The Rush Is On To Sell Oil Rights In The Permian Basis!
March 17, 2017
The Permian Basin has recently become a hotspot for oil companies and property owners alike thanks to recent developments in this region in West Texas. As productivity escalates with improved drilling and fracking techniques being used to extract resources, interest in oil rights is skyrocketing right along with it. Major energy corporations are searching for oil rights for sale and quickly buying up land in their efforts to control significant portions of this resource-rich location.
A Wealth of Oil in the Permian Basin
Since oil and gas resources were discovered there nearly a century ago, the Permian Basin has been a desirable drilling location and is known throughout the world for having one of the largest deposits of oil and natural gas. Although production declined considerably during the 1980’s and 1990’s, improvements in drilling and fracking technology brought the area to life once again.
Holding its deposits in multiple layers of previously inaccessible shale, the area was again accessed about a decade ago using these improved methods. This in turn created a brand new land rush as the resources began pouring out once again.
Biggest Deals In History In the Basin
Access to these deeper deposits, which are now producing the most oil ever extracted from the region, has sparked a flurry of activity. Major energy corporations like Exxon, Chevron, and Noble Oil are closing some of the biggest transaction deals in oil history on land and oil rights within the region as values continue to rise. Simultaneously, smaller energy companies are taking advantage of the rush through the sale of oil rights in other areas in lieu of more promising ventures in the Basin.
Said to have a nearly endless supply of resources, land in the Permian Basin is a popular commodity today. Companies that previously sold off their interests in the area are hungry to buy back in as quickly as possible.
Great Opportunities for Oil Rights Owners
The benefits are also extending far beyond those that the big energy companies see. Many private owners of large plots who hold considerable oil rights for sale are benefiting as more energy companies are becoming interested in acquiring these rights. Since 2014, drilling rig numbers have dramatically increased in the Permian Basin, with many more planned for the near future as energy corporations acquire more property. For landowners and others who hold these valuable rights, this is turning into a very profitable time.
Oil rights are becoming more valuable by the day as the activity in the Permian Basin increases. For owners of oil rights for sale, there is more opportunity than ever before to negotiate a successful deal with motivated buyers. Those looking to sell oil rights and take advantage of the Permian oil rush should contact an experienced royalties company to assist them. With the right guidance and skilled negotiation, owners can greatly benefit from the sale of oil rights in the Permian Basin!
Have Oil Rights For Sale In The Permian Basin?
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