SAN DIEGO, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) has announced that it has begun production from the two recently completed Rio Vista wells, CRC RVGU #8-1 and CRC RVGU #8-2. Both wells have a combined target production rate of 3,000 MCF per day.
Rio Vista is the largest natural gas field in California, producing over 3.5 TCF of natural gas. Royale and its partners used 3-D seismic to identify some deeper productive sands in the Martinez formation. After the success of its CRC RVGU #8-1 in September with over 100 ft. of stacked net pay, the company successfully drilled and completed the CRC RVGU #8-2 well in October.
Royale Energy and its partners plan to drill at least 3 to 4 more development wells within this area of the field.
About Royale Energy, Inc.
Founded in 1986, Royale Energy, Inc. (OTCQB:ROYL) is an independent exploration and production company focused on the acquisition, development, and marketing of natural gas. Royale Energy has its primary operations in the Sacramento and San Joaquin basins in California.
Forward Looking Statements
In addition to historical information contained herein, this news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company’s actual results to differ materially from those in the “forward-looking” statements. While the company believes its forward looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company’s control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.