Carpe Diem

The shale revolution is creating thousands of new millionaires from the billions being paid in royalties to private landowners

Month Texas Oil (bbls.) Price per barrel Royalty Payments @ 25% January 53,695,000 $100.27 $1,345,999,413 February 51,609,000 $102.20 $1,318,609,950 March 56,011,000 $106.16 $1,486,531,940 April 56,263,000 $103.32 $1,453,273,290 May 59,476,000 $94.66 $1,407,499,540 June 58,565,000 $82.30 $1,204,974,875 July 61,846,000 $87.90 $1,359,065,850 August … read more >