The success of the oil and gas industry should speak for itself. And the result however, has been very low product prices. As mineral owners, we know that the trade-off is there are a lot more mineral owners sharing a lot more royalties, but to recognize that when prices fall by 50%, our income follows. Unfortunately, it often… Read More »
The notion that the pain will end soon, and prices will not so much stabilize as to see costs go down is a pipe dream floated by true “believers” not serious students of the oil business. There is an idea that you will see the cost of frac’cing and drilling go down to meet the prices imposed upon… Read More »
Pretty clearly, the Iran deal means more crude is coming on line. That is going only rile up the Middle East as it cuts into Iraq, Kuwait, and Saudi Arabian incomes…not to mention Russia. And as such it seems that we are on course for a multi year, if not decade long process of deflationary oil prices and… Read More »
When you get a mineral appraisal the appraiser needs all the info they can get. The more the merrier. And it needs to be organized. I basically cannot deal with a huge banker box of unsorted check stubs, often duplicated, etc. Organize the information. This is what I need. A LEGAL DESCRIPTION of the property being appraised. That… Read More »
There is good news and bad news. The good news is that wells decline very rapidly and the glut of oil production will evaporate rather quickly. The bad news is that there is so much associated gas I suspect T. Boone Pickens (who is in his 80s) comment that he expects to see $6 gas in his lifetime…well,… Read More »