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
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
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Permalink Reply by BirdDawg, plain ole' idiot on
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Hey Gray,
You ever heard of the Haynesville Shale?
It is really in that area.
Good grief.
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