Why Texas is the best place to be for oil exploration and production
Posted on Monday, March 2nd, 2015 at 3:39 pm
Over recent years, Texas has been among the most attractive places to explore and invest in petroleum, coal, oil, and natural gas. Investors and other major players in the energy business continue to eye the state as a place where the energy sector’s full potential for growth and revenue could be realized.
Rich energy reserves are Texas’ greatest comparative advantage. According to the U.S. Energy Information Administration (EIA), Texas has the highest crude oil reserve in the country, and is also its number one producer. The EIA added that nearly a third of the top 100 gas-producing fields in the country are located in Texas. When it comes to coal production, Texas ranks first among the largest producer of lignite, a type of coal used to generate power.
These are just a few of the many reasons why investors continue to capitalize on Texas’ energy sector. If you want to take part in this economic trend by selling your mineral rights, our team of mineral rights brokers at The Mineral Auction can help you make the most out its value. Call us at (512) 698-2802 to know more about our services.