Drilling activity continues to increase in US
Wednesday, February 23, 2022
The U.S. rig count increased by double-digit figures for the second week in a row, according to the latest total from Baker Hughes Co.
The U.S. rig count increased by 10 — six natural gas-directed rigs and four oil-directed rigs — during the week ended Feb. 18, propelling the total to 645, according to Natural Gas Intelligence. The recent jump follows a 22-rig surge the week prior.
The 645 active U.S. rigs represent an increase of 248 rigs year-over-year, according to Baker Hughes data.
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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.