Barnett Shale oil and gas production a major economic contributor in the region

Posted on Tuesday, September 30th, 2014 at 7:16 pm    

Oil and gas production in the Barnett Shale has continuously been one of the top contributors to the North Texas economy, a study commissioned by the Fort Worth Chamber of Commerce revealed on Wednesday, September 10.

The study found out that each year, oil and gas drilling in the Barnett Shale generates $11.8 billion in revenue and $480.6 million in taxes for the North Texas economy. Even with a decline in the number of new wells drilled and a decrease in natural gas prices, the revenue generated from drilling and drilling-related activities has continued to rise due to more productive oil and gas wells, investments in infrastructures, and growing employment.

The oil and gas boom in Texas has been incredibly beneficial to land owners who have the option to sell their mineral rights. The Mineral Auction works with thousands of companies in order to provide you the best deal possible. If you’re planning to sell your mineral rights, consult with us first by calling (512) 698-2802 today.

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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