Texas royalty owners have sure taken a licking this year. Unfortunately, it’s probably going to get worse before it gets better. Moody’s Investor’s Service recently lowered its estimates for future average 2015 prices of Brent crude to $55 per barrel, and of West Texas Intermediate (WTI) crude to $50 per barrel.…
Articles Posted in Oil and Gas News
The Real Ownership of American Oil & Gas Companies: Oil Companies Are US!
The ownership of oil and natural gas companies may not be what people commonly think it is or expect it to be. The fact is that over 80% of the ownership of oil and gas companies in America is held by private individuals, either in their individual names or through…
The Relationship between Texas Oil Prices and Texas Land Values
There is no denying the importance of the Texas oil and gas industry to the Texas economy. A less obvious impact is the effect of oil and gas prices on Texas land values. Texas A&M University’s Real Estate Center released an econometric model positing a powerful correlation and interdependence between…
New Oil and Gas Drilling Technology in Texas: The Pros and Cons of “Zipper Frac”
There is a new technology developed by Texas Tech University called “zipper frac.” It is a hydraulic fracturing process, which serves to fracture the subterranean rock formations by using pressurized liquid. Texas Tech University modified the original technique. As the zipper frac process commences, it creates the fractures, or splintering,…
Oil & Gas Activity in Texas’ Permian Basin
There are some relatively new operators in the Texas oil and gas industry. One of these is Parsley Energy, Inc. which was founded in 2008. Run by a relatively young management team, Parsley Energy appears to be establishing a good reputation in an industry which is typically dominated by more…
Tainted Water Not from Fracing
Another piece of scientific evidence has been published that suggests that the negative press over hydraulic fracturing may be unwarranted. As most of you are aware, there have been many accusations reported in the media that fracing allowed methane to enter and contaminate water wells. While methane is not particularly…
Another Oil Company Expands in the Texas Permian Basin
Parsley Energy Inc., based in Midland, Texas, has been buying undeveloped and productive land in Reagan County. Parsley Energy is an independent oil and natural gas company founded in 2008 with operations in the Permian Basin. The company develops unconventional oil and gas reserves. It has grown exponentially in the…
USW Strikes at Oil Refineries: The Worst Possible Timing
The number of U.S. refineries and petrochemical production plants that have been subjected to United Steelworkers strikes has now reached eleven locations in California, Kentucky, Texas and Washington. It’s hard to imagine a more outrageous case of bad timing. Let’s see: oil and gas are at their lowest prices in…
Oil Production in the Texas Permian Basin
This blog frequently shares news regarding developments in the oil and gas industry, particularly in Texas, and how growth in that industry effects Texas mineral owners. As the industry grows, increased opportunities arise for Texas land owners, such as the opportunity to negotiate oil and gas leases. (for more information…
Oil & Gas Activity in the Wolfcamp Shale in Texas
The Permian Basin is on its way to becoming the most productive oil play in the United States. In the next few years, the Wolfcamp Shale in this basin could by itself overtake the Bakken Shale in North Dakota and Montana in the amount of money spent for exploration and…