source of long-term growth for Royale and our shareholders,” said Johnny Jordan, CEO of Royale Energy.
About Royale Energy, Inc.
Royale Energy, Inc. (OTCQB: ROYL) is an independent exploration and production company headquartered in San Diego, California. The company focuses on the acquisition, development, and marketing of oil and natural gas, with primary operations in Texas’s Permian Basin.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. Factors that may affect future results are discussed in Royale Energy’s filings with the Securities and Exchange Commission.
Contact:
Royale Energy, Inc.
For more information, please visit https://www.royl.com or contact Investor Relations
IR@royl.com
619-383-6600
FAQ
What is Royale Energy's new working interest percentage in the Pradera Fuego project?
How many future drilling locations does ROYL have in the Pradera Fuego project?
What is the current production rate from Royale Energy's Pradera Fuego wells?
How many new wells does Royale Energy plan to drill in the next year?
What is the production rate of the new Irma 1H well?
