US rig count drops, as oil climbs to $50

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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

US rig count falls 6 units to 940

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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

New Web Page Design

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The Taurus Corporation has updated our web pages to better assist our client.