Permian Basin: A remarkable natural gas and oil discovery

Posted on Monday, September 12th, 2016 at 9:50 am    

Oil and gas exploration company Apache, based in Houston, Texas, announced on Wednesday, September 7, that it has made a remarkable discovery in West Texas’s Permian Basin – roughly 75 trillion cubic feet of natural gas and over 3 billion barrels of oil.

The new field is situated on the southern side of the Delaware Basin, basically in Reeves County, south of New Mexico. The field is called the “Alpine High” because it is near the Davis Mountains. In effect, it’s discovery and development have increased Apache’s estimated capital spending this year to about $2 billion.

The company has pieced around 307,000 acres at around $1,300 per acre and has drilled 19 wells in the Woodford and Barnett. Apache expects to deliver a combined $4 to $20 million per well, where $3 covers each cubic foot of natural gas and $50 covers each barrel of oil.

“… as we focused on organic growth opportunities. These efforts have resulted in the identification of an immense resource that we believe will deliver significant value for our shareholders for many years,” said John J. Christmann IV, Apache’s President and Chief Executive Officer.

If you own property that has deposits of minerals or oil, you may be interested in selling the rights to those minerals. Contact The Mineral Auction at (512) 698-2802 to learn more about the benefits.

Applied LNG reaches financing deal with Texas Capital Bank

Posted on Wednesday, February 11th, 2015 at 4:40 pm    

Applied LNG closed a $22.5 million deal with Texas Capital Bank to finance the construction of a liquefier to process liquefied natural gas (LNG) at their LNG plant in Midlothian, TX, the San Fernando Valley Business Journal stated on February 2.

The liquefier is the first of six the company plans to construct on the 31-acre facility just south of oil and natural gas-rich Dallas-Fort Worth. The liquefier, which is expected to be completed mid-year, will increase the company’s LNG production. It is also expected to provide the South, the Midwest, and the Eastern seaboards with their needed LNG supply.

Applied LNG Chief Executive Cem Hacioglu said in a statement that the company’s partnership with Texas Capital Bank is a testament to the company’s stability and its growth potential in the oil and natural gas sector.

The continuous investment in LNG exploration and drilling proves that the oil and natural gas boom in Texas is far from over. If you want to take part in this upward economic trend, sell your mineral rights today by consulting with our mineral rights broker at The Mineral Auction. Call us at (512) 698-2802 today.

Lawyer offers advice on mineral rights negotiations

Posted on Thursday, June 19th, 2014 at 3:50 pm    

A lawyer and Texas A&M assistant professor shared her knowledge about how to protect one’s surface property during mineral rights negotiations at the Grayson County courthouse on June 12, Fox Texoma reported.

In light of a burgeoning oil and gas industry in the state, the lawyer, assistant professor and extension specialist at Texas A&M Tiffany Dowell offered residents valuable tips to protect the surface estate during oil and gas leases. She advised landowners to ensure the inclusion of detailed rules on a lease to specify how the surface land should be used. If not, oil and gas companies can take advantage of the contract and not respect the land.

She further stated that consulting with an attorney before coming to an agreement with the oil company is a good way to protect landowners’ interests.

Whether you are trying to sell or lease your mineral rights, our team at The Mineral Auction is here to help you make an informed decision. To seek assistance, call us at (512) 698-2802 today.

Oil well purchases greatly increase Paradigm Oil and Gas production

Posted on Monday, June 9th, 2014 at 3:40 pm    

Oil and gas service provider Paradigm Oil and Gas Inc. announced its acquisition of 50 new oil wells in Texas, thereby expanding their reach into oil and gas production, SYS-CON Media reported on June 2.

In a press statement, the company said more than 20 of the 50 newly acquired oil wells are already producing oil and yielding income. The purchases cover about 4,000 acres of land in the Houston and Dallas areas, obtained by acquiring the leases previously held by Bitter Creek Petroleum, Blackjack Services, and Magnum Oilfield Services.

Paradigm Oil and Gas CEO Vince Vellardita said that with its increased production capability, the company expects to earn a six-digit monthly revenue by the last quarter of this year.

Our highly resourceful and knowledgeable brokers at The Mineral Auction help mineral rights sellers in Texas take advantage of the state’s current energy boom and may also help you. Call us at (512) 698-2802 to learn more about how we may assist you in finding the right buyer.

The promising future of shale gas production in the U.S.

Posted on Thursday, May 22nd, 2014 at 6:18 pm    

In 2011, the U.S. Energy Information Administration (EIA) stated that the country produced 23 trillion cubic feet of natural gas, which accounts for 95% of the nation’s overall natural gas consumption. In 2040, the EIA hopes that the U.S. produces 33.1 million cu. ft. of natural gas, a 44% increase in the country’s overall natural gas production.

The projected increase in the country’s natural gas production is primarily caused by booming shale gas production. Shale is a type of sedimentary rock rich in natural gas and petroleum. Furthermore, this rock formation is very common in many parts of the country, including Texas.

At The Mineral Auction, we assist Texas residents in making the most out of this thriving natural gas industry by helping them sell their mineral rights to prospective buyers for the best possible value. You may reach us anytime by calling (512) 698-2802 if you want to learn more about our services.

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