POSSIBLE IMPENDING LEGISLATION IN LA. LEGISLATURE
First of all, I HATE RUMORS! However, sometimes (and unfortunately) rumors have a way of morphing into what some accept as truth.
That being said, this post is a question about a rumor that I have recently heard banded about. That is, simply, when the La. legislature meets this year there may be legislation presented that would basically CUT OUT an UMI from any revenue from any production in their unit. In other words, if an unleased MO does not sign a lease -- they get nothing!
Does this make any sense to anyone? Can anyone (that is, someone who KNOWS what they are talking about), shed some "light" on this subject?
That being said, this post is a question about a rumor that I have recently heard banded about. That is, simply, when the La. legislature meets this year there may be legislation presented that would basically CUT OUT an UMI from any revenue from any production in their unit. In other words, if an unleased MO does not sign a lease -- they get nothing!
Does this make any sense to anyone? Can anyone (that is, someone who KNOWS what they are talking about), shed some "light" on this subject?
Views: 49
Replies to This Discussion
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Permalink Reply by fox on
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Lanadan---Just for a little more reassurance about this possible legislation, I have talked to Sen Cherri Cheek and she is like Rep Burford, hasnt heard it and would definitely not be for some craziness like that. She will keep watch on it.
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Permalink Reply by The_Baron on -
I wouldn't count on those two bozos, better keep an eye out yourself.
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