Royale Energy signs drilling contract for additional wells at Rio Vista field, California

SAN DIEGO -- Royale Energy, Inc., announced it has signed a drilling contract for three additional wells in Rio Vista field in Sacramento basin and expects to begin drilling operations by the end of the month. The CRC 8-3, the CRC 8-4 and the CRC 8-5 wells will be drilled under Royale’s JV agreement covering Rio Vista field. Using 3-D seismic, Royale and its partner have identified several prospective locations in the Martinez, McCormick and Capay formations in the field.

In 2016, Royale successfully completed three wells, two of the wells in the Martinez formation in Rio Vista, which are presently producing over 1,500 Mcfgd. Rio Vista field is the largest natural gas field in California. Since 1936, the field has produced over 3.5 Tcf of natural gas.

Don Hosmer, president of Royale Energy said, "We are excited to begin our 2017 drilling campaign in the Rio Vista field. With natural gas prices continuing to stabilize and strengthen, we believe our Rio Vista development program will provide an excellent return for our shareholders and drilling investors."