In what is good news for selling oil and gas royalties, mineral rights, leases, and other energy interests in the Barnett Shale and other areas such as the Fayetteville Shale and Marcellus Shale, energy expert Daniel Yergen expects a double digit increase in spending.
The exact quote by Yergen was, "“North American oil companies are going to increase their spending by 25 percent in 2017 compared to last year. The increase reflects the magnetism of U.S. shale."
That is welcome news for all in America, not just the Barnett Shale as it is located in Texas. Yergin spoke at a conferene that provided much bullish oil and gas news. This helps much of the country now, not just traditional oil and gas areas like Texas and Oklahoma. The Marcellus Shale is in Pennsylvania. The Bakken Shale is in North Dakota. The Utica Shale is in Illinois. All will benefit from increased spending.
Based in Texas, it is even more good news for the Barnett Shale.
Texas has the history in oil and natural gas production. Selling gas and oil mineral rights, royalties, leases, and other energy holdings has done much for state. Bullish news for areas like the Barnett Shale is welcome.
This video provides the information on how to get top dollar when selling.