Mineral rights are the ownership of what is beneath a certain plot of land. The cost of mineral rights has been rising sharply and the price currently sits at $40,000 per acre of mineral rights. Read the full article here Source: Businessnewsline.com
London (CNN Business)Reports of another attack on oil supply in the Middle East pushed prices higher early on Friday. The report immediately lifted Brent crude oil prices by 2% to above $60 a barrel. Read the full article here Source: CNN Business
Bureau of Land Management acting chief William Perry Pendley today slammed calls by some Democratic presidential contenders to ban oil and gas leasing on federal lands. “A tremendous amount of the energy we use every day, whether it’s gasoline or natural gas or oil, comes from federal lands. So much of the oil and gas […]
It was Texas, North Dakota, and New Mexico that saved us from a crude price spike a few weeks ago. U.S. crude oil production will steadily rise from 13.1 million b/d in 2020 to 14.2 million b/d by 2035. Read the full article here Source: Forbes.com
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 […]
Houston-based Occidental Petroleum Corp. (NYSE: OXY) has been planning to sell $10 billion to $15 billion worth of assets since inking a deal to acquire The Woodlands-based Anadarko Petroleum Corp. earlier this year. The $55 billion acquisition, including the assumption of debt, closed Aug. 8, and Occidental provided an update on its divestiture and deleveraging efforts on Sept. 30. […]
What’s past is prologue: more oil, more natural gas. No kidding. These two essential fuels supply nearly 65% of the energy used in the U.S. and global economies. Given that economic and population expansion are the primary indicators of more energy demand, global energy demand is set to boom 45% by 2050. Read the full […]
Executives from the largest oil and gas companies in the world offered their takes on climate change, methane flares, and why they need natural gas. One of the opening events of Climate Week in New York offered a rare sight — nine bosses of some of the world’s largest oil and gas companies in one […]
Large independent exploration and production companies against oil majors. West Texas shale play economic, a factor which has large independents and oil majors jockeying for dominance by filing ever-larger batches of drilling permits. Read the full article here Source: Chron.com
Q4 gasoline demand is only about 4-6% lower than the three summer months . Come winter, domestic demand will be ramping up 50%, with overall needs this year rising even more because of more LNG exports. Read the full article here Source: Forbes.com
