St. Mary announces they intend to drill seven new wells (6 horizontal and 1 vertical) in San Augustine and Shelby Counties in 2010

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=n...

Tony Best, CEO and President, remarked, “Our 2010 capital program reflects the expansion and improvement in our inventory over the past couple of years and gets us back on a track of growing production. We will be deploying a meaningful amount of investment in our emerging resource plays, particularly in the Eagle Ford and Haynesville shales, as we work to promote those potential resources to proved reserves.

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Haynesville shale – The Company plans to drill six (6) horizontal wells and one (1) vertical well in 2010, all of which will be drilled in San Augustine and Shelby counties, Texas. The drilling program has been designed to utilize recently acquired 3D seismic data while preserving core leasehold. This operated portion of the program constitutes roughly 64% of the Haynesville program’s capital investment in 2010. The majority of the remaining budget will support partner-operated drilling in east Texas and at Elm Grove Field in northern Louisiana

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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.

This area has suffered immense environmental degradation…

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Posted by Char on May 29, 2025 at 14:42 — 4 Comments

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