The Office of Conservation certifies qualification under this program in four (4) categories, three (3) of which involve a Well Cost Statement:
If correctly applied for, a well fitting one of these categories would be eligible for a two year exemption from the date of first production or until payout of qualified costs, whichever comes first.
It seems to me that a Haynesville well that has been drilled on my section would fit into at least one of these categories. However, my question is, are the drilling companies operating these wells required to apply for this severance tax relief program? If so, wouldn’t it be wrong for them to charge me a severance tax deduction on my royalty check for a newly completed Haynesville Well?
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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
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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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