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To: thackney

Good article,the shale gas is a boom for small towns and local governments, just check Coushatta Louisiana. There is a glut of gas right now 3.05 thousand and storage is full but if the economy picks up after Obama is out of office then gas will boom in the shale areas.


4 posted on 12/03/2010 1:18:53 PM PST by wild74
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To: wild74

I’m waiting for it to go south of Zwolle. We are about 10 miles south of the southern most permitted well.

http://dnr.louisiana.gov/haynesvilleshale/haynesville.pdf


5 posted on 12/03/2010 1:31:57 PM PST by thackney (life is fragile, handle with prayer)
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To: wild74

During 2008, landmen pored over records and knocked on doors. Going rates for leases skyrocketed from $250 per acre to $27,000. Before the price of gas dropped, some mineral rights reportedly went for $30,000 per acre with 30 percent royalty.

The Haynesville Shale play, with its prospects for a huge natural gas supply, has made overnight millionaires out of some common ordinary working people and, as one landman quipped locally, may “make billionaires out of millionaires.”

http://www.fwbog.com/index.php?page=article&article=107


7 posted on 12/03/2010 1:47:58 PM PST by thackney (life is fragile, handle with prayer)
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