Entries by Ranger Land & Minerals

Supply and demand

U.S. oil producers have said they plan to slow production to reduce supplies and thus boost the costs. But experts say that oil production will stay ramped up into 2020, and will slow later next year and after.     Read the full article here Source: Toledoblade.com

Texas income tax question on the ballot

Texans are now voting on 10 amendments to the state constitution. Proposition #4  deals with a state income tax. Proposition #7 pertains to the permanent school fund, which invests revenue from state-owned lands — such as leasing mineral rights to oil and gas companies.     Read the full article here Source: KTEN.com

USGS estimates huge jump in Marcellus, Utica gas

The Marcellus and Point Pleasant-Utica Shale plays in the Appalachian Basin contain an estimated mean of 214 trillion cubic feet of undiscovered. “Watching our estimates for the Marcellus rise from 2 trillion, to 84 trillion, to 97 trillion in under 20 years demonstrates the effects American ingenuity and new technology can have,” said USGS director […]