Thanks to the state’s current energy boom, Texas has outranked almost all countries in the world when it comes to natural gas production, The Daily Caller reported on May 29.
With 18.1 billion cubic feet of natural gas being produced every day, Texas falls behind only Russia and the entire United States in terms of natural gas production. A graph released by the American Petroleum Institute also showed that the Lone Star State managed to outplay all member-nations of the Organization of the Petroleum Exporting Countries (OPEC), including Saudi Arabia and Algeria.
Texas as the forefront of natural gas production only means that the best time to get the most out of the energy boom is today. If you are planning to sell your mineral rights, our team of mineral rights brokers at The Mineral Auction has the resources and the experience to help you sell your rights at the best possible price. Call us at (512) 698-2802 today.
Houston-based midstream energy services provider Enterprise Products Partners LP has announced it will purchase the Eagle Ford Shale Midstream system (EFS Midstream) of Dallas-based Reliance Industries Ltd. and Mumbai-based Pioneer Natural Resources Co. for $2.15 billion, Bloomberg Business reported on June 1.
According to the agreement, Enterprise will pay the sellers in two installments. $1.15 billion will be paid upon the deal’s closure, while the remaining $1 billion will be paid 12 months after the closing. EFS Midstream is a provider of services in the petroleum industry’s midstream section, which comprises transportation, storage, and marketing of petroleum products. EFS Midstream is currently operating in the oil-rich Eagle Ford region.
The rising number of petroleum industry players who want to expand their business portfolio indicates how promising the energy sector is today and in the near future. If you are a mineral rights owner in Texas, selling your rights upfront would enable you to benefit from this current energy boom. To learn more about selling your mineral rights, consult with our team of mineral rights broker at The Mineral Auction by calling (512) 698-2802 today.
