“Fracking” in to north Louisiana’s Haynesville Shale has carried natural gas production levels in Louisiana to their highest in more than 25 years, also lowering electricity bills for Louisianans and giving an upper hand to the state’s chemical plants competing with overseas companies.
The Advocate’s Ted Griggs reported Sunday that the roughly 2 trillion cubic feet of natural gas produced in 2010 is 36 percent more than 2009 production and 48 percent more than what the state generated in 2008.
The colossal underground rock brought a “gold rush” mentality to the state when drilling there began, according to the state Department of Natural Resources, and has since cut the price of natural gas in half:
That’s good news for the Louisiana’s chemical plants and their competitive advantage and for residents’ lower electric and natural gas bills. The price even opens the door to exporting liquefied natural gas from Louisiana.
Economist Loren Scott told The Advocate that a key factor in electricity bills is the fuel adjustment charge, which fluctuates depending on natural gas and other fuel prices:
In 2008, the cost for 1,000 kilowatt hours of electricity — a typical customer’s monthly usage — was $110 to $120, said Bill Mohl, president and chief executive officer of Entergy Gulf States Louisiana LLC.
The bill for the same amount of electricity today is $80 to $90 — with the natural gas prices having fallen closer to $4 per thousand cubic feet.
The latest report of Haynesville’s success comes on the heels of an article outlining a lack of severance tax revenue hitting the state’s coffers from the shale. The Advocate reported Feb. 5 that Haynesville wells are exempted from severance taxes for up to two years, and production at the site is expected to plummet long before companies will begin paying severance taxes. Figures from the state’s Legislative Fiscal Office caused an outcry from oil and gas industry leaders, who countered that the tax exemption was a major component of the influx of companies drilling.
Read more on the Haynesville Shale and the severance tax exemption here and a response from a Lafayette oil and gas manager.
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NOV 26 Zach Kopplin, who we came to know and love when he was a Louisiana high school student lobbying for the continued inclusion of science stuff in science class, pens this post in The Atlantic about a "textbook" available for social studies instruction in Texas that discusses how Moses contributed to the Constitution. (Oy! Texas rednecks love Jews. Who knew?)
NOV 26 Finally, mad people on the interwebz is a good thing! World wide webby outrage has caused the village of Moreauville to reverse its plan to confiscate pit bulls and Rottweillers and euthanize them simply because of their breed, WAFB reports here. The plan? They're going to enforce the leash law. Well, that would have been a good place to start.
NOV 26 Jim Brown, like many of us Louisiana voters, seems fed up with out of town know-it-alls trying to tell us what to do. Bill Cassidy can't make it through the day without flying someone in to "tell us political retards" how to vote, he says.
NOV 26 Blogger Tom Aswell is writing about the behavior of the two finalists in the 6th Congressional District race: Edwin Edwards and Garret Graves. Edwards has come out swinging, but Graves' campaign seems bent on snatching defeat from the jaws of victory, Tom says.
NOV 26 Unless you're in Virigina, you shouldn't count on seeing our Governor on Election Day. Mark Ballard writes in the Advocate's political blog that Bobby will be appearing at a GOP love fest of some kind there, instead of spending the day here.
NOV 26 This post on The Lens takes a look at the ongoing dispute in New Orleans over the banners about the upcoming tax election for the school system. The banners are hanging on schools, and some feel they are promotional, which is not allowed, instead of educational - which is allowed.
NOV 26 Not all college students are focused on football games and parties at this time of year. This post on DIG Baton Rouge recounts an LSU student group that tries to make sure that those who are hungry and homeless are not forgotten by those of us who aren't.
NOV 25 Edwin Edwards took off the gloves on Monday, this post on WAFB tells us. At a Press Club appearance, he wondered how his 6th Congressional District opponent, Garret Graves, could be an expert in all the areas in which he claims to be - when he has no college degree in anything. (Five years - FIVE YEARS - in college, but no degree. Huh?)
NOV 25 Blogger Mike Deshotels offers this primer on predatory charter schools and how they operate, specifically in Louisiana. They're not just profiting from our tax dollars, they're using children and shortchanging them to do so, Deshotels says.
NOV 25 Here's a link to the petition that has been created to save Zeus, a family dog who is targeted for death by the learned fathers of the Avoyelles Parish village of Moreauville. They passed an ordinance based on nothing that outlaws pit bulls and Rotweillers. As of Tuesday morning, the petition had more than 230,000 signatures - a number that's a wee bit higher than the village population of 929.
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