AIX and NextEra were partners in the Claiborne Parrish wells. In August 2014 they divided up the wells, with AIX to continue to operate them. In early 2015 Petro-Chem took over operation of the NextEra wells with Petro-Chem being responsible beginning in March 2015.
I am speculating here, but I assume NextEra switched to Petro-Chem because AIX was not paying royalties to the landowners. AIX still owes us for royalty payments from November 2014 to February 2015.
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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