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Shreveport-Bossier City Bossier Parish, Caddo Parish, De Soto Parish
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Old 07-12-2012, 03:32 PM
 
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An article in the Shreveport Times newspaper on July 10, 2012 has revealed that DeSoto Parish (ground zero) for the Haynesville Shale is feeling the pinch from the O&G slowdown. Drilling rigs have dropped from 60 (2010) to seven today.

DeSoto Parish sales and use tax collections are down $30.6 million from a year ago, raking in almost $90 million in 2011-12 vs. the all-time high of $120 million in 2010-11, according to the annual report released late last week. The decline is directly related to the downturn in oil and natural gas activity, DeSoto Sales and Use Tax Commission Administrator Chris Robinette said. “It went down; straight down. No warning,” Robinette said of the drastic slide that started about three months ago.

For more information: UPDATED: DeSoto sales tax collections down $30.6M | Shreveporttimes | shreveporttimes.com
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Old 07-22-2012, 12:34 PM
 
974 posts, read 2,061,735 times
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Default Businesses, workers feel lull of natural gas glut

Another article on Page 1 of Sunday's Shreveport Times, July 22,2012:
Businesses, workers feel lull of natural gas glut
by Adam Duvernay

Businesses, workers feel lull of natural gas glut | Shreveporttimes | shreveporttimes.com


Main points of the article: Cafe 171 in Mansfield used to serve 160 to 250 people a day. Now they're
business at lunch is really slow and hint at layoff or shutting down. Other O&G affiliated businesses in the article are looking at layoffs or relocation of employees to more lucrative plays.

While Natural Gas may be supplying energy needs for the future, job prospects in NW La. have slowed down considerably. With NG prices at low levels, the commodity price needs to get to $4.50 mcf for production to be feasible for dry gas. Seems the more liquid energy plays as in Eagleford, TX and other areas are driving the focus for the immediate future.
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