The Texas Alliance of Energy Producers, one of the largest oil and natural gas industry associations in the state, named Jason Modglin its new president on June 3. Succeeding John Tintera, who retired last year, Modglin is stepping into his new role as the coronavirus pandemic and industry downturn have resulted in tens of thousands […]
In the United States, mineral rights can be an extremely valuable asset. If you own property that may have reserves of oil, gas, or other resources, then that could be a hot commodity. When selling mineral rights, you can earn a large lump sum of cash or purchase another property with serious tax advantages. Of […]
In the United States, landowners have the ability to earn money from the resources below their property. If you own the subsurface below your land, then oil and gas companies may be interested in leasing or buying your mineral rights. Let us talk more about the oil and gas royalties by state. Of course, not […]
According to Mohammad Sanusi Barkindo, secretary-general of OPEC, the enormous and unprecedented oil market imbalance facing the industry in April following the COVID-19 pandemic required an unparalleled response from producers Underlining the importance of the two-year agreement signed in the Declaration of Cooperation (DoC) on 12 April by OPEC and non-OPEC oil producing countries and […]
Owning property can raise a lot of questions, especially if your property is underground. Mineral rights entitle owners to the precious minerals below the Earth’s surface. What happens when a mineral rights owner passes away or simply neglects their asset? In this article, we will explore the question “do mineral rights expire?” Reverting Mineral Rights […]
It’s clear COVID-19 is having a profound impact on the cornerstone industries of our economy. Regardless of the industry they operate in, all firms will need to plan to anticipate the shape of recovery and prepare for the next normal. This is particularly complex for the energy industry. With global lockdowns cutting demand and social […]
Mineral rights are valuable. If you suspect that your land may have precious minerals below the surface, then you may be able to financially benefit. Do you have mineral rights ownership? Then you can sell or lease them to an oil and gas company to begin the extraction process. If you’re not sure whether or […]
There are only a few better feelings than getting your oil and gas royalty check in the mail. Whether you have decided to lease your mineral rights or you have aided in an operation’s production, the extraction and sale of oil or gas earn you a nice bit of money each month. Of course, all […]
Oil supermajor Shell plans to announce by the end of the year a significant restructuring to reflect its net-zero emissions goal for 2050 and to align itself with a green recovery from the pandemic, a Shell source told Reuters on Tuesday. Shell’s chief executive Ben van Beurden has told employees in an internal website video […]
Oil royalties are a pretty simple concept but can warrant some very significant income. Here is a century fact in the United States. Individuals have been receiving oil royalties for the valuable resources below their property. In this article, we are going to give a brief overview of what are oil royalties. Additionally, we will […]
