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re: Tuscaloosa Marine Shale

Posted on 3/26/13 at 8:09 am to
Posted by RGV AG
Managua, Nicaragua
Member since Mar 2013
34 posts
Posted on 3/26/13 at 8:09 am to
Thanks Cwill and Tigahbait!. I appreciate it. Thanks again.
Posted by Nodust
Member since Aug 2010
22630 posts
Posted on 3/26/13 at 8:33 am to
quote:

several parties wanting to purchase the mineral rights

How would you get the mineral rights appraised. We were approached a few years ago, wasn't really interested at the time. We had no idea what it was worth.
Posted by Nodust
Member since Aug 2010
22630 posts
Posted on 4/23/13 at 10:55 am to
quote:

Severance tax; reduce for 24 months for oil and gas produced from and after July 1, 2013, from horizontally drilled wells.


Dropping from 6% to 1.5%
quote:

(c) (i) The tax shall be levied and assessed at the rate of one and one-half percent (1.5%) of the value of the oil at the point of production on oil produced from a horizontally drilled well or from any horizontally drilled recompletion well from which production commences from and after July 1, 2013


Will this have a big impact?

Just wondering if this will be a really big impact and get well drilling activity to increase quickly.
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