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Such a condition is called a split estate. Once severed from surface ownership, oil and gas rights may be bought, sold, or transferred, like other real estate property. Ownership in the oil and gas rights for different horizontal layers, or strata, may be further divided and sold to different parties.
The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km 2 ) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas .
Offshore drilling for oil and gas on the Atlantic coast of the United States took place from 1947 to the early 1980s. Oil companies drilled five wells in Atlantic Florida state waters and 51 exploratory wells on federal leases on the outer continental shelf of the Atlantic coast. None of the wells were completed as producing wells.
Southwestern Energy Company was a natural gas exploration and production company organized in Delaware and headquartered in Spring, Texas. [1] In October 2024, the company merged into Expand Energy. The company's primary exploration and production activities were in the Appalachian Basin in Pennsylvania and West Virginia, as well as the ...
A gas well to the Medina Group was drilled in 1958 in Pennsylvania state waters in Lake Erie. [26] The only state that has current oil and gas production from beneath the Great Lakes is Michigan. Michigan has 13 oil and gas wells that produce from below Lake Michigan, all drilled directionally from surface locations on shore. Directional ...
Reeves County and the Texas Department of Transportation are looking at a bypass for Pecos, Texas as oil and gas traffic has increased. West Texas oil town explores bypass for growing oil and gas ...
Diversified Energy Company PLC, formerly Diversified Gas & Oil PLC, is a gas and oil production company operating in the Appalachian Basin and the Central Region in the United States. It is listed on the London Stock Exchange and the New York Stock Exchange , and is a constituent of the FTSE 250 Index .
A string of quakes was reported near Malaga along the state line, including an M 3.4 on March 26, and an M 3.3 on Jan. 15, and several events between M 2 and M 3.