While the boardrooms of major oil and gas companies were once dominated by men, businesses are tossing this trend and opting to employ women in high-power positions. These changes are more than just efforts to increase gender equality, but rather bolster the innovative work done within the industry. "Almost every country in the world
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In 1860, Colonel Edwin Drake became the first American to successfully drill for oil. With his major strike in Titusville, Pennsylvania, he launched the modern oil and gas industry. Now, 156 years later, the oil and gas industry is a multi-trillion dollar a year enterprise that provides thousands of jobs and fuels the economy. Following
As the owner of oil and gas properties, you are familiar with all of the decisions, fees, and hassles of managing your rights. With the market currently in a state of flux, oil and gas property owners are faced with the choice to sell assets or hold out until market conditions improve. For those owners
Owning oil and gas properties can be an expensive asset to maintain. “The most common reason for selling interests is that oil and gas properties are depreciating assets,” Royalty Clearinghouse reports. “Instead of waiting for the eventual production to cease, selling your interests eradicates the uncertainty surrounding these types of assets.” When you’ve decided to
“[Working interests are] by far the riskiest and most involved way to participate in an oil and gas investment,” according to an article on Investopedia. Yes, a working interest in oil and gas can be a risky endeavor but as any successful investor will tell you, with great risk comes great reward. But what is
The mining industry is nearly at a standstill due to plummeting crude oil and natural gas prices. This means mineral rights owners are also feeling a lack of cash flow as dwindling royalty checks arrive in the mail. For some, it's time to consider listing their producing oil properties for sale. But, how do you
The massive petroleum industry is divided into three distinct sectors: upstream, midstream and downstream. Each area focuses on key aspects of oil and gas processing: from exploration and drilling to transportation, production and sales. The first link in the chain is upstream oil and gas production. What is Upstream Oil and Gas Production? Before you can
In the petroleum industry, the number of active working oil and gas rigs serve as a primary indicator of oil and gas demands. As rig counts dwindled at the start of 2016, so did oil and gas jobs, investments and royalty payments. What are Oil and Gas Rig Counts? For over 70 years, economists and
Falling oil prices are being felt across the country and overseas. In addition to oil and gas discovery, production and refinement workers, investors and landowners are feeling the dry spell too. Overriding royalty interest (ORRI) payments, or the royalty payments made above and beyond standard royalty payments to investors, are dwindling alongside quickly declining oil
Oil prices are plummeting. Although motorists are smiling at the gas pumps, the economy as a whole doesn't respond with as much positivity. When fuel prices drop, employees of the oil and gas industry feel the first ripples of the downturn, followed by everyone who has a hand in the energy business. Why are Oil