Royale acquires additional Alaska North Slope acreage

Royale Energy Inc.

Royale Energy Inc. (Nasdaq:ROYL) acquired an additional 5,803 acres immediately adjacent to its existing western acreage block, in Alaska, the company said August 1. The company had been awarded the acreage pursuant to the 2011 North Slope Areawide Lease Sale, which the state had not previously been able to deliver until last month.

Royale has reached an agreement with Rampart Energy Ltd. to add the additional acreage to the existing agreement upon receipt of a cash payment on the same terms.

Rampart has also engaged Netherland, Sewell & Associates Inc. to perform a resource evaluation of its acreage. Results of this report are expected to be made public in August.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...