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Chesapeake shutting wells in

Heard from friend CHK has shut in some leases in west LaSalle County in the 469 area. Anybody else having their wells shut in. Rumor CHK ma…

Started by LEE W

1 Feb 28
Reply by Chaz

LaSalle County Activity

We have five wells on 1000 acres just west of Milet on FM 469 that is leased to CHK.  They recently notified us of their plans to drill fou…

Started by terry avey

7 Feb 20
Reply by terry avey

Pioneer to Focus on Permian

Pioneer Natural Resources Co. of Dallas plans to become a Permian pure-play operator this year by divesting of some Texas properties and ac…

Started by Keith (Site Publisher)

0 Feb 15

Finkhouse Unit in Karnes County

Does anyone know it there is anything going on at the Finkhouse Unit? December production was 1 barrel. Thanks

Started by Rick

5 Feb 13
Reply by Mark

Prices React to Rig Count

U.S. oil rigs hit their highest level since April 2015 while crude futures suffered their biggest weekly drop since January 2016 amid renew…

Started by Keith (Site Publisher)

0 Feb 12

Rig Count +29! Permian +10, Eagle Ford +3. Williston +4

Baker Hughes Rig Count: U.S. +29 to 975 rigs U.S. Rig Count is up 29 rigs from last week to 975, with oil rigs up 26 to 791, gas rigs up 3…

Started by Keith (Site Publisher)

0 Feb 9

Statoil: Oil to remain under $70.

Oil prices will likely be below $70 per barrel this year, as growing U.S. onshore production as well as rising production from conventional…

Started by Keith (Site Publisher)

0 Feb 8

U.S. Sells Oil in Middle East

The United Arab Emirates bought oil directly from the United States in December for the first time, according to federal government data,…

Started by Keith (Site Publisher)

0 Feb 8

Will Texas Oil Production Records Fall in 2018?

Still, he forecast that oil production in both Texas and the United States as a whole will break the previous records. For the Lone Star St…

Started by Keith (Site Publisher)

0 Jan 31

Permian Gains 18 Rigs

“There is a strong pick up in rigs, particularly in the Permian region, indicating somewhat of a cap on oil prices,” said Giovanni Staunov…

Started by Keith (Site Publisher)

0 Jan 29

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Cost Depletion: A Valuable Tax Deduction for Royalty Owners

Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments



Owners of minerals and royalties may be interested to learn that the Internal Revenue Code "IRC" allows a deduction known as “depletion” for oil & gas income. The depletion deduction could significantly reduce a royalty owner's…

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