Industry Cloud Provider Delivers one of the First Mobility Solutions for Oil and Gas A/P Workflow
DENVER, Dec. 10, 2013 (GLOBE NEWSWIRE) -- Oildex, the innovator of smart information management solutions for the oil and gas industry, is pleased to announce the release of Spendworks Mobile Approval, one of the…
Recently a GHS member asked a few pointed questions that demonstrate the frustration felt by anyone who has labored through deciphering their royalty statement only to discover they're being paid far less for their gas than the prices reported on TV.
Whole books can (and have) been written on the issues surrounding the payment and reporting of royalties, and this post is not intended to be as comprehensive. Rather, I hope this post will address some common and reasonable concerns…
Disclosures During Oil and Gas Lease Negotiations - Texas and Louisiana
The oil and gas industry has always been subject to booms and busts. Barnett Shale and Haynesville Shale lessors are recovering from their first “bust.” Their roller coaster ride started with oil and gas lease terms of $200/acre and a 1/8th royalty, up to $27,200/acre and a 1/4th royalty, and then back down to $500-$5,000/acre and a 1/5th royalty. In some cases, it seemed like the “going rates” changed…
This article discusses what generally happens from oil and gas lease (“Lease”) signing to royalty check arrival. Every situation is different and these steps may happen in a different order than listed below but all occur before the mineral owner (“Owner”) gets a royalty check. This article is based on Texas law but should be similar to the process in other states.
Divorce Pending: Can Natural Gas and Renewables Survive as a Couple? by Keith Mauck
The natural gas lobby has pinned much of its future hopes on the ability to serve as the "faithful partner" to renewable energy, primarily wind and solar. T. Boone combined natural gas with wind - before dropping the wind. A visit to the Natural Gas Aliance's website, and you find that they have staked their postions on the ability to wed natural gas… Continue
Don't know about you, but I've anticipated the day that Obama would speak to the issue of shale gas and now he has.
"The two Presidents announced the launch of a new U.S.-China Shale Gas Resource Initiative. Under the Initiative, the U.S. and China will use experience gained in the United States to assess China’s shale gas potential, promote…Continue
Did you know the Haynesville Shale was an unconventional gas source (unconventional meaning a gas that is more difficult to extract)? You had better know this by now. lol. In fact the Haynesville is 1 of 10 shale plays predicted to become mega-fields with ultimate production of at least 30 Tcf each. This is the subject of the DUG 2009 Conference and GHS Site member Austin Eudaly will be covering this conference for GHS. Be sure to touch base… Continue
Booths, exhibits, demonstrations and information sessions were the buzz inside the Shreveport Convention Center this past Friday for the first Haynesville Shale Expo that was held from 1:15pm to 7:00pm.
This HUGE event was hosted by the City of Shreveport and presented by The Shreveport Times and the energy companies -- Chesapeake, Devon, EnCana, Petrohawk and XTO. Regional Chambers of Commerce… Continue
Image courtesy of Chesapeake Energy
This First Special Report, ‘DRILL- BUILD- DEVELOP’, is mostly about how the drilling for our own Natural Resources is making a BIG Difference on local economies, Plus JOBS!!!
Let’s get started... Click out my full report…Continue
Added by AubreyJ on November 19, 2008 at 15:30 —
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More