Royale's West Coast Energy Summit Highlights Natural Gas
More News related to ROYL
- Wylie #1 Successful Follow-Up to Goddard Discovery
- Royale Achieves Compliance
- Unusual 11 Mid-Day Movers 11/05: RX, FSYS, NWK, ROYL Higher; SMSI, ELMG, PL, CVS Lower
- Morning Movers 11/05: ROYL, RX, FSYS, KAI, SANM Higher; SMSI, CVS, MBRK, INOD, PL, ARO Lower
- Royale Tests New Field Discovery
More News related to Press Releases
- Notable Late-Afternoon ETF Movers for 11/25: UNG, GDX, XRT Higher; UUP Lower
- Notable 52-Week High's and Low's: BMY, JCG, PBR, SLW, GOOG, INCY, NTAP, QADI, GOLD, BONT Higher; SPWRB Low
- Unusual 11 Mid-Day Movers 11/25: RTK, QADI, QBC, KBX Higher; BNHNA, DRAM, TBH, CWTR Lower
- Afternoon ETF Check: UNG, XRT, EWJ Up; VNM, RSX Down
- Notable Analyst Ratings Changes 11/25: EXXI, IWA, VPRT Upgraded; BNHN, NRG, GTE Downgraded
T. Boone Pickens Speaks on Natural Gas Outlook
SAN DIEGO--(BUSINESS WIRE)-- Royale Energy, Inc. (NASDAQ: ROYL) announced today that conference attendees of its recent West Cost Energy Summit heard from speakers including T. Boone Pickens, Governor George Allen, and other experts about the future of the industry.
Last weekend's three-day Santa Barbara conference, which included a private tour and luncheon at the Reagan Ranch, afforded participants briefings on topics including fundamentals, economics, politics, and opportunities within the energy sector.
America has now "moved to number one in the world, at 2000 trillion cubic feet of gas," noted T. Boone Pickens, "we've moved ahead of Russia and Iran." The message also included comments about the "Pickens Plan" and the Natural Gas Act - S. 1408. Pickens anticipates passage of the act, and this will transition fleet transportation to this secure domestic energy source adding, "I believe we can phase out all of the diesel 18-wheelers and those heavy duty trucks, there are 6.5 million of them. Let's say, in 7 years they're all natural gas not diesel, so that's going to be domestic fuel, not foreign oil. That's going to cut imports by 2.5 million barrels a day."
Former Virginia Governor George Allen, now chairman of the Energy Freedom Center advocating abundant supplies of domestic energy, shared insights of the political landscape and paths leading toward domestic energy solutions for independence.
The West Coast Energy Summit was the first of a series of exclusive conferences to be held across America.
About the Company
Headquartered in San Diego, Royale Energy, Inc. is an independent energy company. The company is focused on development, acquisition, exploration, and production of natural gas and oil in California, Texas and the Rocky Mountains. It has been a leading independent producer of oil and natural gas for over 20 years. The company's strength is continually reaffirmed by investors who participate in funding over 50% of the company's new projects. Additional information about Royale Energy, Inc. is available on its web site at www.royl.com.
Forward-Looking Statements
In addition to historical information contained herein, this news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company's actual results to differ materially from those in the "forward-looking" statements. While the company believes its forward-looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company's control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.
Source: Royale Energy, Inc.
Related Categories
Press ReleasesStocks Mentioned
+0.02Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
