Royal Energy Resources, Inc. announce that the Company now owns a 3% overriding royalty interest in Niobara County, Wyoming. The overriding royalty interest encompasses over 80 mineral acres, and the oil and gas production will be developed by Black Diamond Minerals, LLC, a Denver Colorado based company.
“The field in Niobara County, Wyoming marks our fourth acquisition in Wyoming of oil and gas mineral rights. Teaming up with industry leaders like Black Diamond Minerals, LLC is important in achieving early success in our gas production revenue future,” stated Jacob Roth, President, Royal Energy Resources, Inc.
Royal Energy Resources, Inc., is an oil and gas development stage exploration and production company and currently owns interests in Weston and Natrona Counties in Wyoming. 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.