FXEF, thanks for info....I look at it almost every day dying to know what's going on. Now I know what was going on Nov. 2010...ha.
Parkdota,
Are you hearing any more news about sec 18 or 19 14/14
Dani,
This may help explain the severance tax issue.
LOUISIANA OTHER SEVERANCE TAX EXEMPTIONS (The following is the Technology Assessment Division summary of the law. For legal definition look them up in the LSA at the indicated statutory citation.)
2) Horizontal wells STATUTORY CITATION: R.S. 47:633(7)(c)(iii)
On any horizontally drilled well or any horizontal recompletion from which production commences after July 31, 1994, all severance tax shall be suspended for a period of 24 months or until payout of well cost is achieved, whichever comes first. Payout of well cost shall be the cost of completing the well to commencement of production.
Full text at http://www.loga.la/pdf/la_severance_tax_rates.pdf
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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