Thursday, November 13, 2008

Haynesville Shale: Caddo Parish Residents Getting Nothing

More disturbing news out of the Haynesville Shale in Caddo Parish. Residents who signed mineral rights contracts aren't getting paid.

Thousands of Caddo Parish residents have cashed in on the Haynesville Shale. Greenwood property owners hoped to make big bucks off their mineral leases. But Monday, they found out they're not getting a dime.
People from Greenwood signed leases at $22,500 an acre. Monday, they learned Chesapeake Energy ( CHK ) is not funding their lease bonus drafts.

Full Article -