- CEO
- Johnny Jordan
- Full Time Employees
- 11
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 1530 Hilton Head Road El Cajon CA United States of America 92019
- IPO Date
- Apr 4, 1994
- Business
- Royale Energy, Inc. (OTCQB: ROYL) engages in the acquisition, exploration, development, production, and sale of oil and natural gas reserves in the United States. The company owns and operates producing wells and interests in over 70 oil and natural gas properties; conducts drilling of exploratory and development wells in proven fields; acquires oil and gas lease interests and proved reserves; sells fractional working interests in wells to investors through joint investment programs; and markets oil and natural gas production to end users and utilities. Its primary assets include proved and non-proved reserves in the Sacramento Basin and San Joaquin Basin in California, the Permian Basin's North Jameson Field and Pradera Fuego project in Texas encompassing Mitchell County, Ector County, Barnett, and Woodford formations, as well as select interests in Oklahoma and Alaska; operations target low-risk development drilling opportunities in prolific basins with direct management of properties for optimal productivity.
Founded in 1986 and headquartered in El Cajon, California, Royale Energy, Inc. focuses on the upstream oil and gas sector, serving investor programs, commercial customers, and utilities such as San Diego Gas & Electric, Pacific Gas & Electric, and BP Energy.
In September 2025, the company expands its position in the Pradera Fuego project in the Permian Basin through a farm-out agreement granting drilling rights to additional working interests beyond its existing 7.5% non-operated stake in seven producing Barnett wells and 5% in associated acreage, unlocking 39 future Barnett and 44 Woodford drilling locations expected to generate approximately $715,000 in annual cash flow; it also completes another farm-out for further Permian Basin interests. In October 2024, Royale simplifies its capital structure by exchanging all outstanding Series B Preferred Stock and pre-merger liabilities totaling over $27 million for common stock, stock options, and Series 2024 Senior Unsecured Promissory Notes, eliminating preferred equity and positioning for relisting on a major exchange and accelerated growth. The company maintains active joint development agreements in the Permian Basin, including ongoing operations updates with recent well completions in North Jameson Field and Pradera Fuego reporting initial production rates exceeding 1,300 BOEPD per well.