a landman recently told me that folks in pike county are holding out for big money. people in pike having long term experience with oil companies (little creek, lazy creek) will be tough to sign to hold by production (one well now others three or four years later) Connoco Philips moving on lots of old leases for good terms (2,0000-15,000) per acre, Shell, statoil, other majors now taking over in third year in eagleford. Independents prove plays, majors move in and complete entire fields.
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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 — 4 Comments
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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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