Royale Energy Inc. (Nasdaq: ROYL) has set completion casing on the Emerald Ridge well in the Sacramento basin of California. Prior to drilling the Emerald Ridge well, the Memento #1 well reached a total depth (TD) of 6,000 feet.
The Emerald Ridge well encountered two significant gas shows that required high-weight drilling fluids in order to reach TD of nearly 4,700 feet. Electric logs over the zones of the gas shows were encouraging but not conclusive, thus leading to the decision to run pipe to total depth in order to perform production testing on the well within the next few weeks.
For the Memento #1 well, electric logs indicated three prospective gas zones in the Upper Forbes. The company will test the two lower most zones next week. The third and the shallowest of the pay zones occupy a large area and can potentially hold significant gas accumulations. This upper zone will be completed once the lower zones have been produced out.
While the completion work on Memento and Emerald Ridge is underway, the company is moving the rig to its Cardiff well located just northwest of Royale's Bristol well, which encountered pay zones at several intervals and is currently producing from the lowest of these zones. The Cardiff well has a planned TD of 6,000 feet.
By year’s end, Royale plans to move the rig from Cardiff to its Victor Ranch field and begin drilling the Victor Ranch 3-20 well, which will be the 26th well in the field that Royale has been operating since it drilled the Victor Ranch 12 in 1993.