Exco Operating Files 1st San Augustine Permit-Red River 365-2- #2H

I have to assume that the Exco/BG Group buyout of Common Resources is a done deal. Common filed the Red River 365-2- #1H a couple of weeks ago. Now Exco has filed the second unit well.

W-1:
http://webapps.rrc.state.tx.us/DP/drillDownQueryAction.do?fromPubli...

Plat:
http://webapps.rrc.state.tx.us/dpimages/img/800000-899999//PR000083...

Tags: Augustine, BG, Common, Exco, Group, Resources, San

Views: 105

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Exco Resources closes on Haynesville Shale buy
Wednesday, May 19, 2010, 8:44am CDT

Exco Resources and BG Group has closed on its $446 million acquisition of Haynesville Shale assets.

Dallas-based Exco Resources made the buy from Houston-based Common Resources LLC, which divvied up its $805 million operation between Exco, BG Group and Talisman Energy Inc.

Through the acquisitions, Exco and BG Group are gaining access to Common’s oil- and gas-producing assets, as well as gathering lines and acres of area to explore in Shelby, San Augustine and Nacogdoches counties.

The Dallas Business Journal first wrote about this transaction last month.

Read more: Exco Resources closes on Haynesville Shale buy - Dallas Business Journal

http://dallas.bizjournals.com/dallas/stories/2010/05/17/daily20.html

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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.

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