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Royale Energy wells beat 113 BOE/ft forecast

Royale Energy highlights strong Permian well performance and a sizeable inventory of Barnett, Woodford and Odom drilling locations supporting future development plans.

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Royale Energy, Inc. (ROYL) reported ongoing development and strong production performance from its Permian Basin assets in Ector County, Texas. The company holds a 7.50% working interest in approximately 16,600 gross acres, with nine wells currently drilled, completed and producing, and a tenth well in completion operations.

The ninth well, completed in the first half of 2026, began production in May 2026 at an initial rate of 1,031 barrels of oil per day and 1,915 thousand cubic feet of natural gas per day, with 77 barrels of oil per day and 144 thousand cubic feet of natural gas per day attributable to Royale and its direct working interest investors. A three-mile lateral type curve estimates ultimate recovery of about 113 BOE per lateral foot with an 80% oil component, and all nine producing wells are reported to be performing at or above this type curve.

Royale estimates 30 to 39 additional undeveloped Barnett drilling locations across about 12,940 gross undeveloped acres and more than 40 additional undeveloped Woodford locations on its acreage. The company also plans to drill a horizontal Odom well in the Jameson North Field in the first half of 2027, where it holds a 100% working interest in approximately 7,465 net acres and has identified more than five additional Odom horizontal prospects using 3D seismic analysis.

Positive

  • Permian Basin wells are reported to be performing at or above a 113 BOE/ft type curve with an estimated 80% oil component, supporting the quality of Royale Energy’s acreage and production profile.
  • Royale Energy cites a substantial inventory of undeveloped locations, including 30–39 Barnett and more than 40 Woodford drilling locations, plus Odom prospects on 7,465 net acres, indicating multi-year development runway.

Negative

  • None.

Filing Explained

The September 9 update leaves Royale Energy’s tenth Permian well in completion rather than production: it was being fracked and expected to begin flowback within approximately 30 days.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Permian working interest 7.50% working interest Royale’s interest in approximately 16,600 gross acres in the Permian Basin
Permian gross acreage 16,600 acres Gross acreage in Ector County, Texas, where Royale holds a 7.50% working interest
Producing Permian wells 9 wells Wells drilled, completed and producing on Royale’s Permian acreage
Initial oil rate for ninth well 1,031 barrels of oil per day Initial production rate for the ninth Permian well beginning in May 2026
Initial gas rate for ninth well 1,915 thousand cubic feet per day Initial natural gas production rate for the ninth Permian well
Type curve recovery 113 BOE per lateral foot Estimated ultimate recovery for a three-mile lateral with about 80% oil
Barnett undeveloped locations 30–39 locations Estimated additional Barnett drilling locations across about 12,940 gross undeveloped acres
Jameson North net acreage 7,465 acres Net acres in Jameson North Field where Royale has 100% working interest
working interest financial
"Royale controls a 7.50% working interest in approximately 16,600 gross acres"
The working interest is the percentage ownership one party holds in an oil or gas lease that gives them the right to a share of production and also the obligation to pay a proportional share of exploration, development and operating costs. Think of it like owning a slice of a cake but also agreeing to pay part of the bill to bake it: a larger working interest means bigger potential revenue when wells produce, but also larger exposure to costs and liabilities if things go wrong.
type curve technical
"A three-mile lateral type curve estimates ultimate recovery of approximately 113 barrels"
A type curve is a standard, averaged production profile used to estimate how much output and revenue a typical oil or gas well will generate over time. Investors use it like a blueprint or recipe to forecast future cash flow, compare projects, and value reserves when actual long-term data aren’t available; differences between the type curve and real results affect company earnings and investment returns.
barrels of oil equivalent financial
"ultimate recovery of approximately 113 barrels of oil equivalent per lateral foot"
Barrels of oil equivalent (BOE) is a way to measure and compare different types of energy resources, like oil and natural gas, in a common unit. It helps investors understand the total amount of energy a company has or produces, regardless of the resource type, by converting natural gas into a comparable oil amount. This simplifies assessing a company's overall energy assets and making informed investment decisions.
flowback technical
"expected to begin flowback within approximately 30 days"
3D seismic analysis technical
"additional Odom horizontal prospects generated through 3D seismic analysis"

FAQ

What did Royale Energy (ROYL) report about its Permian Basin operations?

Royale Energy reported continued development and strong production performance from its Permian Basin acreage in Ector County, Texas, with nine wells producing, a tenth well being completed, and all nine producing wells performing at or above the company’s type curve.

How many acres and what working interest does ROYL hold in the Permian Basin?

Royale Energy controls a 7.50% working interest in approximately 16,600 gross acres in the Permian Basin. The company continues to participate in developing this acreage through multi-well drilling and completion programs.

What initial production rates did ROYL report for its ninth Permian well?

The ninth Permian Basin well began production in May 2026 at an initial rate of 1,031 barrels of oil per day and 1,915 thousand cubic feet of natural gas per day, with 77 barrels of oil per day and 144 thousand cubic feet of gas per day attributable to Royale and its direct working interest investors.

What drilling inventory does Royale Energy (ROYL) see on its Barnett and Woodford acreage?

Royale Energy currently estimates 30 to 39 additional undeveloped Barnett drilling locations across about 12,940 gross undeveloped acres and more than 40 additional undeveloped Woodford locations on its Permian Basin acreage, based on potential two- and three-mile laterals.

What future drilling plans did ROYL announce outside its current Permian wells?

Royale Energy plans to drill a horizontal Odom well in the Jameson North Field on the eastern flank of the Permian Basin in the first half of 2027, where it holds a 100% working interest in approximately 7,465 net acres and has identified more than five additional Odom prospects.

What is the type curve performance Royale Energy (ROYL) referenced?

Royale Energy reported a three-mile lateral type curve estimating ultimate recovery of about 113 barrels of oil equivalent per lateral foot (BOE/ft) with an estimated 80% oil component and stated that all nine producing wells on its acreage are currently performing at or above this type curve.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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False000169461700016946172026-09-092026-09-09iso4217:USDxbrli:sharesiso4217:USDxbrli:shares
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  September 9, 2026

_______________________________

Royale Energy, Inc.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware000-5591281-4596368
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

1530 Hilton Head Road, Suite 205

El Cajon, California 92021

(Address of Principal Executive Offices) (Zip Code)

(619) 383-6600

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

_______________________________

Securities registered pursuant to Section 12(b) of the Act: None

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 8.01. Other Events.

 

On September 9, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. 

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit Number Description
   
99.1 Press Release dated September 9, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 Royale Energy, Inc.
   
  
Date: September 9, 2026By: /s/ Johnny Jordan        
  Johnny Jordan
  Chief Executive Officer
  

 

EXHIBIT 99.1

Royale Energy Reports Continued Permian Basin Development and Strong Well Performance

SAN DIEGO, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTC: ROYL) today announced continued development activity and strong production performance from its Permian Basin acreage in Ector County, Texas. Royale controls a 7.50% working interest in approximately 16,600 gross acres in the Permian Basin and continues to participate in the development of this highly prospective acreage.

Johnny Jordan, Chief Executive Officer of Royale Energy, stated, “We are very pleased with the continued performance of our Permian Basin assets. With nine wells now producing and the tenth well currently being completed, we are seeing results that continue to meet or exceed our expectations. The strength of the production from these wells, together with the substantial inventory of additional drilling locations on our acreage, underscores the quality and development potential of our Permian Basin position.”

OPERATIONS

Royale currently has nine wells drilled, completed and producing on its Permian Basin acreage, with a tenth well currently being completed. The ninth well was drilled and completed during the first half of 2026 and began production in May 2026 at an initial rate of 1,031 barrels of oil per day and 1,915 thousand cubic feet of natural gas per day, 77 barrels of oil per day and 144 thousand cubic feet of natural gas per day to Royale and its direct working interest investors.

A three-mile lateral type curve estimates ultimate recovery of approximately 113 barrels of oil equivalent per lateral foot (BOE/ft), with an estimated 80% oil component. All nine producing wells on Royale’s acreage are currently performing at or above the type curve.

The tenth well is currently being fracked and completed and is expected to begin flowback within approximately 30 days. The well represents the continued development of Royale’s Permian Basin position and adds to the Company’s growing production base.

Royale continues to evaluate additional development opportunities across its Permian Basin acreage, including potential development of both the Barnett and Woodford intervals.

DEVELOPMENT OUTLOOK

Royale anticipates continued drilling activity during 2026 and currently expects additional wells to be drilled in 2027. The Company currently estimates 30 to 39 additional undeveloped Barnett drilling locations, depending on the use of two- or three-mile laterals, across approximately 12,940 gross acres of remaining undeveloped acreage.

The Company also sees additional potential in the Woodford interval, which is being evaluated in the most recently drilled well currently undergoing completion. Royale estimates that its acreage contains more than 40 additional undeveloped Woodford locations.

In addition to its Permian Basin development activities, Royale anticipates drilling a horizontal Odom well in the Jameson North Field on the eastern flank of the Permian Basin during the first half of 2027. Royale holds a 100% working interest in approximately 7,465 net acres in the field and has identified more than five additional Odom horizontal prospects generated through 3D seismic analysis.

ABOUT ROYALE ENERGY, INC.

Royale Energy, Inc. (OTC: ROYL) is an independent exploration and production company focused on the acquisition, development and marketing of oil and natural gas. The Company has operations and interests in California and Texas, including its development activities in the Permian Basin.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding anticipated drilling and completion activities, production performance, estimated drilling locations, future development opportunities and potential production growth. Such statements are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements.

While Royale Energy believes that its forward-looking statements are based on reasonable assumptions, actual results may be affected by factors that are difficult to predict, including commodity prices, drilling and completion costs, operational performance, regulatory requirements, financing availability and other economic and market conditions beyond the Company’s control. Investors are encouraged to review the risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission. Royale Energy undertakes no obligation to update any forward-looking statements except as required by applicable law.

INVESTOR CONTACT

Royale Energy, Inc.
(800) 447-8505
IR@royl.com
www.royl.com

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