Royale Energy Business Summary

Royale Energy, Inc. (ROYL) is an independent energy company primarily engaged in the exploration, development, and production of oil and natural gas across major U.S. basins, including the Permian Basin in Texas and the Sacramento and San Joaquin Basins in California. The company generates revenue through the direct sale of oil and gas production and the strategic sale of fractional working interests in its drilling projects to third-party investors. Its business segments are divided between its core production operations and its acquisition and development arm, which focuses on identifying low-risk drilling opportunities in proven fields. As of February 2026, Royale is undergoing a comprehensive strategic review led by Roth Capital Partners to optimize its balance sheet and pursue a potential relisting on a national exchange. Within the micro-cap energy landscape, Royale competes with firms such as PEDEVCO Corp., Camber Energy, Inc., Ring Energy, Inc., and Barnwell Industries, Inc., positioning itself as a niche operator focused on capital-efficient asset development and strategic farm-out agreements. The company’s leadership is currently anchored by Executive Chairman Jonathan Gregory, who was appointed in January 2026 to spearhead capital markets initiatives and the firm's strategic turnaround. Gregory brings over 30 years of energy finance experience, currently serving as CEO of RMX Resources and Chairman of the California Independent Petroleum Association (CIPA). He works alongside CEO and President Johnny Jordan, a veteran petroleum engineer and co-founder of Matrix Oil Corporation (which merged with Royale in 2018) with a background at Exxon and Enron. The executive team also includes CFO Ronald Lipnick, who has managed the company’s financial operations since the early 1990s, and Co-Founder Donald H. Hosmer, who serves as President of Business Development. The Board of Directors is chaired by Independent Chairman Chris Parada and includes Stephen Hosmer, maintaining a link to the company’s founding family while integrating institutional oversight through its recent strategic appointments.