Royale Energy Acquires Stake in Afton Field in California
|Thursday, February 26, 2004
Royale Energy has acquired an interest in 7,000-acres in the Afton Gas field of the Sacramento basin located in the northern portion of Sacramento valley in California. The acquisition includes production and existing 3D seismic with potential drilling locations.
The Afton Gas field is one of the oldest producing areas in the Sacramento basin. The field contains multiple pay horizons including the Kione and Forbes natural gas zones.
Royale Energy plans to increase production from the existing wells and utilize the acquired 3D seismic data for defining additional drilling locations. This acquisition is strategic to the company's existing production and operations in the Sacramento basin.