America’s drilling scene slowly recovering from the bust

Posted on Tuesday, May 26th, 2015 at 2:42 pm    

Although the past months have been rough for the oil and gas industry due to plummeting prices of oil, economists say the country’s oil drilling boom is slowly beginning to come back to life, Bloomberg Business reported on May 9.

The CEO of energy data provider Drillinginfo said the country’s rig count may increase to up to 1,300 if the prices of oil rise above $70 per barrel. The Permian Basin in Texas is projected to be the first area to recover from the bust. This is due to the multi-stacked production zones that allow players to drill oil at varying depths through a single well.

Evidence here and there suggests that the country’s drilling boom is not yet over, and selling your mineral rights upfront would enable you to get the most out of it without having to worry about fluctuating oil prices or the threat of a bust. To learn more about selling your mineral rights, consult with our mineral rights broker at The Mineral Auction by calling (512) 698-2802 today.

Recent Mineral Rights Posts

Jul
22
Understanding How Mineral Rights Work in Texas

Mineral rights are a complex and important aspect of property ownership in Texas. They refer to the ... Read More

Aug
31
Ownership of Mineral Rights: How do I know who owns the rights? How do I go about selling them?

If you are a property owner in an area that has precious resources like oil, gas, or minerals, you m... Read More

Jan
09
Who might buy your mineral rights

Selling mineral rights is much more different than selling most items or property. It goes further t... Read More

Ready to get started? Call us today - (512) 698-2802