Industry News
September 2nd, 2016 by admin 0
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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 has […]

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August 19th, 2016 by admin 0
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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 […]

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August 12th, 2016 by admin 0
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While it’s no surprise that Texas is the number one state in both oil and gas production, the other states that top the lists for crude oil and natural gas might surprise you. For example, North Dakota’s production of crude oil increased by 251% from 2010 to 2014 and is now the second largest state […]

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July 29th, 2016 by admin 0
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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 […]

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July 15th, 2016 by admin 0
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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 […]

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July 8th, 2016 by admin 0
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With 2016 halfway done, the remaining six months of the year are ripe with opportunities to learn and network at oil and gas conferences. Hosted in regions across the country, these industry events give oil and gas employees and investors the chance to get hands-on and up-close with the latest technology and information. Make your […]

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June 30th, 2016 by admin 0
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“[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 […]

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June 14th, 2016 by admin 0
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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 […]

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June 2nd, 2016 by admin 0
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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 […]

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May 26th, 2016 by admin 0
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  Oil and gas investors are in an ongoing, long-time low point for oil prices. First quarter earnings are dismal. Europe’s largest oil company, Royal Dutch Shell, reported an 89 percent decrease when compared to the same period in 2015. ExxonMobil Corp. followed suit with $1.8 billion in earnings for the first quarter, a steep […]

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April 26th, 2016 by admin 0
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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 […]

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April 18th, 2016 by admin 0
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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 […]

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March 4th, 2016 by admin 0

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 […]

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February 19th, 2016 by admin 0

It’s not uncommon for the price per gallon of gas to become a hot topic of conversation around the old water cooler. Everyone has an opinion. If you spend hours a day commuting for work, you cheer when prices dip. If you rely on oil and gas income to pad the bank account, you like […]

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January 22nd, 2016 by admin 0

Where there is income, there are taxes. If you’ve just leased the mineral rights to your land to an oil and gas company, you may wonder, how will the revenue from royalty and lease payments affect my taxes? How Taxes on Mineral Rights Royalties are Figured The royalties paid to you from the company leasing […]

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January 8th, 2016 by admin 0

Choosing to lease or sell the mineral rights to your property takes time. As you question the process, you may wonder how having an oil rig on your property will affect your day-to-day life. After all, giving an oil and gas company the green light to mine below your home and land means they’ll have […]

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December 18th, 2015 by admin 0

As you debate whether or not to sell or lease your land’s mineral rights to a local oil and gas company, several questions spring to mind. One initial concern for landowners is how having an oil well on your property will impact the overall value of your land. Does an oil well improve or decrease the […]

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December 5th, 2015 by admin 0

After you lease the mineral rights to the land beneath your property, you can earn additional income by allowing an oil and gas company to set up a production site on the land. Once the well starts producing, the mineral rights owner can earn royalty interest or landowner’s royalty from the sale of the oil […]

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November 19th, 2015 by admin 0

You’ve been approached by a landman from an area oil and gas company. He’s interested in buying the mineral rights to your property and you think it’s a good idea. But, what exactly goes into the sale beyond signing the contract and welcoming the company onto your property to begin excavation and production? What Are […]

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November 9th, 2015 by admin 0

You’ve been approached by a representative or landman from a local oil and gas producer to explore and extract mineral deposits from the land beneath your home. He’s discussing leasing options on the mineral rights to your property. But, what does that mean? And, how should you approach this opportunity? Sure, it may seem like […]

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October 20th, 2015 by admin 0

Whether you have interest in selling your land or have been approached by a buyer, you should always know exactly what’s included in the transaction. When you own land, there are two levels of ownership that you may possess: surface rights and mineral rights. Do you know the difference? What Are Surface Rights? When you […]

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October 6th, 2015 by admin 0

Stay knowledgeable and on top of current energy trends by mingling with key players and trendsetters in the industry. Plan to attend an oil and gas conference in your region in 2016. From helpful seminars and panels, to expos and hands-on exhibits, you’re sure to benefit. Not sure where to start? We’ve complied a list […]

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September 1st, 2015 by admin 0

Oil prices fell more than 4 percent on Tuesday as investors took profits after Brent and U.S. crude soared more than 8 percent in the previous session. Both Brent and U.S. crude prices dropped nearly $2 a barrel shortly after trading in Brent started on Tuesday, before partly recovering later in the session. “A lot […]

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June 30th, 2015 by admin 0

Crude futures hit three-week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. The dollar surged against the euro to early June highs on worries over the […]

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June 23rd, 2015 by admin 0

Oil futures made a sudden turn higher Tuesday, with analysts attributing the bounce to technical price triggers, expectations for a weekly decline in U.S. crude supplies and a U.S. plan to help Europe defend against security threats, which highlighted U.S. tensions with Russia. August crude CLQ5, +1.37%  tacked on 56 cents, or 0.9%, to $60.94 […]

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May 30th, 2015 by admin 0

While vehicle miles traveled have nearly doubled since 1980, emissions are drastically down. The combination of cleaner fuels, modernized equipment and facilities, plus more efficient vehicles have cut emissions by 62% over the same period according to a recent statement from the American Petroleum Institute. Ozone concentration has dropped 18% since 2000 alone. A major […]

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May 28th, 2015 by admin 0

According to a recent report by ICF International, $641 billion in delivery and storage infrastructure is needed in the next 20-25 years to meet the demand of the growing North American energy market. Nearly half of that sum is needed to finance the estimated 35,000 miles of pipelines and 303,000 miles of gas gathering lines […]

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May 22nd, 2015 by admin 0

Oil futures climbed on Thursday, with the U.S. benchmark scoring its biggest rally in a month as disappointing manufacturing data from China and the eurozone boosted prospects for economic stimulus measures, which could help increase energy demand. News of a third straight weekly decline in U.S. crude inventories and tensions in the Middle East continued […]

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May 14th, 2015 by admin 0

As recently as a couple of years ago, many politicians and other members of the chattering class were saying we couldn’t drill our way to energy independence. But the face of energy production in the U.S. has changed dramatically in the last two years, and today most of those people are snacking on their own […]

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May 14th, 2015 by admin 0

U.S. oil futures closed down 25 cents at $60.50 a barrel on Wednesday despite crude stockpiles slipping for a second straight week, but traders and analysts said inventories were still hefty for this time of year and could undercut the market’s advance. Crude futures have risen between 20 and 25 percent over the past six […]

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April 30th, 2015 by admin 0

U.S. crude oil hit a five-month high on Thursday as the dollar slipped to its lowest since February and as more evidence emerged of a gradual balancing of the U.S. domestic market. The U.S. currency fell to a two-month low against a basket of currencies early on Thursday as the euro and yen rallied, making […]

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April 29th, 2015 by admin 0

Lobbyists have made sure we get the message about how bad fracking is for the planet and everything on it. Alarmist and sensationalized accounts of drilling-related woes abound, with little concern for accuracy or exaggeration. But what about the benefits of fracking? Is it possible that fracking is actually good for the environment and economy? […]

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April 29th, 2015 by admin 0

Crude oil prices rose on Wednesday after news U.S. crude stocks increased less than expected last week and inventories at the oil hub at Cushing, Oklahoma, declined for the first time since November, suggesting an oil glut may be beginning to ease. U.S. crude inventories USOILC=ECI rose 1.9 million barrels last week, compared with analysts’ […]

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April 27th, 2015 by admin 0

Natural gas futures fell on Monday to trade at their lowest level in almost three years, pressured by expectations that U.S. production may soon start to rise just as demand for the energy source slows in the so-called off season. Oil futures, meanwhile, traded a bit higher, holding ground above $57 as turmoil in Yemen […]

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April 22nd, 2015 by admin 0

Oil prices rose on Wednesday after the U.S. government’s Energy Information Administration (EIA) reported a decline in U.S. production. Brent crude for June delivery LCOc1 was up 66 cents at $62.74 a barrel by 1358 GMT, after touching an intraday low of $61.39. U.S. crude for June delivery CLc1 was up 20 cents to $56.81 […]

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April 21st, 2015 by admin 0

Fundamental changes in supply and demand have caused seismic shifts in the economics of oil and gas exploration and production. To understand how those changes will impact investors, it’s important look at how the drivers of the industry have changed. Supply and Demand For decades, oil prices were set by cartels like OPEC. But huge […]

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April 21st, 2015 by admin 0

Industry leaders at the World Economic Forum on East Asia have said they expect oil prices to rise further. The leaders, meeting in the Indonesian capital, Jakarta, said the long-term view was that demand for oil is growing. Oil prices are around their highest levels for the year. The price of Brent crude was at […]

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April 17th, 2015 by admin 0

Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by Yemen and the prospect that lower prices are starting to curb U.S. shale output. At 1509 GMT, […]

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April 15th, 2015 by admin 0

U.S. oil closed at its highest level of the year on Wednesday after a lower than expected build of crude oil stocks in the United States. U.S. crude oil futures closed up $3.10, or 5.8 percent, at $56.39 a barrel. That was the highest closing level since December 23, and its fourth best day for […]

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April 13th, 2015 by admin 0

US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators. The IHS Energy Analysis of Drilled, but Uncompleted Wells in the Eagle Ford […]

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April 7th, 2015 by admin 0

Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil. U.S. job openings surged to a 14-year high in February the Labor Department’s monthly Job Openings and Labor Turnover Survey (JOLTS) said, helping erase oil’s […]

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April 6th, 2015 by admin 0

Oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing. Brent crude’s rally followed Thursday’s nearly 4 percent tumble after Iran and six world powers announced a framework agreement […]

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March 27th, 2015 by admin 0

A 60-year-old record was broken in 2014 as oil production in Colorado reached a preliminary total of nearly 83 million barrels, and the new mark is likely to stand for a while. The center of Colorado’s oil boom is Weld County, just north and east of Denver, where horizontal drilling and hydraulic fracturing have opened […]

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March 26th, 2015 by admin 0

As early as the 16th century, explorers noted oil slicks off the coast of California. By the early 1800s, oil extracted from shale deposits was being used in medicines and as a lubricant for machinery. Refined into kerosene, it began replacing more expensive whale oil as fuel for lamps. Most oil was extracted from water, […]

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March 25th, 2015 by admin 0

Brent crude oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business morale in the euro zone’s top two economies. The euro was up 0.6 percent against the dollar, the currency in which crude oil futures trade. The dollar lost 0.5 percent against a basket of currencies, making […]

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March 24th, 2015 by admin 0

The number of oil and gas drilling rigs in operation in Colorado continues to drop amid low energy commodity prices, and planned capital spending by energy companies also is on a downward trend. A report Monday from IHS Global Insight — a unit of Douglas County-based global analysis company IHS Inc. — says the rig […]

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March 22nd, 2015 by admin 0

Oil futures made a sudden turn higher Tuesday, with analysts attributing the bounce to technical price triggers, expectations for a weekly decline in U.S. crude supplies and a U.S. plan to help Europe defend against security threats, which highlighted U.S. tensions with Russia. August crude CLQ5, +1.37%  tacked on 56 cents, or 0.9%, to $60.94 […]

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March 20th, 2015 by admin 0

Reacting to oil and gas spills during the September 2013 floods that caused over $1 billion worth of damage, the Colorado Oil and Gas Conservation Commission set new rules for operations in flood plains. The rainfall and subsequent floods, described by some experts as a 1,000-year rain and a 100-year flood, caused spills of more […]

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March 19th, 2015 by admin 0

(Bloomberg) — In a world awash with cheap oil and plunging profits, one obscure corner of the energy business is shining brightly: the owners of storage tanks. While not nearly as famous as giant oil producers like Exxon Mobil Corp. and Royal Dutch Shell Plc, storage companies including Vopak NV, Kinder Morgan Inc., Oiltanking GmbH […]

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March 19th, 2015 by admin 0

It’s hard to believe that it has been over 50 years since Jed Clampett struck it rich when his hunting rifle accidentally went off and unleashed a backwoods gusher. Since then, rifles and shotguns have been replaced by more sophisticated methods of exploration and extraction, leading to an oil boom the likes of which haven’t […]

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March 18th, 2015 by admin 0

Oil futures held above $42 per barrel on Wednesday after government data showed inventories of U.S. commercial crude rose again, marking a 10th straight week of record builds. Stockpiles of crude rose by 9.6 million barrels in the week ending March 13, the Energy Information Administration reported. Total inventory stood at 458.5 million barrels, the […]

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March 17th, 2015 by admin 0

WASHINGTON, March 17 (Reuters) – Lifting a 40-year-old U.S. ban on crude exports would create a wide range of jobs in the oil drilling supply chain and broader economy even in states that produce little or no oil, according to a report released on Tuesday. Some 394,000 to 859,000 U.S. jobs could be created annually […]

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March 15th, 2015 by admin 0

U.S. oil futures slumped to the lowest level since March 2009 on speculation that record supply may start to strain the country’s storage capacity. U.S. crude inventories have increased to the highest level since at least 1982, according to the Energy Information Administration. Stockpiles at Cushing, Oklahoma, the delivery point for New York futures, reached […]

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March 12th, 2015 by admin 0

Brent oil futures rose above $58 a barrel on Thursday as the dollar weakened and Iraqi security forces battled Islamic State fighters in Tikrit. The dollar was down 0.47 percent against a basket of currencies, making dollar-traded commodities such as crude oil more attractive to holders of other currencies. “A slightly weaker dollar is helping […]

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March 11th, 2015 by admin 0

Natural Gas Production Since mid-2011, natural gas production has increased even though there are fewer natural gas-targeted rigs in operation. The U.S. Energy Information Administration, or EIA—in its “Short-Term Energy Outlook,” that was released in February 2015—reported that dry natural gas production is set to increase to 72.80 billion cubic feet, or Bcf, per day in […]

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December 10th, 2014 by admin 0

(Reuters) – A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday. New drilling technologies such as ‘fracking’ have unlocked an abundance of fossil fuels […]

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December 10th, 2014 by admin 0

Brent fell below $65 for the first time in more than five years as OPEC cut the demand forecast for its crude oil to a 12-year low. West Texas Intermediate dropped near $60 as U.S. inventories grew. Both benchmarks are more than 40 percent below their 2014 peaks in June. OPEC reduced its projection for […]

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May 11th, 2011 by admin 0

Oil prices recovered from a 6-year low in March to just over $60 per barrel on May 5 in response to falling U.S. inventories, which had reached the highest level in 85 years. Is this a sign that prices are due for a long-term recovery, or is it simply a swing of the pendulum? To […]

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