Developers say Tangipahoa Parish sitting on oil
Tangipahoa Parish now has its first working oil rig, WWL-TV reports. The rig is located in Fluker and is described as an evaluation well as the oil industry begins to tap into the Tangipahoa section of the Tuscaloosa Marine Shale. The Tuscaloosa Marine Shale is roughly 2.7 million acres in size, stretching across central Louisiana and into southwest Mississippi. According to LSU geologists, the area may contain 7 billion barrels of oil, and new technology may allow that oil to be safely and effectively collected. “The sweet spot, if you will, of the Tuscaloosa Marine Shale find is in north Tangipahoa Parish,” Tangipahoa Parish Economic Development Director Bob Basford tells WWL-TV. The well is 142-feet tall, and is a combined effort from Devon Energy of Oklahoma City and Nabors Drilling of Houston. Read the full story here. Read the Nov. 29 Business Report cover story by Penny Font on exploration of the Tuscaloosa Marine Shale in the Capital Region here.