Steve Williams, CEO with Mineral Sales Group LLC, announces the sale of 20 +/- Oil and Gas Mineral acres located in Niobrara County, Wyoming.

Steve Williams, CEO with Mineral Sales Group LLC, announces the sale of over 80 +/- Oil and Gas Mineral acres located in Borden County, Texas.

Steve Williams, CEO with Mineral Sales Group LLC, announces the sale of over 160 +/- Oil and Gas Mineral acres located in Coleman County, Texas.

Steve Williams, CEO with Mineral Sales Group LLC, announces the second sale of over 40 +/- Oil and Gas Mineral Acres located in Southern Laramie County, Wyoming.

Steve Williams, CEO with Mineral Sales Group LLC, announces the sale of over 40 +/- Oil and Gas Mineral Acres located in Southern Laramie County, Wyoming.

Steve Williams, CEO with Mineral Sales Group LLC, announces the sale of various Oil and Gas Mineral Acres located in Stark, Belmont, Noble and Harrison County, Ohio

Volatility in the oil market is here to stay with no end in sight. There are many characteristics and aspects that can impact forecasting as we head into 2019. 

Factors impacting 2019

U.S Shale keeps growing: plan on the U.S. shale production to continue its growth. The recent downturn in prices, number of industry names highly leveraged and ongoing pipeline expansion issues could slow growth, but not by much.

Steve Williams, CEO with Mineral Sales Group LLC, announces the sale of over 129 +/- Oil and Gas Mineral Acres located in Northeast Lavaca County, Texas.

Steve Williams with Mineral Sales Group LLC announces the sale of over 110+/- Oil and Gas Mineral Acres located in Hamon County, Oklahoma.  The minerals are currently...

Steve Williams with Mineral Sales Group LLC announces the sale of over 7,829 Oil and Gas Mineral Acres located in Culberson County, Texas.

Steve Williams with Mineral Sales Group LLC announces the sale of an Oil and Gas Override located in Madison County, Mississippi.  Mineral Sales Group LLC represented and was a part of the purchasing entity.  This is a re-entry of wells with operations commencing in early-2018. 

Mineral Sales Group LLC announces the sale of Oil and Gas Mineral acres located in Laramie County, Colorado.  Mineral Sales Group represented both seller and buyer and was a part of the investment team.

Friday, October 20, 2017

Tension in the Middle East, combined with growing confidence in the likelihood of an OPEC extension, has very few analysts seeing a lot of downside risk. “The oil market is tightening gradually,” Tamas Varga, analyst at brokerage PVM Oil Associates, told Reuters. “OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling.”

Over the last 2 ½ years the oil industry has experienced its deepest collapse since the 1980’s. If history is a guide, after every oil bust comes a recovery if not a boom. This current recovery, if you call it that, has been timid at best.