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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