Bossier Residents Cash in on the Haynesville Shale

Some Bossier Parish residents could become $8,000 dollars richer. Many Dogwood South community members have decided to sign over their mineral rights to cash in on the Haynesville Shale. People who live in area say their Homeowners Association made a deal with Twin Cities Development. They tell KTAL if 90 percent of their community members sign over their rights each resident who signs will receive more than $8,000 per acre. One resident says he recently signed his name on the dotted line. Mark Patten, Dogwood South Resident, says, "Everybody likes a little money especially with gas prices the way they are so I think that’s the main reason everybody is doing it." Patten says residents have until mid July to participate. If less than 90 percent of the community signs up the amount of money will decrease.

http://arklatexhomepage.com/content/fulltext/?cid=21541

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Comment by Kenny on July 9, 2008 at 3:58
There is such a thing called"no consent drilling" that the oil companies can use if all else fails..i agree with holding out, but you have to be careful, or you hold out till you miss out
Comment by Keith Mauck (Site Publisher) on July 8, 2008 at 5:17
Yeah, that is my first thought..why so soon?
Comment by Snake Stewart on July 7, 2008 at 12:17
Hate to see them leave so soon.
Comment by RAY on July 7, 2008 at 12:15
How are they being paid... check,draft,wired, etc...........?/

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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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