While Roya’s staff all have more than 40 years experience each in multiple provinces across America, Roya’s focus is on as yet untapped prospective areas of the prolific oil areas of the south San Joaquin, Ventura, Santa Maria and Salinas Valley basins. Roya is equipped to rapidly evaluate all on shore basins in California and is set up to generate, lease drill, produce and operate all projects including oil field accounting and revenue distribution.
We go by our mantra “Experience, Experience, Experience”.
Roya co-founder and president, F.Lynn Blystone, began his affiliation with the industry some 45 years ago and rose to be the president, CEO and Chairman of a public oil and gas and minerals company and its five subsidiaries which he took from the pink sheets to the American/New York Stock exchanges and number 397 to number 100 on the Oil and Gas Journal list of the top U.S petroleum companies in the United States. After retiring in 2010 he co- founded Roya Resources LLC and Golden Star Capital LLC pursuing petroleum and mineral opportunities respectively.
Paul Hacker, Registered geologist (and son of registered geologist Robert Hacker) has more than 40 years experience in multiple states, but primarily in California basins from which he has accumulated several royalties from successful ventures. Paul is focused on playing a 3,000 square mile under explored area with shallow conventional stratigraphic prospects ranging from 5 million barrel to 200 million barrel recoverable targets.
Joe Kandle, petroleum engineer who has drilled and produced all over the U.S., set the North American record for the longest, fastest single bit run (10,100 feet in 116 hours) and has been on four of the top five deepest wells in California including two below 20,000 feet. He delivers on time, under budget projects having drilled all over the U.S. including Alaska for 49 years.
Once the world’s largest oil producer, California, particularly the south San Joaquin Valley around Bakersfield, remains a major producing area and wonderful exploration region. With an industry history of more than 140 years and more than 120,000 wells drilled, the south San Joaquin Valley is host to four (soon to be five) billion recoverable barrel oil fields, 22 that have produced more than 100 million barrels and scores of smaller fields to deliver more than 15 billion recoverable barrels. Current production around Bakersfield is twice the entire State of Oklahoma and more than Alaska’s Prudhoe Bay.
While industry frenzy is focused on California’s immense Monterey shale play driving up costs for land and mineral rights for this, so far, non commercial venture, Roya has designed a “stealth” opportunity in a highly prospective, but under explored and currently ignored area that neither requires hydraulic fracturing (fracking) nor horizontal drilling for a much lower cost/lower risk scenario. Roya’s current appraisal/exploration inventory targets total some 600 million recoverable barrels.
Roya Resources has identified several prominent oil prospects that do not require hydraulic fracturing (fracking) of the target formation to extract the oil thus avoiding the current controversy surrounding that practice.
It should be noted that many thousands of wells have been fracked over the years with no confirmed adverse consequences to human health and safety. In fact, the Roya team performed the largest single stage frack (1.3 million pounds of sand) ever done west of the Rockies and also the deepest frack (18,500+ feet) ever done west of the Rockies without any adverse consequences. Roya believes that fracking is good oilfield practice where needed and that objection is typically without scientific merit.
Never-the-less, Roya chooses prospects where, unlike the currently popular shale plays, the oil bearing formation can be conventionally completed and produced without fracking.
World famous geologist, Michael T. Halbouty, said that to make the really big discoveries one should search for the more subtle stratigraphic traps, and those are what Roya has identified and placed in its inventory.
These plays are shallow (under 5,000 feet) with thick (up to 300 feet) reservoir sands that can be conventionally completed and produced. Such prospects are much lower risk than those that must be fracked and cheaper to access, complete and operate thus affording investors “more bang for the buck.” Generally, the Roya prospects can be drilled vertically with front costs much lower than horizontal drills. Roya prospects typically compare favorably economically to the shale plays, currently the rage of the industry.
Current & Past Projects…
We have added several projects to be soon announced and more wells have been completed that we will be announcing in more detail soon!
The emerging demand for lithium batteries has caused a price surge for this commodity against a rather static supply. Roya has identified exploration areas in Nevada and California that can be rapidly evaluated, staked and tested for exploitation.
The U. S. reserves of this commodity are now down to two years with anticipated price rise as new sources are stalled. Roya has identified several places prospective for helium in California and other states in order to evaluate and test for commercial delivery as demand grows against shrinking reserves.
Through a long time professional association, Roya has been offered a world class gold prospect (the trend is some 10 miles long) combined with existing production that can be improved. The prospect is on mining friendly State of Alaska lands that do not drain into sensitive streams. The goal is to build the data base to a level sufficient to joint venture or vend to a major mining company.
Roya has identified a fresh water aquifer at least two miles thick! The aerial extent is still undefined and all that is known about the water quality to date is that it is “devoid of salts” and there is well water crop irrigation nearby. It has the potential to be huge subject to further study. Roya believes that it would best serve the reserve/operating needs of a major end user wanting many decades of secure, independent source and is soliciting expressions of interest from such private parties.