Shale Bust Hits Rural Communities As Oil Royalties Plunge Across the U.S.

  • Shale Bust Hits Rural Communities As Oil Royalties Plunge Across the U.S.
    Shale Bust Hits Rural Communities As Oil Royalties Plunge Across the U.S.
The oil price collapse is hurting not only U.S. shale firms and their drilling activities. The crash has severely crippled the royalty payments to a dozen million American oil and gas royalty owners of land on which companies pump oil. The value of the monthly checks to royalty owners in South Texas—home to the Eagle Ford shale play—has plummeted since the beginning of the year, due to the…

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