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Allocation Wells In Old Oil & Gas Fields In Texas 25 Jun 2013 | 07:21 pm
Have you seen an “Allocation Permit” or been contacted about participating in an “Allocation Well”? Allocation wells are becoming more common across Texas where old fields were developed with convent...
Marcellus Leasing Agents Have Been Replaced With Mineral Buyers 30 May 2013 | 09:55 pm
The days of landmen running around in courthouses in Pennsylvania isn’t over, but their purpose is a little different. Mineral buyers, who hope to cash in when natural gas prices recover, are filing d...
Colorado Property Sellers Might Have To Disclose Mineral Ownership 25 Apr 2013 | 09:08 pm
A recent law passed through the house in Colorado that will require property sellers to disclose possible third-party mineral rights ownership. That will include oil, gas, coal, and other minerals. In...
QEP Resources Settles OK Royalty Suit for $115 Million 15 Feb 2013 | 08:08 pm
QEP Resources has reached a $115 million settlement in a class action lawsuit filed by royalty owners in the state of Oklahoma. The class action lawsuit was filed on behalf of QEP’s Oklahoma royalty o...
Natural Gas Royalties Paid in the Billions 31 Jan 2013 | 10:29 pm
Over $20 billion in natural gas royalties were paid in 2010. That’s the most recent year the NARO has provided statistics. Pennsylvania is the most recent state to splash onto the scene. An estimated ...
Fewer Rigs, More Wells in 2013 – Schlumberger 21 Jan 2013 | 09:00 pm
Schlumberger expects there will be fewer rigs active in 2013 than 2012, but there will be more wells drilled. The company reviewed its outlook for North America in its fourth quarter conference call. ...
US Oil Production Eclipsing 1998 Levels 14 Dec 2012 | 11:20 pm
US oil production is on pace to eclipse 1998 levels in 2012. Daily production is set to grow more than 10% year over year. Let’s put this in perspective – you have to go back to 1950-1951 to find the ...
Does the Cline Shale Contain 30 Billion BOE? 12 Dec 2012 | 01:20 am
The Cline Shale grabbed headlines after Devon announced impressive well results. Devon believes a typical well might produce 570,000 boe, with 85% of that being oil and NGLs. The company also pegged r...
Oil Prices Vary Significantly Across the U.S. 30 Nov 2012 | 03:05 am
Oil prices in the U.S. can vary substantially. Prices can change quite a bit within the same state. Much of the value of a barrel of crude is determined by its type or makeup. Crude type isn’t the foc...
Better Natural Gas Prices Leading to Better Royalty Checks? 25 Oct 2012 | 01:15 am
Natural gas prices hit 2012 highs in October, so it’s a good time to learn more about where they are headed. Natural gas storage levels are still on pace to set records in the next few weeks, but pric...
