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Oil’s Record Production Fall
An Oil Production Fall for the Record Books
From March to July 2020, United States crude oil production fell from 13 million barrels per day to 10.5 million. This decrease in production helped...
What is Rig Count and Why Does it Matter?
If you are a mineral rights owner and follow the oil and gas industry, you have likely heard references to "rigs" and "rig count". But, what exactly is a rig and why is rig count an...
What is a Shut-in Well?
A shut-in well is one that could otherwise be productive, but is not producing for some reason. The three most common reasons a well is shut-in are:
Low commodity pricesRequired well maintenanceNearby drilling...
The Types of Mineral Ownership
Mineral rights give the owner the right to exploit underlying resources. Most people do not have the means to extract these resources by themselves, so they instead choose to lease the rights to someone who does....
Understanding Paystubs: WTI & Local Oil Price
If you own producing mineral rights and look at one of your paystubs, you may notice that the price your oil sold for is considerably different than the price of oil you hear quoted in the news....
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What is Rig Count and Why Does it Matter?
If you are a mineral rights owner and follow the oil and gas industry, you have likely heard references to "rigs" and...
