Is this just the beginning?
They have taken a bunch of assignments in Shelby, San Augustine, and Sabine County from Paloma, and Encana. See attachments.
Cash is king I guess!
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I'm with Skip, I'd also like to hear a discussion on pros and cons of majors taking over the shale.
PLUS to MAJORS IN SHALE
+ money to develop leases+ money to lobby and do PR
+ possibly better protections for water
MINUS TO MAJORS IN SHALE
- it really is "Big Oil" and do we really trust them?
- Personally, I'd rather see smaller guys in the Shale - but is it the best way?
Any other ideas? Might not be a dam thing we can do about it, EXCEPT it is good to know that the Big Boys think our Haynesville is worth investing in.
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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