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Balance Sheet Cash Flow Statement 7676 Hazard Center Dr., Ste. 1500 San Diego, CA 92108 CA Tel. 619-881-2800 Toll Free 800-447-8505 Fax 619-881-2899 |
Type: Public
On the web:
http://www.royl.com
Employees:
25
Employee growth: 4.2%
The geological basins of Northern California are getting the Royale treatment. Using modern computer-aided exploration technologies, Royale Energy concentrates its exploration and production efforts in the Sacramento and San Joaquin basins. The company pursues a strategy of acquiring stakes in oil and gas reserves via private joint ventures. It also owns leasehold interests in Louisana, Texas, and Utah. Royale Energy has estimated proved reserves of 4 billion cu. ft. of natural gas equivalent. CEO Donald Hosmer, CFO Stephen Hosmer, and their father and company chairman Harry Hosmer together own approximately 36% of Royale Energy.
Key numbers for fiscal year ending December, 2008:
Sales: $19.2M
One year growth: 15.8%
Net income: ($8.8)M
Officers:
Chairman: Harry E. Hosmer
Co-President, Co-CEO, and Director: Donald H. Hosmer
Co-President, Co-CEO, CFO, and Director: Stephen M. Hosmer
Competitors:
Abraxas Petroleum
Chevron
PrimeEnergy
