Royale Energy Issues Third-Party Estimate for North Slope Acreage
August 26, 2013 at 13:32 PM EDT
Royale Energy Inc. (Nasdaq: ROYL ) has released a third-party estimate of its North Slope acreage. At an average recovery rate of nearly 5 percent and mean oil-in-place of some 80,473 barrels per acre, the three source rock intervals underlying the 96,882-acre leasehold would yield 3,995 barrels per acre, according to Netherland, Sewell &
