The Haynesville Shale is really paying off for communities in Louisiana. Booming tax receipts are a win for North Louisiana. Expect a similar response in other areas of the country where activity in the Marcellus Shale and Eagle Ford Shale is really taking off. This won’t be the last county to really benefit from jobs and businesses that are created by the industry. It comes well received when you’re getting royalty checks too.
“DeSoto’s nine tax-collecting entities collectively gained about $23 million in 2006-07 and 2007-08 and $16 million in 2005-06, which is before the announcement of the Haynesville Shale in March 2008 put the parish on the map.”"Collections doubled in 2008-09 and quadrupled by 2009-10 after the oil and gas activity took hold. Expenses related to drilling rigs and pipelines, purchases made by hundreds, if not thousands, of workers servicing the industry and construction of new hotels, restaurants, industry headquarters and spin-off suppliers are credited with the big influx in cash for the governing bodies.”
Read the full news release at ShreveportTimes.com