Domestic Oil Production vs. Shale Gas

The whole country is on the edge of their seat as we await this year’s presidential election. With a new president entering the Oval Office, what will this mean for America’s oil industry? We’ve broken down some of the candidate’s views to help you get an idea of where the oil industry might be headed.

Trump – Donald Trump has made his opinion on fracking very clear over the years and his track record shows that he is Pro-Fracking. He has strong beliefs that America should invest in domestic oil production and ditch international dependence.  Trump has also stated that “oil is America’s lifeblood”. He hasn’t made it clear what actions he would take if elected into office.

Clinton – Hillary Clinton’s views on domestic oil has fluctuated but her support for extracting natural gas has remained the same. Clinton is strongly motivated to make a difference in the fight on climate change and has expanded her views towards drilling for shale gas. Will this mean Clinton will crack down on fracking and trade domestic oil production for shale gas?

As of now the future of oil in America is unclear. Stay tuned for November results.

For more information on oil royalties visit Klamathoil.

Photo by © OTC/Rodney White 2015 

Earlier this month, oil enthusiasts from all over the world flocked to the Offshore Technology Conference held in the heart of the oil industry Houston, Texas.

The conference was packed with more than 2,600 companies represented through exhibits. The mission of OTC has always been to share ideas, build business partnerships, and make critical decisions regarding the industry.

OTC 2016 featured panel sessions, keynote presentations, speakers from national and international oil companies, training courses, and more. Awards were presented to distinguished individuals for their achievements and given to new innovative technologies to produce offshore resources.

Those were just some of the highlights of the 2016 Offshore Technology Conference. For additional information on mineral resources contact Klamath Oil.

If you are not quite on board for selling your mineral royalties but want to maximize on your royalties’ interest than leasing might be the right path for you. This can lead to building partnerships and business within the industry for years to come.

It is important to know and speak the right language when it comes to negotiating a lease. It can protect you and other mineral owners in the chance that a well is drilled.

Klamath Oil does all of the hard work for you, conducting all the research needed to get you the best deal possible.

Put your worries aside, Klamath Oil & Gas negotiates on your behalf. Contact Klamath to start the process today 817.304.4456.

Selling oil and gas royalties can be an overwhelming process, Klamath is here to help. See our tips to follow to get the maximum value out of selling your oil royalties:

1. Don’t make hasty decisions – people often make the mistake of rushing a sale as soon as someone becomes interested. Take your time, weigh your options, and survey several offers before deciding who to sell to.
2. Understand the Value of Your Royalties – the most important thing is to understand the value of your royalties before you sell them, in order to get your ultimate return of investment.
3. Beware of Bad Buyers – Sadly, people are out to scheme and take advantage of uneducated sellers so beware of buyers that present really low offers, give you little time to decide, or if they want a really slow closing.
4. Taxes – Make sure to consult your accountant because selling royalties can have tax consequences, this will help you to avoid overpaying in taxes.
5. Timing of Sale – the price of oil and gas is constantly changing, so the timing of your sale will impact how much you receive.

If you have any questions or concerns on selling, Klamath Oil can help, contact them today!