Porter Hedges Advises Matrix Oil in its Merger Agreement with Royale Energy
Porter Hedges represents privately held Matrix Oil Management Corporation (“Matrix”) in its merger agreement with Royale Energy, Inc. (OTCQB: ROYL) (“Royale”).
Matrix is a private independent oil and natural gas production company formed in 1999 and based in Santa Barbara, CA. The company is focused on acquisition of long-life, low-risk producing oil leases that have drilling upside or operations optimization possibilities.
Founded in 1986, Royale is an independent exploration and production company focused on the acquisition, development, and marketing of natural gas. Royale Energy has its primary operations in the Sacramento and San Joaquin basins in California.
For additional information, please see the Royale 8-K here.