SOURCE: Royal Energy Resources, Inc.

March 03, 2011 16:15 ET

Royal Energy Obtains 3% Overriding Royalty Interest in Niobara County, Wyoming Oil & Gas Lease

Interest Encompasses 80 Mineral Acres to Be Developed by Black Diamond Minerals, LLC

BROOKLYN, NY--(Marketwire - March 3, 2011) - Royal Energy Resources, Inc. (OTCBB: ROYE) today announced that the Company has acquired a 3% overriding royalty interest in Niobara County, Wyoming. The interest encompasses 80 mineral acres and will be developed by Black Diamond Minerals, LLC, a Denver, Colorado-based company. Black Diamond operates more than 100 wells in Wyoming and Colorado focused on long lived oil and gas properties in the Rockies.

"The field in Niobara County marks yet another acquisition of oil and gas mineral rights in Wyoming" said Jacob Roth, President of Royal Energy Resources, Inc. "Moreover, teaming with an industry leader like Black Diamond Minerals, LLC is important in helping us accelerate our oil and gas production revenue future."

Royal recently announced it has acquired a 5% overriding royalty interest in Weston County, Wyoming. The overriding royalty interest encompasses 75 mineral acres, and the oil and gas production will be developed by Orion Energy Partners, L.P., a Denver, Colorado-based company. Recently, Orion Energy assigned its interest to Noble Energy, Inc., a public company.

Roth indicated that the company is aggressively pursuing additional oil and gas mineral rights acquisitions.

About Royal Energy Resources, Inc. 

Royal Energy Resources, Inc. ("Royal" or the "Company"), is an oil and gas development stage exploration and production company and currently owns interests in Niobara, Weston and other 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.

Safe Harbor Statement

Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is for informational purposes only and is not an offer or solicitation to buy or sell the securities. 

Contact Information

  • Contact:

    Royal Energy Resources, Inc.
    Jacob Roth
    President
    Ph: (800) 620-3029