Because of the proceeds it acquired from different overriding royalty interests, Breitling Energy announced on Friday, March 14, that it has enough funding to tap 900 wells and drill on more than 4,000 acres of land in various states across the U.S., including Texas.
This announcement came after the company made its discovery of oil in Taylor County, TX public. Breitling started its operation in Taylor on February 11, and has estimated that 40 to 50 barrels of oil are being produced each day by its wells at the Teaf #1.
More and more people are realizing the potential of gas production and mineral rights. If you own mineral rights and want to get the most possible money for them, our team at The Mineral Auction can help you sell them for the best price possible. Call (512) 698-2802 to learn more about how we can help you.
A woman had a few thousands of dollars’ worth of unclaimed property from mineral rights, an online report published on Wednesday, March 5 stated.
Julia Earnest got $3,600 of unclaimed property from the Denton County Administration Building for mineral rights she was never aware she had. This came after the Texas Comptroller’s Office granted Denton County Treasurer Cindy Brown’s request to send an unclaimed property expert in the county to personally meet Denton residents.
Mineral rights can be a sure source of income, and selling them can provide you with greater financial stability and freedom. Contact our team at The Mineral Auction if you want to learn more about selling your mineral rights for the best possible value by calling (512) 698-2802 today.
Shale gas production in Texas is thriving despite a slight decline in the global energy production, IHS Energy Senior Research Director Pete Stark stated in an online report published Tuesday, March 4.
The report stated that the discrepancy between the domestic and the global energy production has resulted in a booming U.S. energy production market. In one of CERAWeek’s meetings being hosted in Houston this week, Chevron Upstream Vice President said no one has expected the technological developments for shale gas production to happen so fast.
The unique success in the domestic shale gas production in Texas is driving a lot of mineral rights owner to sell their mineral rights. If you too are thinking of taking advantage to this energy boom, speak with our team at The Mineral Auction. Call us at (512) 698-2802 to find out more about how to sell your mineral rights for the best possible value.
An online report in the Dallas Business Journal revealed that Fort Worth-based Trinity East Energy has filed a lawsuit against the city of Dallas Thursday, February 16, over accusations that the city committed breach of contract, inverse condemnation, an unconstitutional taking, and fraud.
According to the lawsuit, the city of Dallas denied Trinity East its right to drill and to create a compressor station on the northwest border of the city despite the fact that the company paid the city $19 million for property leases in 2008. The company had bought the minerals from the city with the plan to drill for them.
The company demands recoup from the damages it has incurred. A total of $30 million has been invested by Trinity East to drill natural gas in the area, but its claim might become higher due to lost profits caused by the inability to sell natural gas.
Our team at The Mineral Auction is equipped with the knowledge and experience needed to guide you through the process of selling your mineral rights. Call us today at (512) 698-2802 to know more about how we can help you sell your mineral rights and get the best price possible.
A mineral estate, commonly referred to as mineral right, is a property right to mine, use, develop, sell, and profit from any or all of the minerals extracted from underneath certain pieces of land. These minerals include gas, oil, metals, ores, and other organic or inorganic materials that are part of the soil and can be found beneath the ground. However, materials such as gravel, limestone, sand, and subsurface water are not considered underground and, thus, are not part of the mineral estate.
The general rule that the mineral estate is dominant over the surface estate also applies to Texas. This means the mineral rights owner can:
- Use as much of the surface of land as reasonably necessary for mineral exploration and development
- Receive royalties
- Further convey rights
- Receive payments for drilling delays without terminating the lease
- Receive bonus considerations
Understanding the laws surrounding mineral rights can be extremely difficult without the aid of a mineral rights broker at The Mineral Auction. Call us at (512) 698-2802 to find out more about mineral rights and their potential revenue.