M&A
confidence high
sentiment positive
materiality 0.65
Royale Energy, Inc. (ROYL): M&A transaction — Royale Energy acquires Barnett well interests in Permian for $1.5M cash
Royale Energy, Inc.
- Acquired non-operated working interests in 7 producing Barnett wells in Ector County, TX for $1.5M cash.
- Aggregate working interest now 7.5% across the 7 wells and 5% in associated 17,000-acre Pradera Fuego project.
- Expected to generate ~$715,000 in additional annual cash flow in the first 12 months at current prices.
- Asset includes 39 future Barnett and 44 future Woodford drilling locations for long-term growth.