A group of mineral right owners have recently banded together to sell their oil and gas interests in Wyoming. Furthermore, these mineral owners plan to hold a public auction in September to sell them to potential producers/operators.
Many companies are looking at leasing Wyoming land because of speculation that new drilling techniques could cause the [...]
As if BP’s troubles were not enough, The U.S. Department of Interior recently fined BP $5.2 million as a civil penalty for submitting “false, inaccurate or misleading” reports regarding natural gas production on Southern Ute tribal land in southwestern Colorado.
The fine also represents the first fine ever given from the Bureau of Ocean Energy Management, [...]
On an off topic note, apparently people have begun selling their mineral rights through eBay. We have taken a snapshot of the listing, as it will most likely expire very quickly.
If you are interested in selling your mineral rights, you can contact us for a free bid request and save the time and hassle of [...]
On march 29, 2010, the Norwegian based Statoil ASA reported that it had acquired an additional 59,000 acres in the Marcellus shale gas area of Pennsylvania. The acreage was bought from U.S. based Chesapeake Energy Corporation and the total deal cost was approximately $253 million at $4,325 per acre.
Statoil had already bought the rights to approximately 600,000 [...]
Its been reported that Earth Search Sciences, Inc. is set to drill in an oil shale gasification site located in the Green River Formation, near Rock Springs, Wyoming. The Green River Formation spans Colorado, Utah and Wyoming and is projected to contain more than 1.2 trillion barrels. The mineral rights of this drill site are controlled [...]
In a press release dated March 29, 2010, Meridian Resource Corporation announced the preliminary results of a 17,340′ test well drilled in the Eagle Ford shale play located in Karnes County, Texas.
This information indicates that the well, which was first tested on March 10, 2010, has been testing continuously since March 14, 2010 on a [...]
On March 29, 2010 Eternal Energy Corp. announced that they would sell approximately 700 net acres of North Dakota petroleum assets to Rover Resources, Inc., which is a wholly owned subsidiary of Ryland Oil Corporation.
The sale of the North Dakota oil and gas interest is for $1 million and includes a 10% working interest. To learn more, [...]
Southwestern Energy Co., headquartered in Houston, TX, has for the first time entered the Canadian oil and gas market in a deal estimated to be approximately $46.9 billion. The company bought oil and gas exploration rights to a large chunk of land in the Canadian province of New Brunswick, which has enormous shale gas [...]
In March 2010, Pennsylvania oil and gas royalty owners in Susquehanna County lost a lawsuit that challenged the “net-back method” where gas companies pay royalties after deducting one-eighth of the cost of bringing the gas to market. The court also rejected landowner claims that gas companies might inflate post-production costs to drive down royalty payments. The [...]
Two Pennsylvania oil and gas groups have merged in an attempt to provide a unified industry voice for the PA oil and gas industry. The Pennsylvania Oil and Gas Association, which traditionally represented oil and mineral producers, and the Independent Oil and Gas Association of Pennsylvania, whose roots are tied to the natural gas business, have merged to become [...]
News from the blog
- Wyoming Based Niobrara Shale Mineral Rights Owners Plan To Auction Off Oil & Gas Royalties
- BP Slapped With $5.2 Million Fine For Colorado Royalty Mistakes
- Selling Mineral Rights on eBay?
- Statoil ASA Acquires Another 59,000 Acres In The Marcellus Shale
- Earth Search Sciences Set To Drill In Green River Formation
