According to a study by the University of Texas at San Antonio the Eagle Ford Shale had a financial impact of $61 billion and supported 116,000 jobs across a 20 county swath of South Texas last year. The Cline Shale field in the area of the Permian Basin is by some estimates reported to be even larger. Experts are now reporting that there are potentially 10 shale oil and gas fields in Texas. Production of oil and natural gas from shale in Texas began with the development of natural gas and oil wells in the Barnett Shale in the Dallas-Fort Worth area in 2007. Oil and natural gas production has historically been a significant contributor to the economy of the State of Texas and it appears that that economic impact will increase for several years.
Normally, the mineral owner receives a lease bonus that is paid when the lease is signed and monthly royalty payments that are based on a percentage of the monthly production and current well head price. It is not necessary to own large tracts of land to receive the benefits of royalty ownership. In the early days of the Barnett Shale, large numbers of residential property owners in the Dallas-Fort Worth metroplex were signing lease agreements on their residential property for inclusion in production pools, some of which are still producing royalty payments. In addition, a mineral owner does not have to own 100% of a mineral property to receive the benefits of royalty ownership. What the mineral owner needs is information regarding the current offers within the applicable mineral field and access to the advance personnel known as land men for the leasing and drilling companies.
We have developed an interactive web application that is designed to give land and mineral owners the opportunity to educate themselves about the opportunities in specific areas and give them the access to the land men that are writing leases for their area. If you own mineral interests in Texas and are interested in making money by leasing the minerals from those interests, list your properties on www.landandmineral.com today.