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I think that was drilled with the Latsha #8 drilling rig, which I don't think is one of the big flex rigs. As you note, it has produced 384 mmcf since 2009, but it hasn't produced any condensate. Figure at this point, its probably produced close to $2million in gas, prior to expenses. Much of the stuff in that particular area is HBP.
Anyway, push gas prices back toward $12 and I guess they would drill more of this. Otherwise, better ROI on other stuff.
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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