From the category archives:
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 Colorado, minerals are often severed and this law would require that buyers be made aware that there is a possibility someone else owns the [...]
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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 owners asserting claims related to royalty valuations related to wells QEP operated or from which it marketed the gas. The Settlement [...]
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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 $1.2 billion was paid to royalty owners across Pennsylvania in 2012. One company, Range Resources, has paid out over $1 billion [...]
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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. But if you look at our view on 2013 for North America, we do expect the U.S. land rig count to be [...]
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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 last year US oil production grew by more than 10% in a single year. A [...]
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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 recoverable resource at 3.6 million boe per section (square mile). If the commercial extent of the play extends across 9,800 square miles, then [...]
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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 focus of this article, but it’s worth reviewing. Light-Sweet crude is generally the best. Heavy crudes like [...]
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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 prices are up 88% from lows near $2 per mmbtu in April. Even though $3.50 is the [...]
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Oil and gas drilling conflicts with landowners are undoubtedly on the rise. The sheer number of mineral owners has grown tremendously over the past ten years as operators have leased millions of acres of land from North Dakota to Pennsylvania and Texas. The combination of lease negotiations, surface disturbance negotiations, drilling operations, and everything midstream [...]
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Rigs continue to shift away from natural gas plays like the Haynesville to liquids-rich plays like the Eagle Ford Shale and Bakken. Since the end of 2010, more than 100 rigs have moved out of the Haynesville in East Texas and North Louisiana. It’s likely many of those rigs are now engage in Eagle Ford [...]
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