http://www.chron.com/disp/story.mpl/business/6683593.html

Q: Say I'm an E&P company that bought a bunch of leases last spring, just before the economy got really bad, and now the clock is ticking. What should I do to keep from losing my leases? Risk going broke to just get those projects off the ground?

A: There's still the traditional options of borrowing from banks or raising additional equity, and there have been several equity raises done this year. But one of the other things you're seeing is joint ventures, where companies with some of the best acreage positions in the shales are doing joint ventures with those that don't have good acreage or none at all. In some cases the company coming in pays money upfront and pays not only its share of drilling costs but a portion of the other company's costs. The transactions done by Chesapeake Energy with BP and Plains Exploration are the best example of how they've been innovative and proactive to get drilling done to maintain their acreage positions.

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

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…

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Posted by Char on May 29, 2025 at 14:42

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