Natural Gas Prices Near $3.27 On July 13, 2009

Forest Oil Corp (Denver, CO) said its second horizontal Haynesville Shale well in Red River Parish, La., produced results of 20.3 MMcfe/d in early July. The well cost about $9 million. The company said it holds about 11,050 net acres in Louisiana prospective for the Haynesville Shale and has identified 110 additional potential horizontal locations on this acreage.

On July 13, during energy trading, natural gas for August delivery fell 10.1 cents to $3.272 per 1,000 cubic feet as over supply concerns continue during this summer recession.

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

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