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, […]
An oil and gas lease bonus payment is the upfront consideration a mineral-interest owner may receive for signing a lease that grants a company the right to explore for and produce oil and natural gas. Although the payment is often quoted as a dollar amount per acre, the final check depends on ownership, title confirmation, […]
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 […]
How much oil does a typical well really produce, and why do some wells seem to gush while others barely trickle? Whether you are reading headlines about record production, reviewing a production report, or trying to understand a royalty statement, oil well production numbers—especially the average oil well production per day that you see on […]
If you’re trying to figure out how to get oil companies to drill on your land, it helps to start with a practical reality: drilling rarely begins because a landowner “asks for it.” It begins because subsurface potential, economics, existing infrastructure, and legal access line up—then the right operator (or buyer) secures the rights needed […]
How long does an oil well last? The honest answer is that there is no single lifespan that fits every well. Some wells produce for only a few years before they become uneconomic, while others continue operating for decades as production declines gradually over time. The total productive life depends on geology, drilling and completion […]
The average price per acre for mineral rights is one of the most searched questions in the industry—and one of the hardest to answer with a single number. Mineral ownership is highly local. Two properties with the same acreage can have very different values depending on geology, development activity, lease terms, and whether the minerals […]
