EIA: Crude prices to average $82 per barrel through end of 2021
Monday, November 15, 2021
Brent crude oil spot prices are expected to remain consistent with current levels through the end of the year, according to the Energy Information Administration.
After averaging $84/bbl in October, prices are expected to settle around $82/bbl through the end of the year.
As production growth begins to outpace global consumption, EIA expects prices to drop to an average of $72/bbl in 2022.
Learn more: Natural Gas Intelligence > Global Crude Oil Prices to Average $82 to Year’s End and $72 in 2022, EIA Says
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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.
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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.