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Significant wealth is associated with nonproducing oil and gas interests in nearly every oil and gas producing state. The location of drilling rigs in December 2019 (see “Where Are They?”
p. V17) generally depicts the areas with the highest oil and gas mineral values. These areas include west Texas and southeastern New Mexico (Permian Basin), south Texas stretching up along the Gulf Coast (Eagle Ford Shale) and elsewhere in Oklahoma, North Dakota (Bakken Shale), Louisiana and east Texas (Haynesville Shale), Wyoming, Colorado, Appalachia (Marcellus and Utica Shale in Pennsylvania, Ohio and West Virginia) and California.
When the subject interests are located away from areas of active development (where less data is available, and a petrole...
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