Royal Energy Resources Obtains Natrona County Interest

January 19th, 2010 • Filed Under

Reported by Staff

Royal Energy Resources, Inc., announce that it now owns a 4% overriding royalty interest in Natrona County Wyoming. The overriding royalty interest encompasses more than 300 mineral acres, and the oil and gas production will be developed by Denver-based Bill Barret Corporation.

“The field in Natrona County, Wyoming marks our acquisition in Wyoming of oil and gas mineral rights. Teaming up with industry leaders like Bill Barret Corporation is important in achieving early success in our oil and gas production revenue future,” stated Jacob Roth, President of the company.  In addition, Royal also announced that the Company has cancelled 2,000,000 shares of previously issued common stock that was owned by Jacob Roth, President.

According to company press releases, Royal has developed a corporate strategy of identification, acquisition and development of domestic oil and gas reserves, thereby reducing U.S. dependence on foreign oil.

Post a Response