Proposal Encourages Oil & Gas Exploration in South Louisiana
The Energy Law Blog
APRIL 21, 2010
By Michael A. Mahone, Jr. The Louisiana Mineral and Energy Board is currently reviewing an incentive proposal that would offer a “royalty relief incentive” on new drilling leases along the Louisiana coast. Specifically, the proposal would offer royalties for a period of three years for wells drilled to a depth of fifteen thousand feet along the coastal zone.
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