| | Business Summary | | Royale
Energy,
Inc.
is
an
oil
and
natural
gas
producer.
The
Company's
principal
lines
of
business
are
the
production
and
sale
of
natural
gas,
acquisition
of
oil
and
gas
lease
interests
and
proved
reserves,
drilling
of
both
exploratory
and
development
wells
and
sales
of
fractional
working
interests
in
wells
to
be
drilled
by
the
Company.
The
Company
owns
wells
and
leases
in
geological
basins
located
mainly
in
California.
It
offers
fractional
working
interests
and
seeks
to
minimize
the
risks
of
oil
and
gas
drilling
by
selling
multiple
well-drilling
ventures
that
exclude
the
use
of
debt
financing.
The
Company
acquires
interests
in
oil
and
natural
gas
reserves
by
sponsoring
private
joint
ventures.
Through
its
participation
in
joint
ventures,
the
Company
can
acquire
interests
and
develop
oil
and
natural
gas
properties
with
limited
expense
and
risk
and
still
receive
an
interest
in
the
revenues
and
reserves
produced
from
these
properties. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Royale
Energy
is
engaged
in
acquiring
oil
and
gas
lease
interests
and
proven
reserves,
drilling
exploratory
and
development
wells,
and
selling
fractional
working
interests
in
wells.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$4.4
million
to
$9.9
million.
Net
income
rose
from
$537
thousand
to
$4.8
million.
Results
reflect
an
increase
in
the
production
of
natural
gas
due
to
the
addition
of
a
well
in
the
Sacramento
basin,
and
higher
average
selling
prices
for
natural
gas. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Harry Hosmer, 70
Chairman | -- | Donald Hosmer, 47
Pres,
CEO, Sec., Director | $148K | Stephen Hosmer, 34
CFO | 126K | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/r/royl.gif)