What was the offer?
same bonus $100/acre and royalty 3/16 but one wants 4/3 and the other 3/2. Initially one wanted only 8-10K depths and willing to exclude the "haynesville shale" (their words); but when the lease arrived they had added a clause regarding the haynesville shale/sand (again their words) and they wanted all depths. The other company wanted all depths.
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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