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NOTE 10 - RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 10 - RELATED PARTY TRANSACTIONS

Significant Ownership Interests

As of February 23, 2016, Donald H. Hosmer, Royale Energy’s co-president and co-chief executive officer owns 8.08% of Royale Energy common stock. Donald H. Hosmer is the brother of Stephen M. Hosmer, and son of Harry E. Hosmer.  Donald has participated individually in 178 wells under the 1989 policy.  During 2015, Donald participated in fractional interests of two wells in the amount of $3,143 and in 2014 participated in fractional interests of four wells in the amount of $18,692.  At December 31, 2015, Royale had a receivable balance of $991 due from Donald Hosmer for normal drilling and lease operating expenses.

As of February 23, 2016, Stephen M. Hosmer, Royale Energy’s co-president, co-chief executive officer and chief financial officer, owns 7.89% of Royale Energy common stock.  Stephen M. Hosmer is the brother of Donald H. Hosmer and son of Harry E. Hosmer.  Stephen has participated individually in 178 wells under the 1989 policy.  During 2015, Stephen participated in fractional interests of four wells in the amount of $4,389 and in 2014 participated in fractional interests of four wells in the amount of $7,714.  At December 31, 2015, Royale had a receivable balance of $7,696 due from Stephen Hosmer for normal drilling and lease operating expenses.

As of February 23, 2016, Harry E. Hosmer, Royale Energy's former president and former chief executive officer, owns 4.41% of Royale Energy common stock. Donald H. and Stephen M. Hosmer are sons of Harry E. Hosmer.  Donald H. Hosmer and Stephen M. Hosmer are also officers and directors of Royale Energy.  Harry Hosmer also assists Royale Energy on a consulting basis and receives $13,805 monthly for these services.  During 2015, Harry Hosmer participated in fractional interests of four wells in the amount of $5,633 and in 2014 participated in fractional interests of three wells in the amount of $9,985.  At December 31, 2015, Royale had a receivable balance of $4,380 due from Harry Hosmer for normal drilling and lease operating expenses.