Average natural gas well production is a deceptively simple phrase. People often ask for “the average” because they want a single number they can use to compare wells, estimate revenue, or understand how long a project might produce. But natural gas wells don’t behave like identical machines—production depends on geology, well design, completion quality, operating […]
The Marcellus Shale, which stretches across Pennsylvania and West Virginia, has dethroned the Permian Basin of West Texas and eastern New Mexico as the top U.S. destination for hydraulic fracturing crews. The Marcellus, which is rich in natural gas, has 31 percent of the active hydraulic fracturing crews in the field, followed by the oil-rich […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
Stockpiles of U.S. oil inventories dropped for the second straight week, the Energy Information Administration reported. Oil prices remained higher following the report, with WTI futures climbing more than 3%. Oil inventories fell by about 5 million barrels for the week ended May 15, the EIA said. That compared with expectations for a build of […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
Oil prices jump after U.S. stockpile data Wednesday showed another surprise weekly decline as coronavirus lockdown restrictions continue to ease across the country. The Energy Information Administration reported crude inventories dropped by 5 million barrels last week. Analysts polled by S&P Global Platts saw an increase of by 2.4 million barrels. Last week, EIA stunned […]
Fee Simple vs Leasehold, Leased Fees in Oil and Gas There are many different kinds of transactions associated with the buying, selling, and leasing of property. Mineral rights are no different. Whenever you buy or you sell or lease mineral rights, you may be entering into one of several kinds of agreements. In this article, […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
The U.S. will need to significantly reduce domestic oil production to prevent a protracted period of sub-$30 WTI, a level that leaves almost no producer profitable. Over the last 10 years, technology and access to capital have allowed for rapid growth in oil production as well as in associated gas volumes. Historic reductions in drilling […]
