Started Jun 30, 2008
Started this discussion. Last reply by Keith Mauck (Site Publisher) Jun 30, 2008.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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I too live in the area and attended the Love Chapel meeting. What were your thoughts? I am not too happy about the 4% of my bonus "catch" to the deal. It was stated that a 100 acres were already committed from sections 11&12 prior to this meeting. At $10k/acre they would already be looking at $40k. How much are attorney fees to look at one contract? This is only a small percentage of the 1280 acres combined in these sections which tells me to hold out or group with others that are not paying this 4%???? The O&G companies have already leased in our area with some so would this not mean that our area at some point will go active and thereby our minerals increase in value and be more aggressively pursued at a higher rate?
This is so early in the play that I feel many are jumping in way too soon and over the next 6-12 months bonuses here will be exactly like what Barnett Shale owners have come to expect. I only want a fair price for what I rightfully own. This isn't my SUV that I'm trying to sell, after all, this has real value.
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