Oct. 20, 2017 – Oil & Gas Journal reports US rig count falls 15 units As rig counts drop royalty owners are feeling the pressure. Royalty owners that were hoping their interests would be drilled are seeing their dreams crumble simply because drilling rigs are not available. When leases go undeveloped or uncompleted due to … Continued
US rig count drops once again according to PennEnergy’s latest news. Many royalty owner are frustrated as leases began to expire due to lack of drilling rigs. $50.00 dollars per barrel or less is the new normal for oil. What this means for most royalty owners is smaller checks. Those checks that used to come … Continued
The overall US rig count has fallen again this week, marking the fourth straight week of declines. Baker Hughes’ calculation of active US rigs dropped 6 units during the week ended Aug. 25 to 940. Rigs drilling for oil fell 4 units to 759 rigs working, while those rigs targeting natural gas also declined 2 … Continued
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