I Wonder If Buyer Gets The Mineral Rights? Probably Not -- Friday, December 7, 2018

Largest ranch on the market (as in, up for sale) is in Texas. Link here. Data points:

• Lely Ranch near Big Bend State Park
• has been owned by a foreign dairy magnate since the 1960s
• 70,000 acres
• West Texas
• airstrip; 4,286-foot Cerro Tren Peak; creeks and arroyos
• brick headquarters home on the property
• 45 miles from Marfa 

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The Tesla My Wife Promised Me For Christmas

... but perhaps not this Christmas.

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Better Get An Oil Story For This Post

"The US pipeline industry is boomiing." -- contributor over at oilprice.

More accurately, the "US pipeline industry is undergoing huge transformation."

From the lede at the linked article:

Every once in a while, a new technological development shakes up a conservative sector.

In the oil and gas industry, the shale revolution has changed the business in multiple ways. The U.S. has been transformed from one of the world’s leading oil importers into the world’s largest producer of oil and gas. Fracking in the Permian basin has created bottlenecks as the existing infrastructure cannot cope with rising production. Producers are not able to get all the oil and gas to customers, creating a price differential with the WTI benchmark. On average, shale oil producers in the Permian basin receive $10 to $13 dollars less for each barrel compared to WTI levels.

It is not only energy companies that are benefitting from rising production, pipeline manufacturers are also reaping the rewards. Globally, the U.S. ranks #1 in pipelines planned and under construction. Most of the oil and gas pipelines planned for 2019 and 2020 will connect the Permian Basin with consumers and export terminals in the Gulf of Mexico. However, the additional capacity will create another problem by moving the bottleneck from transportation to the facilities on the coast.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

Words matter: when Art Berman said "shale was a retirement party" that pushed more talk of $100-oil and folks may have acted on that talk. Now that we see what the "shale revolution" has wrought, we have $50 oil.