As published in The (Shreveport)Times, source Chesapeake Energy. 80)
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Permalink Reply by Henry on January 18, 2011 at 6:07 Not too many places to put wells in a highly populated area.... although I do have a friend who lives not far from "Out Back" who has a well almost in his backyard!
Permalink Reply by The_Baron on January 18, 2011 at 6:30
Permalink Reply by Henry on January 18, 2011 at 9:14 GD,
Even I don't read anything tricky or malicious in this. Let's just take it for what it is -- an estimate of the amount of money pumped into northern Louisiana I don't view it as spin or PR or anything else. I actually found it interesting, even if I cannot explain it. And it gave all of us, who obviously have way too much time on our hands, something to ponder over today.
Permalink Reply by FXEF on January 18, 2011 at 11:44 Henry,
You've hit the nail on the head, "way too much time on our hands."
About all I can read into such data is that CHK has sent $23,335,257 to residents of zip code 71106. I would guess that 71106 has more fat cats (CHK royalty owners) than the other zip codes listed. I have not researched it, but I don't think CHK has enough producing wells in that one zip code to pay that kind of royalty.
Permalink Reply by Skip Peel - Mineral Consultant on January 18, 2011 at 11:49
Permalink Reply by FXEF on January 18, 2011 at 12:41 Skip,
I believe that zip code 71106 would be Cedar Grove field, partly in (T16N-R13W & T16N-R14W).
Permalink Reply by Skip Peel - Mineral Consultant on January 18, 2011 at 12:46 7 members
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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…
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