While it has been a bull market for those selling oil and natural gas royalties, leases, and mineral rights, it has been a bear market for those selling rigs to operate in the Barnett Shale in Texas. According to RigData, the number of rig count in the Barnett Shale is at its lowest level in 12 years. It dropped to 18 last week. That is down from 23 rigs the week before.
For the United States, the rig count was unchanged across the nation.
That means there was an increase in other parts of the country. As reported in a recent article on this site, Range Resources is increasing its commitment to the Marcellus Shale in Pennyslvania. The national increase in rigs was for those seeking natural gas. Rigs going after crude oil fell by seven.
The slowdown in the Barnett Shale has not affected the price for energy interests, though.
Prices are high. The exchange traded fund for natural gas, United States Natural Gas (NYSE: UNG), is up more than 20 percent for 2014. Investors from around the world are buying up royalty interests and other oil and natural gas assets in Texas, Pennsylvania, North Dakota, and other American states. This investor interest could easily rise in the Barnett Shale, too. Clicking on this link will provide the information on how to get top dollar when selling.