America’s policies regarding mineral rights favor the property owners by giving them the right to do what they will with the resources on their land. This has been great for Texas land owners, as our state has had a rich history of mineral production since 1869. Approximately two thirds of Texas actively produces oil, and the state actually produced about 35% of the country’s overall oil output in 2013.
When a new reserve of minerals is discovered on land in Texas, the current owner of that land automatically comes into possession of the full rights to all the minerals that may be found there. Only in instances where previous property owners retained surface or mineral rights will a current owner not be given possession of these rights. Records of mineral right ownership are kept in local county clerk’s offices and available to all upon request.
There have also been many cases where landowners were not aware that minerals existed on their property until oil and gas companies brought it to their attention with inquiries and monetary offers.
If you are looking to sell your mineral rights in Texas, the professionals at The Mineral Auction can help you find buyers and secure the best deal available. Call us at (512) 698-2802 today to learn more.
Land ownership in Texas is divided between the mineral estate and the surface estate, according to the Railroad Commission of Texas. Considering the widespread development of oil and gas properties in Texas over time, the two estate properties are usually owned by different people. The division happens when the surface estate is sold and the mineral rights are retained by the owners. There are cases in which the owner sells mineral rights but keeps the surface, but it is considered a rare occasion.
Mineral estate is dominant under the Texas law, which generally means that the owner may freely use the surface to access the mineral property, depending on the lease or the deed involved. However, many cities have ordinances that restrict oil and gas activities on the properties within the city’s jurisdiction.
If you are considering selling mineral rights in Texas, our qualified representatives at The Mineral Auction are ready to work on your case and alleviate the burden of finding a trustworthy buyer. Call us now at (512) 698-2802 to learn about our unique approach.
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.
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.
Despite a significant fall in crude oil prices in the second half of 2014, the United States was still the world’s undisputed biggest producer of oil and natural gas hydrocarbon last year, the Climate Spectator revealed on April 9.
The report said the boost in production was due to the country’s aggressive exploration and drilling of shale gas and tight oil formation, specifically in the states of North Dakota and Texas. The country was able to boost its petroleum production by 3 quadrillion British thermal unit (Btu), or 1.6 million barrels per day, and its natural gas production by 5 quadrillion Btu, or 13.9 billion cubic feet per day.
On the other hand, petroleum and natural gas production in two other competing countries, Russia and Saudi Arabia, has remained unchanged for several years.
The country’s impressive oil and natural gas production further testifies that you can get the most out of your mineral rights by selling it today. To learn more about getting the highest possible value for your mineral rights sale, speak with our team of mineral rights brokers at The Mineral Auction by calling (512) 698-2802 today.
Hillcrest Resources Ltd. announced that on December 19, it completed the purchase of Texas-based Gulfsands Petroleum USA, according to a press statement published by the Marketwatch on January 20.
The purchase caused Hillcrest’s production to increase by approximately 171 barrels of oil per day (bopd) and 420 thousand cubic feet of gas per day. The company also said that apart from increased oil and gas production, it identified four new infill drilling locations and also continued their well re-completion and maintenance projects.
The newly-sealed deal also relocates Hillcrest’s main office to Houston,TX. According to Hillcrest CEO and Chairman Don Currie, the change of address would move their headquarters to a location nearer to their production facilities and would also streamline administrative responsibilities and operations.
Major players in the oil and gas industry are switching to their newest location of interest – Texas. If you want to take part in this economic boom by selling your mineral rights, speak with our team of mineral rights brokers at The Mineral Auction by calling (512) 698-2802 today.
Anadarko Petroleum Corporation is partnering with New York-based private equity firm KKR & Co. in a bid to develop its acreage across East Texas, Bloomberg reported on October 29.
An investment of $442 million has been provided by the KKR & Co. to fund the drilling of more than 500 oil and gas wells in the Eaglebine field, an oil- and gas-rich region northeast of Houston. A University of Houston lecturer on energy economics said the joint venture will help Anadarko expedite oil and gas drilling activities and secure its leased lands without having to lose much of its own funds.
An ever-increasing volume of investment in oil and gas sector means a robust public and business confidence in the industry. If you are planning to take part in the oil and gas boom in Texas by selling your mineral rights, consult with a broker at The Mineral Auction by calling (512) 698-2802 today.
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.
By the end of 2014, Texas could outrank all OPEC member countries, other than Saudi Arabia, in terms of oil production, the Houston Chronicle reported Wednesday, April 23.
Greg Leveille from ConocoPhillips said that by the end of this year, Texas could produce 3.4 million barrels of oil each day, out performing every OPEC member-country except Saudi Arabia. The state’s oil output is also expected to top that of several leading oil-producing non-OPEC countries, except Russia, the United States, China, and Canada, which could make Texas the sixth largest oil producer globally.
The future of energy-rich Texas in the global energy market is indeed bright, and we at The Mineral Auction invite you to take part in this boom. If you are planning to sell your mineral rights, contact us at (512) 698-2802 to sell your rights at the best possible price.