Bloomberg’s interactive map of US oil rigs shows decline across the country
Tuesday, March 1, 2016
Bloomberg published an interactive map of U.S. shale oilfields that shows the decline in rigs in all U.S. shale plays over the past five years. The map’s views can switch between counties and states as well as rig types.
Figures for total rig counts, oil prices and domestic crude production are also included in the data.
According to Bloomberg, the rig count is close to its lowest level since Baker Hughes began to keep rig count records in 1940.
Read more: Bloomberg > Watch five years of oil drilling collapse in seconds
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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.
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.