POSSIBLE IMPENDING LEGISLATION IN LA. LEGISLATURE

First of all, I HATE RUMORS! However, sometimes (and unfortunately) rumors have a way of morphing into what some accept as truth.

That being said, this post is a question about a rumor that I have recently heard banded about. That is, simply, when the La. legislature meets this year there may be legislation presented that would basically CUT OUT an UMI from any revenue from any production in their unit. In other words, if an unleased MO does not sign a lease -- they get nothing!

Does this make any sense to anyone? Can anyone (that is, someone who KNOWS what they are talking about), shed some "light" on this subject?

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Permalink Reply by fox on April 15, 2009 at 3:03

Lanadan---Just for a little more reassurance about this possible legislation, I have talked to Sen Cherri Cheek and she is like Rep Burford, hasnt heard it and would definitely not be for some craziness like that. She will keep watch on it.

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Permalink Reply by The_Baron on April 15, 2009 at 9:45

I wouldn't count on those two bozos, better keep an eye out yourself.

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As 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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