Mineral Rights Trending As A Hot Commodity For Online Auction Houses

Sellers Of Mineral Rights Are Flocking To The Internet To Get More Eyeballs On Their Asset Divesting
 
OKLAHOMA CITY - June 18, 2015 - PRLog -- The energy industry roller coaster of 2015 has created an interesting trend for mineral right owners. The current state of oil and gas technology conversion  has taken everything from: courthouse records to joint venture investment acquisition to the internet for a more cost effective way of doing business. Rather than attending a tradeshow or jet setting across the country for a presentation, a company or individual can simply strike a deal, by finding the right connection on a number of oil and gas websites. One of the biggest current trends is mineral right sales via online auction and listing services. The present volatility in the oil and gas industry is at a perfect climate for service sites involved in these ventures to sky rocket with memberships, purchases, and market realignment.

ProductionBrokers.com, an online based oil and gas auction and listing service has a seen a large spike in memberships due to this current trend. “We receive a large amount of relevant registrations and questions daily regarding minerals, production, and leases for sale from both buyers and sellers. We have staff dedicated to connecting the two, along with resources that are built into our website and advertising campaigns, that market current deals up for grabs…” stated Ed Martin, Chief Operating Officer with ProductionBrokers.com.  Michelle Farber, a Regional Sales Manager with ProductionBrokers.com, who deals daily with mineral right owners, said “Due to the current uncertainty of the oil and gas market place, we are definitely taking on a lot of individuals looking to unload their share in active oil production, mineral rights in areas where drilling has taken place to even oil field equipment. We have a great system in place, that assures all buyers and sellers are connected in a fast and efficient manner…” ProductionBrokers.com launched fully in November 2014 after a year of research and development, and is currently ranked as one of the top oil and gas related websites for business development.

With oil pricing currently parked at the 60 to 65 dollar a barrel range, forecasters predict that the United States will not see a big jump in pricing for another 6 months. When the market does even itself out, analysts suggest that the internet will be a hot spot for business development and acquisition services, due to cost effectiveness and the retirement turnover in the oil and gas workforce, which puts a more technically advanced generation into the driver’s seat.

Contact
Thomas Field
***@productionbrokers.com
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Tags:Oil And Gas, Technology, Oilfield, Finance, Mineral Rights
Industry:Energy, Internet
Location:Oklahoma City - Oklahoma - United States
Subject:Features
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Page Updated Last on: Jun 18, 2015
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