Not one brain in the bunch!

Associated Press
Shreveport aims for mineral leases on 740 acres
Associated Press, 07.25.09, 04:12 PM EDT



SHREVEPORT, La. -- Everyone on the Shreveport City Council agreed that the city should try to cash in on the Haynesville Shale natural gas boom. But it took two hours for council members to agree on how much to ask for.

They finally decided on at least $4,000 an acre plus a 25 percent royalty on extracted natural gas. That could bring the city nearly $3 million - about half the money cut from the budget this year.


Yahoo! BuzzCouncil members upset Mayor Cedric Glover by saying the city is broke. He said that undercut their bargaining position.

The council usually meets on Tuesdays. It held a special meeting Friday to get the property on the state Mineral Board's agenda for October.


Buck

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Replies to This Discussion

Permalink Reply by BirdDawg, plain ole' idiot on July 26, 2009 at 13:41
Hey Gray,
You ever heard of the Haynesville Shale?
It is really in that area.
Good grief.
Permalink Reply by BirdDawg, plain ole' idiot on July 26, 2009 at 14:57
What is not cool?
Permalink Reply by Max on July 26, 2009 at 15:21
Every deed I have list the property starting at the center of the road except some property that borders I-20. Does Shreveport own the property that most of the streets are paved over?
Max

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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…

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