By October 20, 2014 0 Comments Read More →

EE News: How do you survive a gas boom and bust? For starters, pay in cash

EE News reports:

MANSFIELD, La. — Local officials in the Haynesville Shale believe they’ve unlocked the secret for successful spending of gas boom wealth.

The approach? Invest quickly in health, safety and education, and squirrel away the rest for a rainy day.

“Just because we have it don’t mean we have to spend it,” DeSoto Parish Sheriff Rodney Arbuckle likes to say.

The Haynesville story is a lesson for community leaders in places like North Dakota and Texas, where fuel extraction continues to……..

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Posted in: Daily News, Shale 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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