Exploration & Production | Service & Supply
Royale Secures Rig for North Slope Shale Oil Project
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Royale Energy, Inc. has entered into a contract for a drilling rig to drill its recently announced North Slope Alaska shale oil play and the large 3D conventional target announced last week.
Kuukpik Drill will provide Rig Number 5 for the full 2014-2015 winter season to drill two wells designed to test both the conventional target as well as the shale sequence.
Stephen Hosmer, Co-CEO, commented: "By securing a rig, we have overcome the biggest challenge to meeting our goals for drilling this winter."