“Five brothers” versus “seven sisters”
More than half a century ago, five major oil producing countries – Iran, Iraq, Venezuela, Kuwait and Saudi Arabia – agreed to work together to deprive seven transnational companies – Exxon, RD / Shell, Texaco, Chevron,…Continue
Added by Shon Mattox on April 19, 2016 at 10:04pm — No Comments
I began getting offers for my land a few years back. I had spoken with friends of mine who had also received offers and decided to lease their property out well "the getting was good". I wanted to take a different approach. I wanted to hold out as long as possible (after all the price can only go up right?).
To make a long story short, the well that was in my area turned out to be a fluke and my mineral rights are worthless now. I could have been a couple hundred grand richer, but I…Continue
By Keith Mauck
Today's headlines are fearsome. Yet amid the bad news, there is hope for greater U.S. security through energy.
Gone are the days of stressing over OPEC and oil-supply disruptions; that 40-year nightmare is over. Today, we're experiencing an oil and natural gas boom that promises to strengthen the country.
Rising U.S. crude production generates huge economic benefits. Oil…Continue
Added by Keith Mauck (Site Publisher) on February 9, 2016 at 11:30am — No Comments
Here is an Action Plan from Texas for when your O&G Purchaser (Producer) files for Chapter 11. It might help you develop an action plan for your state when you stop receiving Royalty checks. The oil and gas will more than likely continue to be taken free.
Texas Land And Mineral Owners Association
WHEN YOUR OIL & GAS PURCHASER GOES BROKE
A Royalty and Mineral Owner’s Perspective and Action Plan for When
You Receive Notice from the United States Bankruptcy…Continue
Added by Ron Hale on February 12, 2016 at 3:26pm — No Comments
As upstream continues to face a challenging operating environment and opportunities open up in other segments of the industry, we've seen this question asked over again - whether on Linkedin or within our…Continue
Added by Doug Stetzer on March 1, 2016 at 3:42pm — No Comments
We own a tract of land that has had a gas lease since the middle 70's. It was renewed and had a Coal Bed Methane Lease added to the original along with modifications to the original gas lease in 2008. We conducted an audit in 2014 that actually did not start until 2015. Much to our surprise we found the lease had been totally mismanaged, and the terms of the lease were not being followed. Things such as royalties were being paid to the wrong person, Deductions were being taken that…Continue
Oil companies are hemorrhaging money. The oil market is in its worst downturn in decades. The price of oil has plummeted 72% since June 2014. Oil is trading below $30 a barrel for the first time since 2003.
If you’ve been reading the Dispatch, you know the world…
Added by The Crude Oil Trader on February 5, 2016 at 11:19am — No Comments
New Feature: Compare your prices!…Continue
Added by Keith Mauck (Site Publisher) on February 1, 2016 at 11:00am — No Comments
According to Marcellus Drilling News, Noble Energy - a major player in the Marcellus/Utica, has announced plans to cut dividend payments for its common stock by 44%. In addition, they will also be lowering their 2016 Capex by 50%, meaning less drilling and completion activity will take place in 2016 than we saw in 2015.
This move, however, is not unique to Noble Energy. Over the last several weeks we have seen many operators such as Chesapeake and Rex Energy suspending stock…Continue
Added by John Sabia on January 29, 2016 at 11:02am — No Comments
Here’s what you need to look for when signing a lawyers contract. I’ve seen a few of these including the TV Lawyers contracts that advertise “You Don’t Pay If We Don’t Win”.
A lawyers’ contract should be short and concise since lawyers write contracts as part of their daily work and they have been trained in the art of writing contracts. There should be no need to interpret what they have written.
When looking for a lawyer take a copy of their contract home and read it…Continue
Added by Ron Hale on November 13, 2015 at 9:20am — No Comments
Added by The Crude Oil Trader on January 4, 2016 at 11:41am — No Comments
"So, when drillers elsewhere were getting maybe $2.75 per mcf for their gas, in Ohio: “On July 4, I saw Utica gas sell for 64 cents,” said Ohio Oil and Gas Association executive vice president Shawn Bennett in a recent interview.
To be fair, that’s a strikingly painful price, even for the Utica. But that same day in mid-July, Bennett looked up the price of Utica gas while the Henry Hub price was $2.80, and found that Ohio drillers were only getting about $1.12 for their gas. That’s…Continue
US Department Of Justice http://www.justice.gov/contact-us
1) US Attorney General Lynch
2) Fraud FBI Corporate Fraud Hotline 888-622-0117
3) Report Other Fraud or Public Corruption
Call FBI Hotline 800-CALL-FBI (800-225-5324)
Breeze through the 49 pages of how & why Chesapeake is making ADJUSTMENTS to the Suessenbach Family LP Royalties. Hey, they are doing the same thing at Buck Well 1H. I'm sure this is limited to only a few wells......NOT!!!
IN THE UNITED STATES DISTRICT COURT
FOR THE MIDDLE DISTRICT OF PENNSYLVANIA
THE SUESSENBACH FAMILY
LIMITED PARTNERSHIP, JAMES S.
SUESSENBACH, and GINA M.
SUESSENBACH, individually and on
behalf of all…Continue
For the last 10 years, the oil industry in Iraq has been under intense pressure from jihadist insurgents and many leading oil producers were force to pull out of the region because of fears of safety for their workers, and the locals that lived in the areas according to Energy in Asia.
However, things have begun to change in the South of Iraq, especially in the oil-rich fields of North Rumaila which,…Continue
Added by Oil & Gas News on February 4, 2015 at 11:35am — No Comments
In researching this subject, I discovered a January 16, 2011 article featured in OilOnLine which provides an interesting alternative to conventional fracking techniques. Virginia based PDN Mountaineer, LLC announded that they have partnered with Utah based Purestream Technology in incorporating their Trilogy system to treat and purify wastewater from their Marcellus operations. Purestream claims to be able to alleviate the environmental impact of hydraulic fracturing by…Continue
Added by John H on November 17, 2014 at 3:36pm — No Comments
The Trenton Limestone:
The Trenton Limestone and accompanying Black River rocks are important in that they serve as the source for much or all hydrocarbon formation in the Appalachian basin. Generally speaking, the Trenton Limestone serves as a cap rock for the underlying Black River source rocks. Because it is not as thick here in Ohio, it has allowed hydrocarbons formed by the Black River group to migrate naturally into the Utica/Pt. Pleasant. To the East, in West Virginia…
Added by John H on July 22, 2014 at 1:17am — No Comments
Added by Bob Perkins on November 20, 2014 at 6:32pm — No Comments