Barnett Shale oil and gas production a major economic contributor in the region
Posted on Tuesday, September 30th, 2014 at 7:16 pm
Oil and gas production in the Barnett Shale has continuously been one of the top contributors to the North Texas economy, a study commissioned by the Fort Worth Chamber of Commerce revealed on Wednesday, September 10.
The study found out that each year, oil and gas drilling in the Barnett Shale generates $11.8 billion in revenue and $480.6 million in taxes for the North Texas economy. Even with a decline in the number of new wells drilled and a decrease in natural gas prices, the revenue generated from drilling and drilling-related activities has continued to rise due to more productive oil and gas wells, investments in infrastructures, and growing employment.
The oil and gas boom in Texas has been incredibly beneficial to land owners who have the option to sell their mineral rights. The Mineral Auction works with thousands of companies in order to provide you the best deal possible. If you’re planning to sell your mineral rights, consult with us first by calling (512) 698-2802 today.