Marketplace®

Daily business news and economic stories

Why "landmen" don’t benefit from low gas prices

The people who oil companies pay to get the rights to drill for oil lose out.

The price of crude oil is up from its lows of the last year, but at $59 a barrel this morning, that still about half what it was 11 months ago. This is great for consumers of oil, drivers, businesses and beyond. But it’s a challenge for many who work in the oil industry, including what are called “landmen,” people paid by oil companies to get rights to drill. We visit one land person, in Eddy County, New Mexico.

Click on the multimedia player above to hear more. 

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    5 hours ago
    25:19
  • Make Me Smart
    11 hours ago
    19:00
  • Marketplace Morning Report
    13 hours ago
    6:55
  • Marketplace Tech
    18 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45