Royale finds pay in California’s Rio Vista field

SAN DIEGO - Independent exploration and production company Royale Energy, in partnership with California Resources Production Corporation (CRPC), drilled the CRC RVGU 4-3 well to a total depth of 7,000 ft. in the Rio Vista field. The well has encountered a total of 246 ft. of pay defined as probable and possible in the Domengine, Capay, and Mokelumne River formations.

The CRC RVGU 4-3 is the fifth well of a possible 30 well, three year drilling joint venture between Royale Energy and California Resources Production Corporation.

This well has the highest calculated net pay that Royale and CRPC have drilled to date under the drilling joint venture in the Rio Vista Field. Production casing has been set and completion operations are expected to begin by the end of the month.

Royale Energy owns approximately 26.5% working interest in the CRC 4-3 well at an 80% Net Revenue Interest.

The CRC RVGU 33-3, the 6th well of this program, was determined to be a dry hole on August 23rd.