Right now is the time to look into investing in oil and gas mineral rights. With the technology that has risen in the last decade or two, geologists and miners are able to extract even more gas from the ground from a place that was previously thought to be unable to ever be mined. Now with the abundance of natural gas coming out of the ground, the country’s energy independence is changing. Also changing is the way we claim ownership of natural resources. When oil came out of the ground a long time ago things were much simpler. Someone would claim it and that was the end of it. Now that we are dealing with drilling in shale reservoirs that span hundreds of miles, claiming ownership of one piece of land might not mean that you would ever see a profit because the gas could be extracted in another.
Because of the complexities involved with oil and gas mineral rights and royalties, there are professional partners like Legacy Income Properties that can help with every last detail. If you decide to invest in oil and gas mineral rights you should know a few things about the whole process. It is said by some that it is more environmentally responsible to drill for natural gas than oil, and that the whole extraction process is cleaner and “greener.” This extraction uses horizontal and directional drilling technology so that the natural gas wells impact the surrounding land far less than regular oil drilling, which goes straight down. With horizontal or directional drilling more than one well can be drilled off of just one well site, minimizing the amount of sites needed. The entire drilling process is also more energy efficient and gives off less noise pollution than oil drilling. Many drillers, investors, and others associated with this new industry project that shale gas will make up more than 50% of the country’s gas supply through the year 2020.
When you become a royalty owner in shale gas, you own a share of the hydrocarbons on your specific acreage, and this stays as it is whether the oil and/or gas is being produced now or in the future. This mean good news for you, because this provides substantial income potential and allows your investment portfolio value to grow with each new development in your shared acreage. If you are curious sooner, though, about the predicted value of your acreage you can always hire an independent engineering firm to report on the reserve value of the oil and gas. This is especially helpful if you are interested in selling a portion of your mineral rights, which is a great opportunity to see the benefits quickly of your worthwhile investment. Now is the time to get on board with domestic oil and gas drilling because it grows in size and multitude each day. Scientists and engineers are constantly working on new technology to make oil and gas extraction cleaner, safer, and more efficient than ever. So just imagine the increase in worth if this is the case. Hydraulic fracturing has already revolutionized the energy industry in the United States, so who knows what could be next.