Long time family owned independent oil company based in Shreveport declares bankruptcy.
https://www.pacermonitor.com/public/case/33288769/Sklar_Exploration...
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Bored today so did some digging in Drilling Info on Sklar's operating wells.
Total of 84 wells with bulk (59) in Alabama.
Total gross production of 2555 BO & 6.7 MMCF per day.
91% of oil production and 55% of gas production from Alabama while 43% of gas production from Louisiana.
Only 9 wells in E Tx and 10 in Louisiana.
The bulk of Sklar's wells have been in Alabama over the last few years. The Sklar name in all it's derivations and partnership forms still appears on over 300 Louisiana wells although only that handful is currently producing. That doesn't count all the producing wells that they drilled and later assigned to other companies over the decades. Good drilling opportunities have gotten scarce in Louisiana.
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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