Royale Energy (OTCMKTS:ROYL), Inc. is an independent oil and natural gas exploration and production company headquartered in Santa Barbara, California. Since its founding in 1986, the company has pursued a strategy of acquiring, reactivating and developing mature onshore hydrocarbon properties to maximize value from existing reservoirs. Royale Energy conducts seismic evaluation, well re-entry and enhanced recovery operations, focusing on cost‐effective drilling and production optimization techniques.
The company’s asset portfolio is concentrated in California’s Ventura, Santa Barbara and Kern counties, where it holds interests in multiple gas and oil fields. In recent years, Royale Energy has expanded into the Midwestern and Rocky Mountain regions, including participation in Michigan’s Niagaran reef play and acreage in North Dakota’s Williston Basin. Through these diversified holdings, the company aims to balance its production mix and leverage operational synergies across different geological settings.
Under the leadership of President and Chief Executive Officer Michael Jennings, whose 30‐year career spans upstream engineering and corporate finance, Royale Energy emphasizes disciplined capital allocation and disciplined cost management. The executive team also includes Chief Financial Officer Andrew Park, who directs financial planning and investor relations, and Vice President of Exploration Dr. Susan Reynolds, who oversees reservoir characterization and drilling campaigns.
Over its history, Royale Energy has navigated industry cycles by focusing on low‐risk, high‐return projects and judiciously managing its balance sheet. The company continues to evaluate strategic acquisitions and joint ventures aimed at boosting production, extending reserve life, and delivering long‐term value for shareholders through a combination of operational expertise and targeted growth initiatives.
