None
EN
US: Royale Energy expands interest in Pradera Fuego Project through farm-out agreement
[]
Energy-pedia regional news: South America / GoM
Royale Energy has 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.
Royale currently maintains interest in all eight producing Barnett wells within the Pradera Fuego project.
;The Pradera Fuego project continues to deliver exceptional results and represents a valuable source of long-term growth for Royale and our shareholders,' said Johnny Jordan, CEO of Royale Energy.
Original announcement linkSource: Royale Energy
['fuego'
'expands'
'interest'
'producing'
'pradera'
'wells'
'project'
'energy'
'royale'
'farmout'
'working'
'drilling'
'agreement']