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Royale Energy Funds Inc ROYL

Royale Energy Funds, Inc. is an independent oil and gas producer. The Company also performs turnkey drilling operations. The Company owns wells and leases in various geological basins located primarily in California, Texas, Oklahoma, and Utah, and offers fractional working interests. The Company also owns an overriding royalty interest in discovery in Alaska. It usually sells a portion of the working interest in each well it drills or participates with third-party participants and retains a portion of the prospect for its own account. The Company generally sells working interests in its prospects to accredited investors in exempt securities offerings. The prospects are typically bundled into multi-well investments, which permit third-party investors to diversify their investments by investing in several wells at once instead of investing in single-well prospects. The Company owns an interest in approximately 70 producing oil and natural gas wells.


OTCQB:ROYL - Post by User

Post by glaciermanon Feb 27, 2013 6:24am
398 Views
Post# 21047093

JPT Article - Alaska

JPT Article - Alaska

Interesting read from the Journal of Petroleum Technology.    Here's some of the hi-lights:

"The Shublik appears to offer the most potential based on its organic content—the kerogen which can produce oil or gas depending on its age and environment—and the layer’s mineral makeup that suggests it is brittle and easily fractured.

The Shublik is rich in organic carbon, most of the kerogen is oil prone and not diluted by gas-prone kerogen, and it has the magical combination of organic-rich shale interbedded with brittle lithologies, like limestone,” Houseknecht said. “A lot of people have used the Eagle Ford as an analogy and that is fair based on the lithology.”

The research is based on what has been learned as these source rocks were penetrated while drilling conventional oil wells, but the information there is scant compared to US formations in places such as Oklahoma and Texas where so many more wells have been drilled. “There is a real lack of data over much of the area,” said Houseknecht.



 

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