Tuscaloosa Marine Shale - 8/7/11 | Page 14 | TigerDroppings.com

Posted byMessage
RGV AG
Texas A&M Fan
Managua, Nicaragua
Member since Mar 2013
28 posts

re: Tuscaloosa Marine Shale



Thanks Cwill and Tigahbait!. I appreciate it. Thanks again.





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Nodust
LSU Fan
Member since Aug 2010
18904 posts

re: Tuscaloosa Marine Shale


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.






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Nodust
LSU Fan
Member since Aug 2010
18904 posts

re: Tuscaloosa Marine Shale


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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