Royale Releases Test Results from New Field Discovery
Royale Energy has released the test results of the Goddard 7-1. On Oct. 15 the company announced a new field discovery near its successful Lonestar field. This week's completion activities resulted in a stabilized flow rate of 2,450 MCF per day on a restricted choke. Based on these results the well is capable of significantly higher producing rates, and the company expects to begin production at an initial rate of 2,500 MCF per day.
The first follow up to the Goddard discovery began drilling Oct 28. The Wylie #1 will test a similar nearby 3D seismic amplitude anomaly. Royale Energy will drill additional follow up wells by the end of this year.