Analysts hopeful for $50 crude in 2017

Analysts hopeful for $50 crude in 2017

Monday, August 15, 2016 by Katie Woods

Crude oil should average $57 a barrel in 2017, FuelFix reports.

According to the source, analysts predict that crude oil prices will rise to $49.50 by the end of the fourth quarter of 2016.

The price recovery will be gradual. The current slide in prices isn’t expected to last too long, even though it has fallen by more than 20 percent this summer. One analyst predicts U.S. shale production to drop early in 2017 before ramping back up over the next couple of years.

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Shale FAQ

What are mineral rights?

Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.

Will I get free natural gas if I allow fracking on my property?

Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.

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Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.