Where is the Most Oil Found in Texas? The United States produces more barrels of oil than any other country in the world. Within the US border, no state produces more oil than Texas, and this is by a landslide. In fact, according to the U.S. Energy Information Administration, Texas produces over 3 times as many barrels as North Dakota, ...
Read More

Stockpiles of U.S. crude 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 about 1.15 million barrels, according to ...
Read More

Pooling, Unitization, and Joint Oil and Gas Leases Mineral rights and oil and gas leases tend to be a bit more complicated than ordinary surface rights leases. When you sell or lease a home, there is a pretty obvious boundary (oftentimes marked by a fence) that designates what the lessee can control. Below the surface, however, the spaces occupied by ...
Read More

Oil prices surged 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 markets by reporting a surprise ...
Read More

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, sell or lease mineral rights, you may be entering into one of several kinds of agreements. In this article, we are going to define and explain ...
Read More

Understanding Oil and Gas Lease Bonus Payments If you are selling or leasing your mineral rights, you may have some competing offers sitting on your desk. In an oil and gas lease, you can potentially earn a large amount of money over time through the acquisition of oil and gas royalties. If a company is particularly interested in your mineral ...
Read More