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The mission of NARO is to encourage and promote exploration and production of minerals in the United States while preserving, protecting, advancing and representing the interests and rights of mineral and royalty owners through education, advocacy and assistance to our members, to NARO chapter organizations, to government bodies and to the public.


By , Feb. 11, 2017

Back when President Obama rolled into the White House for the first time, I was in the midst of an aggressive campaign to address the stranglehold placed on our national security and our economy by addiction to OPEC oil. 

The crux of that plan was to expand renewables (wind and solar) in power generation, and replace dirtier-burning and more expensive OPEC oil with our abundant supplies of cleaner-burning domestic natural ...


Friday, February 10, 2017 - 11:08am

Magellan Petroleum Corp., which is now known as Tellurian Inc., closed its merger with Tellurian Investments Inc. and appointed Antoine Lafargue as CFO as part of the finalization. Lafargue was previously Magellan’s CEO, the Feb. 10 press release said.

Meg Gentle, Tellurian's president and CEO, said it will develop large-scale energy infrastructure on the U.S. Gulf Coast, including the Driftwood LNG facility in Louisiana.

Tellurian’s common stock will continue ...


Natural gas prices averaged a little more than $2.50 per mmBtu (million British Thermal Units) in 2016. Those days are over. Prices will average at least $3.50 to $4.00 in 2017.

Prices have more than doubled since March 2016 but gas is still under-valued. Supply is tight because demand and exports have grown and shale gas production has declined.

In April of last year, I wrote that natural gas prices should double and they did. Henry Hub spot prices increased 2 1/2 times ...


Comstock Resources Inc. (NYSE: CRK) is adding to its holdings in the Haynesville Shale with a joint venture (JV) that requires the company to spend minimal cash, Comstock said Jan. 9.

The Frisco, Texas-based company said it entered an agreement with USG Properties Haynesville LLC to jointly develop Haynesville acreage in Louisiana and Texas outside of Comstock’s core.

USG, a subsidiary of NextEra Energy Inc., will contribute 3,315 net acres it recently acquired and an estimated 20 ...


Chesapeake Energy Corp. (NYSE: CHK) beat expectations with its second Haynesville sale in less than a month.

An affiliate of Covey Park Energy LLC agreed to pay about $465 million for a chunk of Chesapeake’s Haynesville acreage and producing properties in northern Louisiana. The sale includes roughly 41,500 net acres with about 50 million cubic feet per day of gas production, net to Chesapeake.

Chesapeake’s sale is a positive on earlier than expected timing and better ...


WildHorse Resource Development Corp. (NYSE: WRD) said Dec. 19 it wrapped up its IPO, along with a $400 million acquisition for Eagle Ford acreage.

In the offering, WildHorse sold 27.5 million shares of its stock at $15 per share, raising proceeds of about $391.7 million.

WildHorse will use proceeds, along with borrowings from its revolver, to fund the remaining portion of its acquisition of about 158,000 net acres in Burleson County, Texas, from Clayton Williams Energy Inc. (NYSE: CWEI).

Proceeds from ...

  1. Motor Assembly: The motor assembly is used to power the pumps. They are offered in a variety of diameters, horsepower ratings, and operating ranges. Motors are selected based on the amount of power needed to operate the pump and lift the desired volume of fluid from the wellbore. 
  2. Sealed Chamber Section: The sealed chamber section is located between the motor and the pumps. Its main functions are to reduce thrust generated by the pumps, protect ...

Chesapeake Energy Corp. (NYSE: CHK) is delivering on its divestment plans, saying Dec. 5 it agreed to sell a package of producing Haynesville Shale acreage in northern Louisiana for about $450 million.

The deal covers 78,000 net acres, with slightly more than half—40,000 net acres—considered core to Oklahoma City-based Chesapeake. Assets include 250 wells producing 30 million cubic feet of gas per day (MMcf/d).

The buyer was not disclosed, but Reuters reported that a subsidiary of Houston-based Indigo ...


Notable basins throughout the U.S. have remained resilient through the shale industry’s first real downturn, such as the Permian Basin and Marcellus, but there have been drastic declines in other smaller basins such as the Panhandle area and the Rockies. Operators across the industry are turning to a strategy that is heavily weighted toward completions and are focusing on determining the best practices for increasing well recoveries while still making efforts to drive ...


Heading into OPEC’s Nov. 30 Vienna meeting, spreadsheets and slide rulers have comingled with gut feelings and deep suspicion, producing a collective hunch of what will come of the organization’s freeze meeting.

In short, probably something.

Andrew Fletcher, senior vice president of commodity derivatives for KeyBank National Association, views a deal as likely.

“Their reputation as a viable organization is on the line,” Fletcher told Hart Energy.

Or, as Vikas Dwivedi, analyst at Macquarie ...


WildHorse Resource Development Corp. filed with securities regulators on Nov. 10 to raise up to $650 million in an IPO.

The independent oil and natural gas company, which operates in the Eagle Ford Shale in southeast Texas and the Terryville Complex in North Louisiana, said it intends to list its common stock on the New York Stock Exchange under the symbol "WRD."

Houston-based WildHorse said proceeds from the offering will be used to fund the remaining portion ...


WWLTV - Last week, a Louisiana sheriff spent several days in North Dakota witnessing firsthand the ongoing protests and the responses by law enforcement surrounding the Dakota Access Pipeline Project.

St. Charles Parish Sheriff Greg Champagne, who is also the president of the Nation Sheriff's Association, visited Standing Rock Sioux Reservation to view how law enforcement agencies were working to protect area citizens and respond to protests. 

MORE: Why people are checking into Standing Rock ...


(Bloomberg) -- The era of the monster frack has arrived in North America, and Chesapeake Energy Corp. is singing its praises.

Chesapeake said Thursday at an analyst conference that it set a record for fracking by pumping more than 25,000 tons of sand down one Louisiana natural gas well, a process the shale driller christened "propageddon.” The super-sized dose of sand -- known as "proppant" -- is able to prop open bigger and more numerous cracks ...


Comstock Resources Inc. (NYSE: CRK) is unloading conventional gas assets in South Texas with proceeds earmarked for the Haynesville Shale, the company said Oct. 17.

The Frisco, Texas-based agreed to sell the properties to an undisclosed company for $28 million. The sale includes 9,904 net acres of legacy gas assets in Duval, Hidalgo, Kenedy, McMullen and Zapata counties, Texas.

Proceeds from the sale will fund additional 2016 drilling in the Haynesville, where the company recently restarted operations.

“This sale ...


U.S. Rep. Charles Boustany, R-Lafayette, has introduced the Ending Legacy Lawsuit Abuse Act, which he said would prevent plaintiffs’ lawyers for legacy oil and gas lawsuits from “venue shopping” for friendly courts.

“It’s no secret our oil and gas industry is struggling. Legacy lawsuits destroy jobs while enriching plaintiff lawyers who abuse the system,” Boustany said in a statement issued Tuesday. “We must put a stop to these unfair lawsuits which extort oil ...


The Haynesville Shale may yet swing a comeback—perhaps to rival the likes of Elvis, Brando or at the very least, Burt Reynolds in “Gator.”

Haynesville talk routinely spills over into A&D conversations otherwise dominated by the Permian Basin and Oklahoma Stack. And increasingly, industry experts are giving a nod to the legacy natural gas play virtually left for dead as the Marcellus Shale warped production toward the northeast.

While there’s no swooning ...


Range Resources Corp. (NYSE: RRC) said Sept. 16 that it completed its $4.2 billion merger with Houston-based Memorial Resource Development Corp.

The value of the all-stock transaction, which included the assumption of Memorial Resource's debt, was about $200 million less than originally reported when the deal was announced May 16.

The deal shifts Fort Worth, Texas-based Range’s focus outside of the Appalachian Basin to the Gulf Coast.


Click here to


Two private equity firms and a Canadian pension plan have acquired substantially all of J-W Energy Co.'s upstream and midstream oil and gas assets, plus acreage in the Haynesville Shale and the Rockies, which will be part of a joint venture (JV) between the two firms.

In a statement Monday, the two firms -- Dallas-based Aethon Energy Management LLC and New York-based RedBird Capital Partners LLC -- said they were joining the Ontario Teachers' ...


After more than two years of political controversy and courtroom disputes, Helis Oil & Gas Co. of New Orleans started drilling an exploratory well Wednesday (June 29) in south-central St. Tammany Parish. A company spokesman said the drilling began shortly after 2 p.m. at the site east of Louisiana 1088 and north of Interstate 12, northeast of Manderville.

"We are in, just now," spokesman Greg Beuerman said. "we're pleased, obviously. It's been a long process, one that we understood ...


Times are tough in the oil and gas patch these days.

Oversupply means low prices. That's good for consumers but bad for the energy business. Drilling has been cut back and thousands of people in Louisiana are out of work.
But head east on Interstate 20 and things are humming.

It's an area called Terryville -- a rich energy field centered that stretches across parts of Lincoln Parish, Bienville Parish and Jackson ...


In one of the first corporate takeovers since commodity prices nosedived in 2014, Range Resources Corp. (NYSE: RRC) has agreed to acquire Memorial Resource Development Corp. (NASDAQ: MRD), giving Range a strong Gulf Coast presence.

However, analysts don’t view the deal signaling a wave of M&A activity from distressed E&Ps.

Fort Worth, Texas-based Range said May 16 it entered a definitive merger agreement to acquire all of Memorial Resource Development’s outstanding stock in ...


The crash in oil prices has taken its toll. The number of rigs drilling for oil and gas in the U.S. fell today to the lowest level in more than 75 years of records. The animation below shows the deployment of rigs over five years, culminating in the collapse of 75 percent of the rig count. watch now...


By Tom Randall, Julian Burgess and Blacki Migliozzi




The oil and gas industry was told through the special session process that it would not be the target of new or increased taxes. Despite those proclamations, the end result puts even more Louisiana producers and suppliers at risk.

Please find below a link to download a document outlining the newly imposed sales tax percentages. These new sales taxes on the oil ...


The night before Aubrey McClendon died, the oil-and-gas pioneer was expected at a private dinner here with potential business partners. Among them: Vicente Fox, the former president of Mexico.

Around sunset, the group gathered in a wood-paneled dining room at the exclusive Beacon Club. A waiter brought plates of sea bass and lamb. Three bottles from McClendon’s wine collection were opened, including a 2010 Napa Valley red bearing the logo of his business, American Energy ...


Some of you may have already heard about the ramifications of the state of Louisiana’s present budgetary troubles, read the following for Governor Edwards' proposal for tax hikes, educational & medical cuts, etc.  This is the text version of a televised speech that Governor Edwards gave on 2/11/2016.


Even worse, TOPS payments have been temporarily suspended until further notice  http://www.fox8...


As global oil prices continue to plummet, data suggests northwest Louisiana could be as much a victim as many of the traditional oil parishes along the southern coast of the state.

Louisiana Workforce Commission totals for the week ending Dec. 26 show 2,398 initial unemployment claims, down from 2,675 claims filed the previous week but up from 1,566 claims filed for the same week in 2014. That latter figure reflected the initial downturn in the oil and gas industry in ...

SHREVEPORT, La. - 2008 was a good year for northwest Louisiana. Natural gas was being pumped from the newly explored Haynesville  Shale--turning ordinary people into millionaires overnight. During its peak, more than 100 rigs were operating in the shale. 

But at the start of the decade, the excitement tapered off as gas prices fell from $13 to less than $2--showing there was no longer a big financial gain to be made from the deep gas. By 2011, most of ...


NEW ORLEANS (AP) — Two companies are looking at building large facilities along the Mississippi River south of New Orleans where they can export natural gas to the world market, another sign of the expanding footprint of the natural gas industry in Louisiana.

Until now, the area around Lake Charles has been the center of a boom in the market to import and export natural gas with 10 projects in various stages of development there. Two large ...


When your oil company or Oil & Gas purchaser goes broke ...

A royalty and mineral owner's perspective and action plan for when you receive notice from the United States Bankruptcy Court.  Continue to read ...


By Texas Land & Mineral Owners Association


Memorial Resource Development Corp. (MRD) entered into separate transactions to acquire or lease certain acreage adjacent to its existing operating areas in North Louisiana, the company said Sept. 21.

The company entered a definitive purchase and sale agreement with a third party to acquire about 45,807 gross (45,121 net) acres in Jackson and Lincoln parishes. This transaction is scheduled to close in this year’s fourth quarter, and its effective date is Aug. 1. Click here to continue to ...


Our Fuel Yourself with Knowledge program around the state starts with our Coushatta meeting with great educational evening events on September 14th 6:30-8:30pm.  You can register on line for this free event in Coushatta by CLICKING HERE

The venue for this event is:

Coushatta Country Club,  843 Bogan Lane, Coushatta, LA


Our Fuel Yourself with Knowledge program around the state starts with our Mansfield meeting with great educational evening events on August 18th 6:30-8:30pm.  You can register on line for this free event in Mansfield by CLICKING HERE

The venue for this event is:

Charlie's Cafe,  12805 Hwy 171, Mansfield, LA


Farmout Agreements:


An oil and gas Farmout agreement is a commitment by the owner of an oil and gas lease, the Farmor, to assign all or part of the working interest in that lease to another party, the Farmee. It is not clearly established when the first Farmout agreement was executed, but by the 1940’s the term Farmout was freely used.

Farmout Agreements are often the most commonly negotiated agreements in development of a ...

FUEL YOURSELF WITH KNOWLEDGE events are free, dinner is complimentary, however these evernt have limited space . So register now. RSVP online at www.naro-us.org/events, or with Dee Copeland, NARO Member Coordinator, 1800-558-0557.

Texas-based Comstock Resources weeks ago offered a sliver of hope the Haynesville Shale may be getting renewed attention from the industry.

The independent energy company announced plans to suspend its oil-directed drilling activity in shale plays in Texas and Mississippi and move two rigs to Northeast Louisiana where it would start up drilling for natural gas in the Haynesville Shale. Comstock expects to spend $161 million drilling 14 horizontal wells in the Haynesville and overlaying Bossier Shale, ...