The project addressed legal, production, and financial risk with
producers considering engaging in oil and gas leasing in east
Mississippi. The risk management topics included water
use decisions, economic risks of new technologies, asset management and
leasing practices, liabilities, and contract development.
The project addressed the
production risks of water use decisions, and the economic risks of new technologies
in regards to oil and gas resource extraction on farmland in Mississippi.
Target areas were the Black Warrior Basin in Northeastern Mississippi and
the Mississippi portion of the Texas-Louisiana, Mississippi Salt Basin in
Central and Southeastern Mississippi. This includes the 1st Congressional District in the state. Due to many producers being impacted the flooding in the Black Warrior Region this spring, the final workshop was moved to the the Summit, MS in the Tuscaloosa Marine Shale.
The project also addressed
the topics of asset management and leasing/renting (with regards to
leasing farmland or forestland) for the purpose of oil and gas development or
for pipeline construction.
The project implemented
in person workshops to address the legal risks of contracts and
leases for the purpose of oil and gas development on farmland and provide accessible information stakeholders.