The overriding royalty interest consists of over 300 mineral acres, and the oil and gas production will be developed by Bill Barrett Corp, a Denver, Colorado-based company.
The company said that the field in Natrona County, Wyoming marks another acquisition in Wyoming of oil and gas mineral rights.
Royal Energy Resources president Jacob Roth said that teaming with industry leaders like Bill Barrett Corp is important in achieving early success in our gas production revenue future.
Royal Energy Resources is an oil and gas exploration and production company and currently owns interests in Natrona and other counties in Wyoming.
