Porter Hedges Advises Matrix Oil on the Closing of its Merger with Royale Energy
Porter Hedges represents privately held Matrix Oil Management Corporation (“Matrix”) in the closing and completion of its merger 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 and development of oil and natural gas. Royale’s primary operations are focused in the Los Angeles and Sacramento basins of California with non-operated and royalty interests in West Texas and Alaska.
For additional information, please see the press release here.