As a result of General Electric Finance (GE) divestiture of assets, Royale Energy, Inc.) obtained the rights to drill two Proved Undeveloped (PUD) locations in the West Whittier Oil Field. The locations to drill (prospects) have been defined by using well data and 3D subsurface mapping.

The West Whittier Field area was discovered by Mitchell Energy in 1973 on a farm-in of acreage leased by Petrofina. The 433-acre lease area of West Whittier is a structural trap consisting of several pools of oil that is currently produced from 2 drill sites at about 300 barrels of oil per day from 30 wells. The field id defined by large thrusts fault (Whittier Fault) which separates the field into an upper and lower productive fault blocks. The productive sands are found in the Miocene Puente Formation which occur in the upper fault block and the lower fault block consists of Pliocene Repetto Formation reservoirs. The reservoirs are good quality with sands that have 20 to 26% porosity and oil gravity of approximate.

The first and second quarter of 2020, Royale participate in the drilled and completion of Matrix W-1RD5. The well was drilled to 3,634 ft. and was tested on April 22, 2020 at an initial flowing rate of 129 BOPD from perforation of oil-bearing sands calculated in thickness of 1,470 ft.

Matrix purchased the Sansinena Oil Field from a major California independent exploration and development company in June 2016. The Sansinena Oil Field is located in Los Angles County, in La Habra Heights. The first discovery was in the early 1900’s. Netherland Sewell and Associates estimates there are 80 new PUDs (proved undeveloped locations). This is not an exploration program but is infill drilling into the proved reservoirs to increase production and reserves. The first well is scheduled to drill in August 2017.

The Rio Vista gas field was discovered in 1936 and became the largest non-associated natural gas field in California. In June 2016, Royale reached an agreement with a major independent exploration and development company to expand their joint development agreement in the Sacramento Basin of Northern California. The expanded arrangement covers approximately 1,900 acres in the prolific Rio Vista Field. Royale continues to drill successful wells in Rio Vista targeting the Capay, Martinez and McCormack formations.