Oil Leasing Numbers UNCHANGED.

Numbers don’t lie. Unless you fudge the numbers then numbers lie. In this case, Drilling Info says the numbers show oil leasing volume has remained constant even while rig counts has declined.

Drilling Info relied on this Texas specific information:

Eagleford:
• 86.5% Increase in Primary Term (37 mo. to 69 mo.)
• 16% Decrease in Royalty Interest (25% to 21%)
Permian:
• 17.9% Increase in Primary Term (39 mo. to 46 mo.)
• 13.1% Decrease in Royalty Interest (23% to 20%)

Shale Plays Media