Royale Energy
Royale Energy is an independent oil and gas producer operating 70+ wells in California and Texas that also sells fractional working interests to accredited investors, targeting a Nasdaq relisting via a 2026 strategic review.
- Company typePublic
- Founded1986
- HeadquartersEl Cajon, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Royale Energy does
Royale Energy, Inc. is an independent oil and gas exploration and production company that owns and operates interests in more than 70 producing wells across the Sacramento Basin and San Joaquin Basin in California and the Permian Basin in Texas. The company applies 3D seismic surveys, horizontal drilling (including Mississippian-interval laterals up to roughly 11,600 feet), and fracture stimulation to develop low-risk opportunities in known producing fields. Core assets include the Pradera Fuego Project (a horizontal resource play targeting 35 million barrels and 60 Bcf) and the North Jameson Field, with joint ventures structuring the Rio Vista dry-gas field (with California Resources Corporation) and the Sansinena Field through RMX Resources (with CIC Partners holding 80%).
Royale generates revenue from two distinct activities: commodity sales of produced oil and natural gas, and a Direct Working Interest investment program that sells fractional working interests in wells to accredited investors on a turnkey basis (no K-1s, with tax-deductible IDC, bonus depreciation, and percentage depletion benefits). Go-to-market is primarily direct: investor newsletters, field trips, social media, and a small in-house marketing/PR function. Operating geographies span California, Texas, and Alaska (where Royale holds acreage disclosed on its website). Leadership includes Johnny Jordan (CEO), Stephen M. Hosmer (CFO), and Jonathan Gregory (Executive Chairman, leading a 2026 Strategic Review for potential Nasdaq relisting with Roth Capital Partners). The company is publicly traded on OTCQB under ticker ROYL with a market capitalization of approximately $8.06 million as of March 2026.
Royale Energy firmographics
Firmographics- Name
- Royale Energy
- Legal name
- Royale Energy, Inc.
- Website
- https://royl.com
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Royale Energy is an independent oil and gas producer operating 70+ wells in California and Texas that also sells fractional working interests to accredited investors, targeting a Nasdaq relisting via a 2026 strategic review.
- Ownership category
- akta.pro rank
Where Royale Energy is headquartered
LocationHeadquarters
- HQ city
- El Cajon
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Royale Energy business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Oil and Natural Gas Production Sales: Royale produces oil and natural gas from wells it owns and operates in California and Texas. Revenue is generated from selling oil and natural gas to customers.
- Direct Working Interest Investments: Sells fractional working interests in oil and gas wells to accredited investors. Investors receive tax deductions (up to 100% deductible), monthly income distributions, and ownership stake in production.
- Turnkey Drilling Projects: Offers turnkey drilling investments where investors pay a fixed price for participation in drilling projects with no K-1 forms or partnership agreements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Direct Working Interest Investment Projects |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Royale Energy product offering
Product offeringCore offering
Royale Energy is an independent oil and gas exploration and production company that owns and operates producing wells in California and Texas, marketing oil and natural gas to customers. The company also sells fractional Direct Working Interests in its wells to accredited investors as tax-advantaged investment products offering 100% deductions against active income, depletion allowance, and monthly income distributions from production revenue.
Differentiator
Problem solved
Functional benefit
Brands
- Black Gold Development VII: Current private placement investment offering for direct working interest investments in oil and gas wells
- Black Gold Development VI
- Pradera Fuego Project
- Black Gold III
Products and services
- Direct Working Interest Investment Program Fractional working interest ownership in oil and gas wells offered to accredited investors, providing tax advantages (100% first-year deductions) and monthly income from production revenue. Projects typically include 3-5 wells for diversification.
- Black Gold Development VII Private placement offering for development drilling in the Permian Basin, Texas, covering Pradera Fuego Field and Jameson North Field, sold to accredited investors under the Direct Working Interest program.
- Pradera Fuego Project Horizontal resource play in the Mississippian interval of the Permian Basin in Ector and Andrews counties, Texas. Development program targets 35 million barrels of oil and 60 billion cubic feet of gas, featuring 2-mile horizontal wells in the Barnett Shale at approximately 11,800 feet depth.
- North Jameson Field Oil and gas development property in Mitchell County, Texas within the Permian Basin. Wells drilled to test Ellenburger, Odom and Strawn formations with fracture stimulation programs.
- Rio Vista Field Operations Natural gas production in the Sacramento Basin, California, operated under a joint venture with California Resources Production Corporation covering the largest dry gas field in California. 3D seismic surveys have identified multiple stacked productive formations.
Quantifiable outcome
- 70% drilling success rate
- +3 more outcomes
Companies that use Royale Energy
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Royale Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Royale Energy partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Ares Energy LTDcoreJoint Development Agreement for up to 25,000 acres in Ector and Andrews counties, Texas in the Permian Basin (Pradera Fuego Project). Phase 1 covers 6,900 net acres with 12-15 drillable locations. Horizontal resource play in the Mississippian interval.
- West Coast EnergyminorAcquisition of N. Jameson and Big Mineral Creek properties in Permian Basin, Texas. N. Jameson property produces 64 BOEPD with $6 million PV10 value and 542,000 barrels oil equivalent in 1P net reserves.
- California Resources Corporation (CRC)coreJoint venture to drill 30 wells throughout Rio Vista Field, the largest dry gas field in California. Provides three years to drill multiple stacked productive formations. Rio Vista has produced approximately 4 trillion cubic feet from more than 15 stacked gas reservoirs.
- Matrix Oil Management CorporationcoreStrategic merger creating high-growth California and Texas focused operating company with experienced technical team and more than 80 proved undeveloped drilling locations. Matrix was a private independent oil and gas production company based in Santa Barbara, California.
- Sunny Frog Oil LLCminorPurchase and sale agreement to acquire Sunny Frog's 50% non-operated working interest in Sansinena and East Los Angeles fields for approximately $15 million. Seller retained overriding royalty interest up to 300,000 barrels of oil.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Royale Energy competitors and assessment
Company assessmentDirect peers
- Barnwell Industries: Small publicly-traded diversified oil & gas producer with exploration and production operations. Similar micro-cap profile and broad upstream exposure profile as Royale.
- Trio Petroleum Corp: Small California-focused E&P with operations in the San Joaquin Basin — one of the same core regions Royale operates in. Provides a directly comparable small-cap California upstream peer.
- Matador Resources: Permian Basin-focused independent E&P with similar operating philosophy of horizontal drilling in low-cost Permian formations (Bone Spring, Wolfcamp). Comparable in scale to Royale's Texas operations.
- California Resources Corporation: Largest pure-play California E&P operator and Royale's JV partner at Rio Vista Field. Both companies are focused on California oil and gas production and compete for the same regulatory and resource environment.
Broad incumbents
- Diamondback Energy: Pure-play Permian Basin operator with significant scale in the same basin Royale is developing via Pradera Fuego. Relevant for benchmarking Permian economics and acreage values.
- EOG Resources: Largest U.S. independent E&P with extensive horizontal drilling expertise in domestic shale plays. Demonstrates the operational approach Royale aims to apply in the Permian at scale.
- Occidental Petroleum: Major California operator (via inherited California assets post-Carbon Engineering acquisition) with massive Permian Basin operations. Overlaps with Royale in the same California operating regions and Permian basin.
Others
- Black Stone Minerals: Largest U.S. mineral and royalty interest owner with capital-light model comparable to Royale's Direct Working Interest business. Useful adjacent comparison for Royalty/working interest economics.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Royale Energy social profiles
Digital presenceRoyale Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Royale Energy leadership team
Management profileNumber of profiles
Profiles8 records
Royale Energy subsidiaries and ownership
Company hierarchySubsidiaries2 records
Royale Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Royale Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Royale Energy
What does Royale Energy do?
Royale Energy is an independent oil and gas exploration and production company that owns and operates producing wells in California and Texas, marketing oil and natural gas to customers. The company also sells fractional Direct Working Interests in its wells to accredited investors as tax-advantaged investment products offering 100% deductions against active income, depletion allowance, and monthly income distributions from production revenue.
Is Royale Energy a public or private company?
Royale Energy is a public company. It is classified as public and is currently operating.
When was Royale Energy founded?
Royale Energy was founded in 1986. It employs 101 to 250 people.
Where is Royale Energy based?
Royale Energy is headquartered in El Cajon, United States, in the North America region.
How does Royale Energy make money?
Three revenue lines are on record. Oil and Natural Gas Production Sales are the primary driver. The others are direct Working Interest Investments and turnkey Drilling Projects.
Who are Royale Energy's main competitors?
Direct peers on record are Barnwell Industries, Trio Petroleum Corp, Matador Resources and California Resources Corporation. Broad incumbents are Diamondback Energy, EOG Resources and Occidental Petroleum. Black Stone Minerals is listed as an others.
Does Royale Energy have an API?
No public API is recorded for Royale Energy.