Workflow
Farm - out agreement
icon
搜索文档
Royale Energy Expands Interest in Pradera Fuego Project Through Farm-Out Agreement
Globenewswire· 2025-09-17 13:00
SAN DIEGO, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB: ROYL) today announced the completion of a Farm-out agreement granting Royale drilling rights to an additional 2.5% working interest in the 17,000-acre Pradera Fuego project, operated by Ares Energy in Ector County, Texas. With this transaction, Royale and its direct interest owner investors now hold a 7.5% non-operated working interest across both producing and non-producing acreage. The Farm-out agreement was consummated with an enti ...