$33 Billion Of Petro Wealth Lost By Texas Since 2014

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Blackbeard Data Services Releases 2015 Petro Wealth Report outlining the demographics of oil wealth in Texas. Also measuring the massive lost of wealth from falling oil prices.

Blackbeard Data Services, the foremost data provider for Texas lease ownership data has released its annual Texas Petro-Wealth report for 2015. The report concludes that Texas currently has $107 billion of proved producing reserves. Also, that corporations hold over $86 billion dollar in the total petro-wealth in Texas, individuals hold $15 billion, trusts hold $3 billion and the remaining $1.8 billion distributed among educational institutions, non-profits government agencies, and religious organizations. This is a $33 billion drop from last year due to the rapid fall in oil prices. That is a 24% drop from the 2014 report.

The report also includes the top 20 cities holding Texas petro-wealth. Houston, Texas came in as the number one city worth of $37 billion and Midland, Texas coming in second with over $11 billion.

The other cities in descending order of petro-wealth are Oklahoma City, Dallas, Ft Worth, Rowlett, San Antonio, Austin, Richmond (TX), Tulsa, Abilene, and Denver just to name a few.

To view the full report interested parties can go directly to the Blackbeard Data website at http://blackbearddata.com/petro-wealth-ownership-annual-report-for-texas-2015

About Blackbeard Data Services, LLC: Blackbeard Data is an oil and gas data warehouse offering lease ownership data. Located in Austin, Texas, it has provided lease ownership information, geospatial lease data, and analytical data services to oil investors for over 18 years.


For more information contact:
Tami Blankenship, 800 762 3057
About details of this report contact
McCartney Taylor 800 762 3057

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Tami Blankenship
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