Royale Energy 5/15/2024 Earnings Report

Royale Energy EPS Results

• Actual EPS: -$0.01
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Royale Energy Revenue Results

• Actual Revenue: $0.66 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Royale Energy Announcement Details

• Date: 5/15/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Royale Energy (OTCMKTS:ROYL) Corp. (OTCMKTS: ROYL) is an independent oil and gas exploration and production company focused on the acquisition, development and operation of onshore hydrocarbon properties in the western United States.

The company’s asset portfolio includes producing oil and gas fields in California’s Bakersfield and Santa Maria basins, alongside exploration and appraisal acreage in Utah and Nevada. Royale Energy’s activities span drilling, completion and production optimization, employing both conventional well stimulation and modern recovery techniques. In California, the firm operates several mature, low-decline reservoirs, while its Great Basin interests target underexplored plays with multi-zone potential.

Founded in 1995 and headquartered in Santa Barbara, California, Royale Energy pursues a strategy of acquiring underdeveloped assets with proven production history. By maintaining a streamlined organizational structure and forging service and joint-venture partnerships, the company aims to manage costs and accelerate project timelines. Under its management team, Royale Energy continues to evaluate bolt-on acquisitions and farm-in agreements to expand near-term production and bolster long-term reserve growth.