By April 12, 2011 0 Comments Read More →

Drilling Continues To Pump Money Into DeSoto Parish

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.

Post a Comment