Royale Energy Inc
For the period ended Dec 31, 2023. Filed Apr 12, 2024.
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FY2023 · Filed Apr 12, 2024
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Production
The following table summarizes, for the years indicated, Royale’s net share of oil and natural gas production, average sales price per barrel (BBL), per thousand cubic feet (MCF) of natural gas, and the MCF equivalent (MCFE) for the barrels of oil based on a 6 to 1 ratio of the price per barrel of oil to the price per MCF of natural gas. “Net” production is production that Royale owns either directly or indirectly through partnership or joint venture interests produced to its interest after deducting royalty, limited partner or other similar interests. Royale generally sells its oil and natural gas at prices then prevailing on the “spot market” and does not have any material long term contracts for the sale of natural gas at a fixed price.
| 2023 | 2022 | |
|---|---|---|
| Net volume | ||
| Oil (BBL) | 22,399 | 18,015 |
| Gas (MCF) | 128,160 | 135,136 |
| MCFE | 262,554 | 243,226 |
| Average sales price | ||
| Oil (BBL) | $74.27 | $91.86 |
| Gas (MCF) | $3.47 | $7.01 |
| Net production costs and taxes | $1,731,670 | $1,928,521 |
| Lifting costs (per MCFE) | $6.60 | $7.93 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.