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Tuesday, September 29th, 2020
Home » Tag Archives: Mailbox Money

Tag Archives: Mailbox Money

Chesapeake’s Collapse Is Latest in Long Line of Shale Disasters

Oil storage tanks

BLOOMBERG, JUNE 29, 2020 Over 200 North American producers have gone under since 2015 | This year, at least 20 have filed for bankruptcy protection By David Wethe for Bloomberg – The shale bust has reached a grim milestone by claiming the pioneer of America’s drilling renaissance. But Chesapeake Energy Corp., which filed for bankruptcy protection on Sunday, is just the latest …

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U.S. shale bust slams rural economies as “mailbox money” oil checks shrivel

Oil pumps in a row. Green color.

REUTERS, MAY 22, 2020 The average oil-land owner collects about $500 a month, according to the National Association of Royalty Owners, but that will not last. DeWITT COUNTY, TX – Royalties from oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it …

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