By April 12, 2011 0 Comments Read More →

Drilling Continues To Pump Money Into DeSoto Parish

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MANSFIELD — Drilling activity connected to the Haynesville Shale continues to pump up sales tax revenue into DeSoto Parish, a hotbed of natural gas exploration.

Sales in February, which are reflected in the March tax report, topped $9.1 million — a 43 percent increase over the same time period last year. January sales reported in March reached $8.2 million, a 20 percent increase.

Both months are lower than December’s $12 million — although Christmas retail shopping is figured into those receipts.

Since July 1, more than $86.9 million in sales taxes has been collected parish-wide. That’s quadruple the amount realized in pre-Haynesville Shale days.

Schools and teachers have been among the beneficiaries. At a time when many parishes in the area are tightening their belts, DeSoto teachers have been given pay raises.

Original Article

Posted in: Daily News

About the Author:

The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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